Stocks of credit-card companies slump as Wall Street overall drifts in mixed tradingStocks of credit-card companies are tumbling on Monday after President Donald Trump threatened moves that could eat into their profits.
Banks are rethinking partnerships with credit-card based fintech firmsRBI’s directive on June 20 barring prepaid payment instruments (PPIs) from being loaded through credit lines has further acted as a catalys...
SBI rallies over 2% on report of stake hike in two credit card JVsSBI has joint venture with diversified American conglomerate General Electric, as demonetisation increasingly drives consumers to spend onl...
Noida based Agatsa Software develops credit-card sized healthcare device SANKETThe credit-card sized healthcare is a low power rechargeable device which connects wirelessly and runs on all compatible smartphones.
Apple Pay stung in transactions using data stolen from retailers: ReportApple Inc's mobile payment system Apple Pay has been hit by a wave of fraudulent transactions using stolen credit-card data from a spate of...
Credit-card transactions can give away your identity!MIT scientists have examined anonymous credit card data and found that most individuals can be identified using just the dates and location...
Cyprus to limit cash, credit-card use abroad: ReportCyprus to impose a ban on cashing cheques and limit the amount of cash that can be taken out of the country under measures to avert a run o...
- Fed amends card rules on income requirements
The US Federal Reserve approved a rule that would require creditcard issuers to consider consumers' individual incomes before extending cre...
‘Higher credit-card spends vital’American Express CEO discusses the challenges for the credit card industry.
- Barclays in talks to buy Citi's assets in Portugal: Report
Global banking major Barclays is in talks to acquire some of Citigroup's retail-banking assets, including credit-card portfolio, in Portuga...
- Obama pledges protection for credit-card users
President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate increases...
- Card issuers to meet Obama on fee limits
Executives from credit-card issuers including Bank of America Corp and American Express Co are set to meet with President Barack Obama on T...
- American Express becomes a bank
American Express won Federal Reserve approval to become a commercial bank, gaining access to government funds as credit-card defaults climb...
- Read the fine print to avoid credit card woes
Card issuers want to keep default rates as low as possible to protect their profits.
- MasterCard, American Express settle suit for $1.8 bn
MasterCard, the world’s second-biggest credit-card network, agreed to pay as much as $1.8 billion to settle a complaint that it blocked ban...
- AmEx buys GE’s corporate charge card unit for $1 billion
American Express agreed to buy General Electric’s corporate charge-card unit for $1.1 billion in cash to expand lending for business custom...
- Visa, MasterCard face Congressional investigation
Visa International and MasterCard, which agreed to pay $3 billion to settle a retailers’ antitrust suit and have been targeted by US and Eu...