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Visa cardholder spending in South Africa increased by 34% during the first quarter ended March 31, to $566 million from $423 million during the same period a year ago, according to an annual tourism outlook report Visa Inc. released this week.

Visa cardholder spending in South Africa increased by 34% during the first quarter ended March 31, to $566 million from $423 million during the same period a year ago, according to an annual tourism outlook report Visa Inc. released this week.

Wal-Mart Canada Corp.'s debut banking product, a credit card, is the first product from the retailer's recently approved bank, a venture that promises to inject more competition into Canada's financial services industry, according to Dow Jones.

Citigroup Inc. is getting into the mobile shopping game with an application that combines card-specific offers with location-based details.

Credit card delinquency rates continued to improve in May, firming a months-long trend.

Credit card issuers were somewhat spared in the Federal Reserve Board’s final rules issued June 15 regarding card penalty fees, which analysts say were not as severe as some had feared.

The tension between China Unionpay and Visa Inc. continues to heat up.

Credit Saison Co. Ltd., one of Japan’s largest credit card companies, is in the process of deploying 250 ATMs to make it simpler for customers to pay back their card loans, an official from the Tokyo-based company tells PaymentsSource.

MasterCard Inc. said Monday it had hired Sachin Mehra as its corporate treasurer, replacing Andrea Robertson, who is retiring.

Citigroup Inc. announced Monday that it has reached an agreement to sell its Canadian MasterCard business to the Canadian Imperial Bank of Commerce.

Total consumer and small business spending and cash disbursements with Visa cards in the Asia-Pacific region totaled US$1 trillion during the 12 months ended March 31, up 13.2% from US$883.4 billion during the previous year-long period, according to Visa Inc.

MIAMI — Jack Dorsey wants to give the taco trucks of the world an easier way to serve card-carrying consumers. But the founder of the payments software provider Square Inc. has his sights set on big-box retailers as well.

Just two of the 2,100 credit unions with credit card receivables of $1 million or more sold their portfolios during the first three months of this year, according to TRK Advisors, a card-portfolio consulting firm.

Ingenico S.A. anticipates generating 1 billion euros ($1.2 billion) in annual revenue by 2013, the France-based point-of-sale terminal maker announced June 9 during an investor’s presentation.

Mocapay Inc. on June 10 announced a partnership with point-of-sale equipment reseller Postec Inc. that will enable merchants to support both mobile payments and mobile promotions.

Consumer use of credit cards in Macau is on the rise after spending in casinos and on luxury expenses dropped during the worldwide economic slowdown.

The New South Wales Supreme Court has ordered the Australian state’s government to produce copies of ministerial briefing papers and minutes of internal meetings related to a terminated contract tied to the Tcard transport smartcard system, local newspaper Sydney Morning Herald reports.

The Indian city of Bengaluru (formerly Bangalore) soon will roll out its first contactless smart card for shopping and transit use, an official from the Bengaluru Metro Rail Corp. Ltd. tells PaymentsSource.

TD Bank was one of the last top 10 North American financial companies to offer mobile banking, but is hoping to leapfrog the competition by introducing some unusual services.

As attacks against small-business bank accounts rise, an increasingly hot-button topic is who is responsible for the losses.