Credit

The Euro Alliance of Payment Schemes has appointed Antonio Galiano as vice chairman of its board of directors.

Speedy communication to breach victims is vital in preventing fraud, according to lawmakers and regulators who are pushing for faster consumer notifications after last week's disclosure of an incident at Citigroup Inc.

HSBC Holdings PLC will exit the U.S. credit card business whether it finds a buyer for its $33 billion card portfolio here or not.

Wal-Mart Stores Inc., the nonbank that banks love to hate — and fear — is at it again.

The buzz around person-to-person payments has long been claimed by rival upstarts such as PayPal Inc., but banks are striking back, as evidenced by the ClearXChange consortium.

Barclaycard has retooled a contactless-payments television advertisement to feature use of a mobile phone to make payments in a move that could help to raise awareness of the technology in the United Kingdom. The ad first appeared June 4 during the finale of the popular television show “Britain’s Got Talent.”

Bank Indonesia is drafting a regulation that would establish a minimum age and income for credit cardholders and limit how many cards someone may hold, confirms a spokesperson for the country’s central bank.

China Merchants Bank Ltd. is partnering with social networking platform company Renren Inc. to issue a cobranded credit card in China, the bank announced June 13.

WASHINGTON — Bankers lost the Senate fight over interchange fees, but they are hoping the vote will help convince the Federal Reserve Board to raise its proposed 12-cent cap.

American Express Co. is trying to expand the number of users for Serve, its new digital wallet service, through a marketing partnership with AOL Inc.’s Patch news network.

Law enforcement agents believe hundreds of thousands of dollars being withdrawn from ATMs in California are related to the data breach announced recently by Michaels Stores.

WASHINGTON – The Federal Reserve is expected to vote a final rule on debit fees a week from today, now that a credit union-backed proposal to delay the rules has been shot down in Congress.

U.S. Bank in Minneapolis announced Thursday that it has named Kurt Adams as head of its Corporate Payments Systems unit, replacing Robert Abele, who is retiring at the end of June.

BillShrink Inc., the discount-hunting service, has come up with a new spin on the Billy Mays-style hard sell in which consumers are cautioned to spend now or forever miss out on a host of extra goodies.

Spanish police authorities have arrested three computer hackers who allegedly breached the Sony Corp. networks affiliated with the PlayStation 3 video-game console and the company’s streaming music and video service.

Gift and loyalty services company SparkBase LLC is using $3 million in new funding to hasten the development and deployment of its technology platform and mobile services, which includes a smartphone application that enables consumers to quickly enroll in merchant-loyalty programs.

Regions Financial Corp. may not be the only bank planning to buy back its credit card portfolio now that the worst of the recession’s damage is receding, according to one expert who tracks credit card portfolio sales.

The twin effects of lenders keeping a tight rein on credit card lines and consumers borrowing less with cards in April drove the average card-account default rate down to levels not seen since February 2009, according data Fitch Ratings released June 10.

U.S. Bancorp plans to begin issuing EMV chip credit cards that also include a tap-and-go payment function to its customers this month.

NEW ORLEANS–Wal-Mart Stores Inc. will begin rolling out automated MoneyCenters next week.