Credit

India’s card issuers are bracing for a change in telecommunication rules that, while fighting mobile spam, prohibits them from sending text message solicitations to some prospective credit card customers.

What better place to open up an airport lounge than … in the middle of a train station?

TMG Financial Services’ acquisition this month of the $16 million credit card portfolio of Warren, Mich.-based Extra Credit Union provides further evidence that a slow resurgence in card-portfolio sales is under way, one observer suggests.

Payment-technology provider Fuze Network Inc. believes it has an answer for consumers who would prefer to use cash to pay their credit card bills: use the credit card.

When battling data breaches, banks might want to start thinking small.

PHILADELPHIA–The presentations here were academic to say the least, complete with formulas, equations, Greek letters, footnotes and oddly sterile language. One economist referred to consumers facing foreclosure and bankruptcy as “agents.”

CHICAGO—Last week, the PCI Security Standards Council pushed advanced encryption as a way to protect consumers’ card data. But one point-of-sale vendor executive contends authentication at every step of the payments process would work better to combat fraud.

Customer credit card data was not endangered during last week’s security breach of a small portion of websites hosted by GoDaddy.com Inc., a company executive says.

The U.S. average credit card charge-off rate declined in August, resuming the general downward trend of the past two years following a slight uptick in July, according to a new Moody’s Investors Service report issued Sept. 23.

To cater to the growing number of Chinese travelers to Japan, China UnionPay is collaborating with Japan’s tourism office to offer services and deals to UnionPay cardholders.

Just as Discover Financial Services is discontinuing single-use account numbers, MasterCard Worldwide is making them a central feature of a small-business offering.

MasterCard for the past several years has been promoting its “priceless” experiences, such as behind-the-scenes access at ball games, golf tournaments, theater shows and other events. But its new “Priceless Cities” campaign, launched in New York in July, adds local and social-media dimensions.

Discover Financial Services is stepping away from its recent merger-and-acquisition frenzy and is trying to grow the old-fashioned way: by developing new businesses itself.

A London-based payment-processing and fraud-prevention company says it has created a way to detect fraudulent online credit card use more quickly by providing merchants and card issuers with identical cardholder data and transaction histories.

Discover Financial Services more than doubled its third-quarter net income to $649 million as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

Fleet card provider Comdata Corp. has signed a deal with Warren Transport to provide payment services designed to reduce costs and create operational efficiencies, the companies announced Sept. 21.

Standard Chartered Bank India Pvt. Ltd. is adopting a more aggressive stancetoward the Indian credit card market thanks to positive changes in the market, a top bank official said on Sep. 19.

Merchants and processors may find Payment Card Industry Security Standards Council requirements for the use of advanced encryption hardware to secure card data useful, but encryption alone is not security’s “silver bullet,” fraud-prevention vendors say.

Protecting customer credit card data was not on the priority list for P.J. Jacokes when he started his own business three years ago.

NEW YORK–Consumers are sharing more personal information online than ever, but they do not want to share it with banks.