Credit

Helped by strong growth in purchase volume outside the U.S., Visa Inc. on July 27 reported healthy across-the-board fiscal third quarter transaction growth.

U.S. consumer bankcard delinquencies hit a record low in June, while charge-off rates also improved again, according to data Moody’s Investors Service released July 28.

American Express Co. has nabbed a former Google Inc. executive to run a joint venture with French e-commerce website vente-privee.com.

Hacking suspects may blame their arrests on having picked the wrong target.

Visa Inc.’s fiscal third-quarter net income rose 40.4% from a year earlier due partly to a gain it recognized from the revaluation of a deal with Visa Europe.

The finalization of new debit card regulations likely will provide a tailwind to bank technology spending later this year, according to the top executive of vendor Fiserv Inc.

Targeting the fast-growing affluent market in the United Arab Emirates, Emirates NBD has launched a premium Titanium credit card that comes with a host of lifestyle benefits, including airport lounge access and golf privileges, plus higher reward points on retail purchases, the issuer announced July 26.

Aided by relatively strong performance from its EFT Processing segment, transaction processor Euronet Worldwide Inc. reported favorable second-quarter revenue and profitability.

Flush with cash and the prospect of stronger revenue growth for the rest of the year, Total System Services Inc., or TSYS, is eyeing potential acquisitions that would diversify its operations beyond its core credit card processing business.

JPMorgan Chase & Co.’s Ink card portfolio has helped businesses simplify their expense management through various upgrades and enhancements, which may translate into more users of the issuer’s consumer cards as well, one observer suggests.

Shares in S1 Corp. traded higher when the markets opened this morning as Israel-based Fundtech Ltd. reminded investors that its agreement to merge with S1 Corp. has not been finalized yet and could fall prey to yesterday’s higher offer by ACI Worldwide to acquire S1.

India’s credit card market is seeing a surge in card spending even as the number of cards in circulation declines, suggesting issuers’ strategy to target premium customers and shed risky ones is working.

ZestCash Inc. says it's the Google of alternative lending, based on the way it calculates underwriting for loans to risky borrowers; its rival BillFloat says it's the Facebook of alternative lending, because it knows its customers.

The Consumer Financial Protection Bureau’s credit card industry actions since opening its doors July 21 so far appear to be relatively benign to many observers, who expect the agency to focus at first on ensuring that credit card agreements are clear and easy for consumers to understand.

Samba Financial Group is partnering with supermarket operator Panda Group to launch a cobranded Visa credit card, the companies announced July 25.

Wedding bells are ringing again for technology vendors, but many bank executives do not know on which side of the aisle to sit for their immediate buying decisions.

Few of the security features designed to prove a credit card’s validity in the physical world work well online. One startup aims to change that.

Signaling the opening of a new market for Chinese manufacturers and retailers, Alibaba Group Ltd. is working with Western Union to develop an online payment platform, the Chinese business-to-business e-commerce specialist announced earlier this month.

U.S. college and university alumni-affiliated credit cards are losing steam because consumer interest in affinity-based college card programs is fading, new Federal Reserve Board data suggest.

Following its strategy to saturate the host countries of sporting events that it sponsors, Visa Inc. got an early start in Colombia in signing up merchants for marketing promotions in anticipation of the FIFA U-20 World Cup, which starts this week, PaymentsSource has learned.