Payments

DES MOINES, Iowa – Sales of gift cards this holiday season are up 119%, according to The Members Group.

LAKE BLUFF, Ill. – Further evidence that overdraft income is coming back for financial institutions: overdraft revenue crept up in the third quarter of 2012 according to Moebs $ervices.

RANCHO CUCAMONGA, Calif. and FRANKLIN, Mass. –Well-targeted marketing and incentives are being credited for driving a 201% increase in average monthly spending among credit union members in a “Season of Giving” promotion from CO-OP Financial Services.

Capital One Financial Corp.'s U.S. credit card delinquencies rise in November while international numbers fall.

A new pre-paid card solution offers cardholders a "closed-loop," merchant-specific card, backed by Discover that can be used exclusively at participating merchants such as Macy's and Outback Steakhouse.

The executive shuffle is ramping up at Visa.

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

The Federal Trade Commission shut down an operation, pending trial, that allegedly tricked consumers into paying hundred of dollars based on empty promises of lower credit card interest rates.

TransUnion released its annual forecasts Wednesday on two primary consumer credit variables - credit card and mortgage delinquency rates.

U.S. consumer debt reached an all-time high in October as Americans used their credit cards more often and borrowed more money to attend school and buy cars.

Apple introduced its Passbook app — a wallet that stores other mobile wallets — alongside the iPhone 5 in September. Three months later, has Passbook revolutionized mobile payments? Or is it starving from lack of support?

ATLANTA – Credit bureau Equifax yesterday said it has agreed to acquire card services and credit information on tens of millions of consumer accounts from CSC, a Falls Church, Va., partner of Equifax, for $1 billion in cash.

NORTH CHARLESTON, S.C. – South Carolina FCU has introduced International Travel Cards EMV in the form of reloadable Visa cards, which it said will ensure members’ security and convenience while traveling worldwide.

Just in time for the holiday shopping frenzy, two startups have rolled out mobile apps designed to help consumers choose which credit card to use at checkout.

Hurricane Sandy is likely to stir up credit card delinquencies in the next month or so, but performance remained strong in the batch of reports posted last week.

At the heart of many mobile wallets is a system for offering discounts, so these wallets seemed a natural fit for Black Friday shopping. Did they live up to their potential?

CO-OP Financial Services expects to go live by December with several new emerging payments technologies.

To learn the truth about campaign ads, we rely on fact checkers who promise to filter out the spin. In the equally confusing realm of credit-card advertising, an obscure agency looks to play a similar role.

This holiday season many retailers are introducing experimental payment technology — but will shoppers, stressed and desperate, find benefit in these experiences or stick to methods they know?

The national credit card delinquency rate increased for the third quarter compared with the year-ago period, according to TransUnion. The rate had been a seasonal low 0.63 percent for the second quarter.