Credit

There are more indications that card data was obtained by fraudsters after the data breach at Sony Corp.’s PlayStation Network.

USA Technologies Inc., a payments-service provider to vending machine operators, is aiming to get more merchants connected to its services through a partnership with Verizon Wireless.

Sony Computer Entertainment America LLC has warned its video-game console users that their credit card information might have been compromised in a recent security breach that has affected the PlayStation 3’s online network as well as the company’s streaming music and video service.

The average charge-off rate on U.S. consumer credit cards fell in March, resuming its general trend of improvement after a slight uptick in February, and account-delinquencies also declined, according to new data Moody’s Investors Service released April 25.

A sign that international travel regained some of the momentum lost during the recession, new data from Visa Inc. show that travelers going to and from the U.S. boosted their spending significantly last year.

Fiserv Inc. is giving financial institutions what is says are more opportunities to recoup lost revenue stemming from regulatory and legislative changes by providing an enhanced rewards platform for their customers who use multiple products and services.

Two Russian immigrants on April 20 were charged in Fayetteville, N.C., with skimming credit and debit card data from members at four credit unions at three local ATMs.

The Financial Supervisory Service of South Korea is tightening its supervision of the country’s credit card companies over concerns that rising card loans may lead to an unmanageable default crisis, the regulator announced Apr 25.

Issues regarding the use and issuance of credit cards represent the top complaints the Philippines’ central bank has received since it set up a mechanism for addressing complaints from the country’s bank customers in 2006, according to the bank.

WASHINGTON — While the banking industry clearly has momentum on its side in the fight to delay a rule that would limit debit interchange fees, time for Congress to act is rapidly running out.

American Express Co. is hitting the streets in Eugene, Ore., to promote Serve, its digital wallet for those consumers who are turned off by the elite branding of its main product line.

Alliance Data Systems Corp. is expanding its Epsilon marketing business through a $345 million acquisition after the unit suffered a large data breach last month.

Lowe’s Cos. on April 22 introduced a discount program that enables customers paying with a Lowe’s private-label credit card to receive 5% off all Lowe’s purchases.

Citibank Malaysia and Shell Malaysia have launched a revamped and improved version of their cobranded Visa credit card that they first launched in 2007, the bank announced April 21.

Square Inc. is making its smartphone magnetic stripe card reader available through Apple Inc.’s stores and website, but the move has left one observer unimpressed.

Many banks' mobile strategies have hinged on getting smartphone applications to market as fast as possible, but now the early adopters are moving on to the next step — making sure those apps live up to consumers' expectations.

American Express Co. is investing heavily in new products and has hired a MasterCard Worldwide veteran to help expand beyond the elite cardholders it has traditionally pursued.

Seeking to reassure investors that the effects of the recent cyberattack on the e-mail marketing operations of its Epsilon unit will be minimal, parent Alliance Data Systems Corp.’s chief told analysts April 21 that, although the event made clients angry and frustrated, it has not resulted in any significant falloff in business.

Visa Inc. is working with clothing retailer Gap Inc. to deliver discounts to cardholders via mobile phone SMS text messages.

Stable and improving credit trends helped generate 10% growth in Fifth Third Bancorp’s first quarter card-processing volume, to $80 million from $73 million a year earlier, the bank announced April 21.