Credit

The average U.S. bankcard charge-off rate dropped sharply in June, registering the second-largest monthly decline since the Bankruptcy Reform Act took effect in 2005, according to the latest data from Fitch Ratings Inc.

An agreement in which Accertify Inc. will provide credit card fraud protection for Frontier Airlines illustrates how non-major airlines are boosting security as criminals shift their attention to them when major airlines thwart their attempts, fraud-prevention experts say.

Online payments are not being adopted uniformly, particularly in the business banking segment, leading Bill.com, a firm that exists in part to take paper out of billing, to introduce an option that enables users to tap the Web to trigger printed bills that can be mailed at a lower rates.

Intuit Inc.’s deal to sell its GoPayment software application and card reader at Verizon Wireless stores could significantly accelerate competition in the fast-growing market for smaller-ticket mobile payments, one analyst suggests.

Many of the nation’s largest card issuers this summer are raising the ante on rewards for affluent cardholders, but at least one issuer is dangling an enhanced card-rewards deal accessible to middle-income consumers.

Despite increasing activity involving mobile payments, consumers still trust credit card companies more than companies such as Google Inc., eBay Inc. or Facebook Inc.

Steve Jobs' resignation as Apple Inc.’s chief executive may prove a mixed bag—but a critically important one—for banks and the payments industry.

Boku Inc. has inked an agreement with two French wireless phone carriers to offer its carrier-billing service, a deal which will extend Boku’s reach to 32 million customers in France.

ACI Worldwide Inc. tossed the ball back into S1 Corp.'s court on Thursday as the two companies continue to squabble over competing acquisition proposals.

Debt Relief USA Inc. has agreed to settle Federal Trade Commission charges that it lured consumers into paying thousands of dollars in upfront fees to reduce their credit card debt but in many cases left them deeper in debt.

The debit card likely will not go the way of the paper check, but its days as a single-purpose product are looking increasingly numbered.

A new mobile credit card reader to be offered in the United States by a European startup will accept magnetic stripe cards for payment, but the company is not concerned the U.S. move to EMV cards will affect merchant interest in the device.

As part of a slew of new credit card rewards deals targeting affluent consumers, Capital One Financial Corp. on Aug. 23 rolled out what one analyst calls a “very rich” offer with a couple of interesting new twists.

Fifth Third Bancorp is offering a payment card that enables users to pay from either a credit or debit account.

In a move it expects will boost e-commerce revenue in the country, Bank of Bangladesh plans to open an online payment facility for the country’s service exporters, the country’s central bank announced Aug. 7.

Visa Inc.’s announcement that it expects old, static PINs to eventually be “eliminated entirely” in favor of dynamic authentication is facing resistance–in particular because many are not convinced that the PIN is past its prime.

Remember that five-gigabyte hard drive that WikiLeaks allegedly had that contained damaging information about Bank of America? It appears that that data stash no longer exist, having been destroyed by a former associate of WikiLeaks founder Julian Assange after the two men got into a fight.

Shipments of smart cards in China will exceed 1 billion by 2016, helping China catch up to Europe, Japan and other countries that have begun to transition to smart cards to improve security, according to a recently released report by IMS Research Ltd.

In a significant boost to mobile payments in China, the country’s sole card processor China UnionPay Co. Ltd. has formed a partnership with handset maker HTC Corp. to launch a phone with a built-in mobile-payment facility.

JPMorgan Chase & Co. is adding new dining and travel perks to its Sapphire credit card as it looks to bolster its base of affluent cardholders.