Payments

ALEXANDRIA, Va. – Pentagon FCU has introduced another rewards credit card, the PenFed Platinum Rewards Card, which offers cardholders the opportunity to earn five points per dollar spent on gas purchases, three points per dollar spent on supermarket purchases, and one point per dollar spent on all other purchases.

Consumers who caught on fast to the convenience of using their smartphone cameras to deposit checks remotely likely will be among the first to try a similar technology for paying monthly household bills.

Small banks already face a mobile-banking adoption deficit to their larger competitors, but some community institutions are still questioning the channel's safety, weighing emerging security threats against consumer expectations of new mobile banking services.

Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.

Consumers trust PayPal Inc. about as much or more than well-established payment networks such as Visa Inc. or MasterCard Worldwide when it comes to emerging mobile payments, but they place the most trust in their bank, new survey data suggest.

Bankcard charge-offs rates are still riding near their lowest levels ever, but the wind is shifting slightly for private-label retail credit cards.

Bank of America Corp. says reports that circulated this morning saying the bank has delayed its launch of a mobile check-deposit application to the second half of 2012 are half true.

In a promotion taking place in New York, consumers may act on their impulses using mobile tags, such as bar codes and QR codes, to not only shop around with their camera phones but also to initiate purchases while riding in certain taxis.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.

A federal judge has temporarily halted a telemarketing operation that allegedly sold bogus credit cards and took money from consumers' bank accounts without their consent.

The credit card industry is inching closer to settling yet another challenge to its controversial interchange system, though the ultimate price banks and networks will have to pay to appease merchants is not yet clear.

Recoveries against bad loans have become a major source of cash for credit card issuers, and hence an increasingly important factor in the industry’s return to pre-recession loss rates.

DES MOINES, Iowa – Coopera, the consulting arm of the Iowa CU League, said eight credit unions have signed on to begin offering the Coopera Card, a reloadable Visa prepaid card built specifically for the Hispanic community.

ALEXANDRIA, Va. – Pentagon FCU said beginning Feb. 1, all members who use the PenFed Premium Travel Rewards American Express Card will earn three points per $1 spent on all their dining purchases, tripling the current rewards.

Last year JPMorgan Chase & Co took New York resident Shady Gergis to court over a few thousand dollars in allegedly unpaid credit card debt.

LAKE BLUFF, Ill.-A debit card fee led to Bank Transfer Day. Now a big jump in bank overdraft pricing could add to the wave of bank customers moving over to credit unions, according to one analyst.

In what could be worrying news for card issuers in Australia, new survey data suggest about 32% of the country’s households last year fell behind financially, which affected their credit card use.

LAKE BLUFF, Ill.-The average number of overdrafts per household fell dramatically in 2011.

A strong holiday shopping season appears to have led some Americans to delay extra debt payments in December, but despite an end-of-year slowdown all 50 states ended the year with less credit card debt than when the year began, according to a recent report issued by CreditKarma.com.

Credit card issuers quietly are testing a variety of new fees to help make up for other fee income wiped out last year when the Credit Card Accountability, Responsibility and Disclosure Act went into effect, one analyst contends.