Credit

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.

Visa Europe’s credit card market share in the United Kingdom grew at a steady pace the past two years, and another favorable spike could occur leading up to the 2012 London Olympics, for which Visa is an official sponsor, a new report suggests.

Credit card issuers wanting to improve profitability in the wake of the recession could get better results by looking more closely at their own fraud cases to determine specifically which type of fraud criminals are perpetrating and how to stop it, new research from Experian PLC suggests.

If a hacker gets into the cash-register software of a restaurant, captures credit card information and sells it on the Internet to counterfeiters all over the world, it could take months or years for police to pinpoint the source.

The joint venture Global Payments Inc.’s entered into in Spain late last year with one of Europe’s top banks delivered better-than-expected revenue and helped drive fiscal fourth-quarter earnings, the merchant processor’s top executive told analysts during a July 21conference call to discuss the quarter’s earnings.