Credit

CIBC has become Canada’s latest issuer of PayPass-enabled MasterCard credit cards, the issuer and card brand announced Feb. 1.

Consorcio de Tarjetas Dominicanas SA, or CardNET, plans to use VeriFone Systems Inc.’s Total Protect encryption service, the payment terminal maker announced Jan. 31.

Consumers "like" rock bands and clothing brands on Facebook. A loyalty rewards startup expects that they will also "like" their banks in exchange for discounts on purchases.

An underdeveloped, diverse and fragmented Indian payments market represents an opportunity for companies to help bring stability to that market, a new report from Mercator Advisory Group suggests.

Visa Canada insists the Canadian Competition Bureau’s legal challenge to eliminate the company’s consumer-protection policies has no merit and would be harmful to consumers.

To help small businesses better manage their budgets and cash flow, Office Depot Inc. recently began offering its existing and new business credit cardholders no interest charges for six months on purchases of $299 or more.

Companies providing payment gateways, loyalty programs, and authorization and related services for Visa-branded transactions have improved their compliance with the Payment Card Industry Data Security Standard, Visa Inc. announced Jan. 27.

Despite the hype surrounding mobile applications for redeeming loyalty program points, consumers still would prefer one consolidated loyalty card they can attach to their keychain, according to a recent survey by ACI Worldwide Inc.

A government-appointed committee in India is proposing new mobile-banking guidelines to bring financial services to unbanked and underbanked individuals.

For nearly every sales force in nearly every industry, selling based on price can be a losing game; someone is always willing to sell for less.

That Apple Inc. is targeting mobile payments is a foregone conclusion, but that doesn't mean banks must take a defensive approach.

A continued decline in credit card charge-offs indicates “the bleeding has stopped” from loans that went into default during the recession, but card lending is likely to remain sluggish in the near term, one analyst contends.

Various terminal makers have come out with their own devices and services designed to support payment card acceptance using mobile phones. But one independent sales organization has decided to do so on its own, and at least one observer says the company could succeed with the proper marketing.

The PCI Security Standards Council is seeking to broaden the scope of industry participation as it empanels its third set of new advisory board members since the initial board convened in 2007.

Visa Inc. said Thursday that it had shed seven members from its board of directors.

Verizon Wireless is working with two mobile payment companies to allow its customers to charge digital content purchases to phone bills.

Rural banks in the Philippines this month are gaining access to a credit bureau that already assists commercial banks in the country in their credit card issuing, according to the Credit Bureau Inc., a nonprofit organization formed by the Bankers Association of Philippines.

TMG Financial Services said it experienced credit card portfolio growth last year, both organically and through portfolio purchases.

With buying power increasing for many cultural groups in the United States, card companies expectedly would be looking for ways to get their products into the hands of those consumers, many of whom are of Hispanic, African or Asian descent.

Barclaycard and wireless-network operator Everything Everywhere Ltd. this summer plan to launch the United Kingdom’s first contactless mobile-payment system, the companies announced Jan. 27.