Visa reported earnings this week along with new insights into the strength of the credit card industry. According to Visa's numbers, total credit card spending was up, along with the number of...
Continue readingTwo major retailers have bucked from the trend to announce their position against a recent settlement against credit card companies. The settlement for $6 billion in damages is to pay for aggressive...
Continue readingBank of America will begin issuing EMV credit cards to high-income, high-net worth consumers in the coming months as part of a new security program. EMV, which stands for EuroPay, MasterCard, Visa,...
Continue readingPayPal, a product and online payment processing company owned by eBay, announced a recent acquisition which will give it the opportunity to tap into mobile card payments. PayPal acquired a rival...
Continue readingA new settlement between retailers and the credit card industry could leave individuals to pay fees to use their credit card. The industry settled with a collection of retailers to decide on a...
Continue readingIn a landmark decision, major credit card companies reached a $6 billion settlement with retailers over the fees credit card processors charge to process each swipe of a credit card. Businesses pay...
Continue readingIf credit card companies are known for anything, it's their marketing. This week, a new study from Mintel Compremedia, a marketing research firm, released a new report on total credit card mailing...
Continue readingA new start-up named Wallaby wants to help you make better use of your credit cards. The company will not offer credit lines to customers, but instead give its users the opportunity to load their...
Continue readingMany people see cash advances and balance transfer checks as one in the same: an easy way to draw money from your credit card account when you need it most. In reality, a cash advance is a very...
Continue readingBanks are loosening their lending standards to make more consumer loans, according to a new survey by the Office of the Comptroller of Currency. The study asked banks to qualify their lending...
Continue readingEach quarter, banks release critical information about their financial standing to shareholders. This information also helps analysts survey the market for credit cards. As of its most recent...
Continue readingThe market for consumer credit could get tighter as banks find it more difficult to find sources of capital. Credit cards, which are often financed by a bank's borrowing, are one such product that...
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