Credit

Visa Inc. is asking its member banks to stop using China UnionPay’s system to settle international transactions initiated with bankcards bearing both the Visa and UnionPay logos, China’s official state-owned newswire Xinhua reports.

Four out of five U.S. households with Internet access now bank online, suggest the results of a Fiserv Inc. survey released May 25.

Four out of five U.S. households with Internet access now bank online, suggest the results of a Fiserv Inc. survey released May 25.

MasterCard, one of just two stocks owned by credit unions, yesterday announced a major windfall for credit unions with the conversion of closely held Class B shares to commonly traded Class A shares.

A growing number of banks and technology companies are offering tools that can help corporations trim their travel and entertainment costs.

After undergoing several consumer pilots and tests with European banks, Visa Europe’s new CodeSure payment card is now available for commercial launch. The card provides cardholders additional security when making online purchases by generating single-use numeric codes.

Small-business credit card issuers may continue skirting provisions of the Credit Card Accountability, Responsibility and Disclosure Act that went into effect earlier this year if regulators take the conclusions of a new Federal Reserve report to heart.

Mega Cabs Pvt. Ltd. plans to begin accepting credit card payments in its fleet of taxicabs in India later this month, an official from the New Delhi-based cab operator tells PaymentsSource.

Visa on Tuesday said it has deposited $500 million into an account earmarked for litigation costs, a move that essentially acts as a repurchase of class B shares from credit unions and banks.

MasterCard Inc. hopes that the wisdom of crowds will help it eliminate the need to build alternative payment systems.

Small-business owners’ confidence rose in May for the second consecutive month, reaching its highest level in seven months, according to survey data Discover Financial Services released June 1.

Total System Services Inc.’s TSYS Healthcare unit has inked an agreement with Lighthouse1 LLC that it says will enhance its offerings of consumer-directed health care payments, including enabling consolidation of consumer health care payments onto a single payment card.

FICO, the provider of the ubiquitous credit score, last week said its FICO Labs was awarded eight new patents by the U.S. Patent and Trademark Office covering credit score interpretation, fraud detection, credit line optimization and other analytics.

Laborers in India’s most-populated state of Uttar Pradesh are receiving biometric smart cards through which they may receive their wages under the National Rural Employment Guarantee Act, whose goal is to help workers avoid being cheated out of their pay.

Laxmi Bank Ltd. in Nepal has launched an online-payment service, an official from the Kathmandu-based bank tells PaymentsSource.

Malaysian citizens now may use their Touch n’ Go contactless transit cards to pay for parking at stations in the local subway network in select cities, a spokesperson for the local transport authority Rapid KL tells PaymentsSource.

Malaysian citizens now may use their Touch n’ Go contactless transit cards to pay for parking at stations in the local subway network in select cities, a spokesperson for the local transport authority Rapid KL tells PaymentsSource.

Malaysian citizens now may use their Touch n’ Go contactless transit cards to pay for parking at stations in the local subway network in select cities, a spokesperson for the local transport authority Rapid KL tells PaymentsSource.

Three New York transit agencies are kicking off a contactless payment test today that they hope will show credit and debit cards can replace closed-loop fare cards — and lead to wider use of contactless cards in general.

In lobbying to defeat an amendment to the bank bill that would roll back interchange fees on debit cards credit unions are finding themselves in an increasingly familiar position – opposing the consumer lobby groups.