Credit

RBS WorldPay Inc. recently selected GDS Link LLC’s technology with the goal of improving portfolio segmentation and helping identify fraudulent merchant fraud identification, Dallas-based GDS Link announced.

American Express Co. which long has prided customer loyalty to its brand, is well known for providing perks to cardholders through its sports sponsorships. And one of its biggest efforts involves the game of golf.

China Everbright Bank last week launched China's first secured credit card, the Beijing-based bank announced in a statement. The issuer is marketing the dual debit/credit card to customers with lower income levels.

National Australia Bank Ltd. plans to roll out software technology first introduced by its subsidiary Bank of New Zealand Ltd. that is designed to reduce card fraud. The technology works by changing numbers on a card's magnetic stripe each time a transaction occurs at an ATM.

Credit card loss rates at the nation's largest issuers could drop 10% to 33% from a year earlier this autumn, if the slowed pace at which borrowers have been falling behind recently is an accurate guide.

Improving economic conditions helped drive up net profits at Discover Financial Services during its fiscal second quarter, with higher cardholder spending, lower delinquencies and chargeoffs and a significant reversal in loan-loss reserve requirements.

As the U.S. credit card industry begins to crawl out of a recession under the burden of stiff new industry regulations, issuers are facing the difficult task of trying to win back consumers.

Issuers appear to have lost the battle with retailers over debit card interchange fees, but that does not mean they can't compensate, at least in part, for declines in revenue.

Experian PLC said Thursday that it has purchased RentBureau, a credit bureau that tracks rent payments, from DSI Holdings LLC.

Significant improvement in the credit performance of loyal customers and continued solid growth in cardholder spending aided by higher gasoline prices helped bolster Discover Financial Services’ performance for the fiscal second quarter ended May 31, the Riverwoods, Ill.-based company announced June 24.

The pace of payments-executive recruitment is increasing again after a long lull caused by the economic downturn and overall industry uncertainty, according to top payments executive recruiters.

Sweeping new regulations and spiking loan losses have set off a flurry of maneuvers and countermaneuvers in the multidimensional battlefield of credit card pricing.

Financial institutions could experience significant drops in the rate of delinquent accounts by establishing multiple lending relationships with individual customers, the results of new research by credit bureau TransUnion suggest.

The consumer credit card charge-off rate declined for the second consecutive month in May, increasing the likelihood that charge-off rates soon will dip below their year-ago levels, Moody’s Investors Services said in a June 22 report.

Accelerated Payment Technologies Inc. hopes its recent name change will further its ambitions to sign up more merchants for its point-of-sale processing services. It also is looking for a bit of help from software vendors.

West Lafayette, Ind.-based Purdue Employees Federal Credit Union has rolled out a limited-edition Drew Brees credit card, featuring the star of last year’s Super Bowl who played his college football at Purdue University.

To reduce the cost to distribute financial-aid checks, North Central Missouri College in January began depositing the funds into students’ campus card accounts. Since making the change, the school not only has saved money, “but we haven’t had any negative feedback, especially because students now have access to their money quicker,” Sharon Barnett, the college’s vice president of administrative services, tells PaymentsSource.

Sweeping new regulations and spiking loan losses have set off a flurry of maneuvers and countermaneuvers in the multidimensional battlefield of credit card pricing.

The debit-interchange amendment many observers expect lawmakers to approve June 22 will negatively affect debit card issuers, but adjustments made this week mean banks and payment networks were spared from some potentially more-dire effects, analysts suggest.

Government regulators in the United Kingdom should intervene to reduce how much it costs merchants to accept card payments, the British Retail Consortium contends.