Credit

RHB Bank Bhd. expects to add almost 500,000 credit cardholders this year through a promotional campaign that targets shoppers, an official from the Malaysia-based issuer tells PaymentsSource.

Abu Dhabi Commercial Bank Ltd has teamed with Etihad Airways Ltd, the national airlines of the United Arab Emierates, to launch a cobranded Visa credit card, the Abu Dhabi-based bank recently announced.

Korea Post, the national postal carrier of South Korea, may enter the country's credit card market as early as next year, a top official for the country’s postal service said during a June 30 press conference.

U.S. Bankcard Services Inc., an Industry, Calif.-based independent sales organization, has added China UnionPay card acceptance to its list of merchant services.

Fifth Third Bancorp said July 7 its Fifth Third Processing Solutions LLC unit has acquired the assets of credit union processor TNB Card Services from credit union-owned Town North Bank of Dallas.

Some card companies use sports sponsorships to generate loyalty among cardholders, but they also are good vehicles to try out new products, one consultant contends.

The Delhi Metro Rail Corp. has teamed with Delhi Cycles Pvt. Ltd. to launch a service to enable commuters in Delhi to use reloadable smart cards to rent bicycles at some of its stations, an official from the Delhi metro operator tells PaymentsSource.

Indian consumers in April generated higher credit card sales while increasing their card use compared with the same month last year, according to India’s central bank.

Visa Inc. has formed a partnership with McDonald’s Corp. in which users of Visa cards will receive free food or other prizes when buying Value Meals at the fast-food giant, the card brand last week announced.

Jack Henry & Associates Inc. said Friday that the president of its Symitar division, which serves credit unions, would step down in October.

Two new e-wallet services from Visa Inc. are aimed at making the payments company the focus of online shopping — even if a Visa card is not.

After the financial crisis forced them to retrench, credit card issuers are again on the hunt for new customers.

First National Bank of Omaha and Murphy Oil Corp. on July 1 introduced the Murphy USA Platinum Visa card enabling cardholders to earn rewards on transaction as well as savings on gasoline purchases.

Bank of the Philippine Islands Ltd. is looking to increase its credit card billings this year by revamping its air miles credit card and rewards program, a spokesperson for the bank tells PaymentsSource.

Visa Inc. is getting heat from one of the United Kingdom’s largest consumer-advocacy organizations, which claims the card network’s exclusive ticket-sales deal for the 2012 Olympic Games in London discriminates against non-Visa cardholders.

Many consumers dislike paying an annual fee for credit cards but see no issue in paying for credit monitoring or for foreign exchange services, new research suggests.

United Overseas Bank Ltd. by September plans to introduce in Indonesia a credit card designed specifically for women, a spokesperson for the Singapore-based bank tells PaymentsSource

The Reserve Bank of India is asking more rural financial institutions to issue credit cards tied to no-frills banking accounts, a spokesperson for the country’s central bank tells PaymentsSource.

Virgin Money UK in September plans to begin enabling cardholders to pay off the highest rates applied to their card debts first, the United Kingdom-based financial company announced earlier this week. This change comes on the heels of a joint agreement by the UK Department for Business Innovation and Skills and the UK Cards Association regarding cardholders’ rights.

The rise of small card-not-present transactions for virtual goods and other online services is helping to fertilize runaway growth of micropayment-based card-fraud schemes, at least one consultant contends.