Credit

Fidelity Investments is dropping American Express Co. and Bank of America Corp. as partners for its cash-back credit card, capping a year of fierce competition among networks and lenders for deals that bring in customers.

Charles Cawley, who founded MBNA Corp. and built it into an affinity credit-card empire that was sold to Bank of America Corp. for $35 billion, has died. He was 75.

Video games have long been supportive of new payment systems, in part because many games cater to an audience that may be too young to have a traditional bank account or credit card. But can gamers also be a good target market for financing?

WEX has selected Roberto Simon to become the fleet card company's next chief financial officer.

American Express Co., bracing for a decline in profit after the loss of a key retail partner, made a series of organizational changes including combining U.S. and international units and said that consumer product head Josh Silverman is leaving the firm.

United Services Automobile Association, which serves members of the U.S. military and their families, told customers it’s dropping its partnership with MasterCard Inc. in favor of Visa Inc.

American Express Co., the credit-card issuer grappling with the loss of its biggest partner, posted third- quarter profit that missed analysts' estimates as expenses rose and revenue declined.

Discover Financial Services, the credit-card issuer that's expanded to student lending and unsecured personal loans, posted profit that beat analysts' estimates as the firm bought back about 8 million shares of stock and provisions for loan losses declined.

WEX has agreed to acquire fleet card provider Electronic Funds Source in a stock-and-cash deal.

Barclaycard and travel site priceline.com have extended their co-branding agreement, which means consumers can still get a credit card with pitchman William Shatner's face on it.

Prosper Marketplace, one of the nation’s largest marketplace lenders, has agreed to purchase the consumer finance app maker BillGuard.

Credit-card industry executives always insist that they face strong competition. But the battle between the nation's largest card issuers appears to have intensified in recent months, and it shows no signs of waning.

Alliance Data Systems has agreed to work with Toyota on a new line of private-label credit cards and to manage the Japanese automaker's existing co-branded card program.

Western Union has restored its outbound money transfer service from Greece, following its June suspension due to a temporary shutdown of Greek banks amid the escalation of the country’s debt crisis.

Fidelity Investments is considering dropping American Express and Bank of America to find new partners and better terms for one of the top-rated cash-back credit cards in the U.S., according to people with knowledge of the matter.

The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation.

Discover Financial Services topped peers in a J.D. Power credit-card customer satisfaction ranking, ousting American Express Co. from the No. 1 spot for the first time in the survey's nine years.

Commerce Bancshares Kansas City, Mo., has found its customers want to save the planet, but don't want to put in too much effort, so the issuer partnered with Sustain:Green for cards that offset carbon emissions.

Discover Financial Services is ready to take a few steps — measured, tentative, exhaustively analyzed steps — down the credit spectrum, its chief executive said.

Amex will terminate its agreement with Costco in the U.S. next year, a relationship that accounted for 20 percent of Amex's worldwide loans and 8 percent of customer spending.