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Capital One Disclosed Inquiry Into Anti-Money Laundering Practices
Capital One Disclosed Inquiry Into Anti-Money Laundering Practices
February 27, 2017  |  Security & Fraud

Capital One Financial last week reiterated in its 10-K filing with the Securities and Exchange Commission (SEC) that it’s being investigated by the New York...

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Mastercard’s New Card Supports Up To Seven Currencies
Mastercard’s New Card Supports Up To Seven Currencies
February 23, 2017  |  Payment Methods

Mastercard and Canada Post, in collaboration with Payment Source and Peoples Trust Company, announced Wednesday (Feb. 22) the launch of Cash Passport, the latest payment solution...

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2016 US Credit Card Debt Topped $1T
2016 US Credit Card Debt Topped $1T
February 17, 2017  |  Consumer Finance

Credit card receivables, otherwise known as outstanding debt, surpassed $1 trillion in the U.S. at the end of 2016, according to a new report from...

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Credit Card Chips Still Under Attack From Thieves
Credit Card Chips Still Under Attack From Thieves
February 03, 2017  |  Security & Fraud

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information...

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Still No Transaction Fees On Contactless Payments With AIB
Still No Transaction Fees On Contactless Payments With AIB
February 01, 2017  |  Payment Methods

With the number of U.K. customers using contactless payments to make purchases, AIB announced that it will continue to waive transaction fees for purchases of...

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Costco Branded Card Driving Growth At Citi
Costco Branded Card Driving Growth At Citi
January 23, 2017  |  Payment Methods

Citi has Costco to thank for its growth recently, according to a new analysis by Business Insider. In a report, Business Insider said Costco cards...

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Amex Earnings: Spend Gains But Profits Lag
Amex Earnings: Spend Gains But Profits Lag
January 20, 2017  |  Investments

American Express Co. said on Thursday that its fourth-quarter net income in 2016 was off 8 percent, weighed down in part by marketing expenses, and,...

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Cashless Payments Eroding Cash’s Dominance
Cashless Payments Eroding Cash’s Dominance
January 19, 2017  |  Payment Methods

A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s...

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Payment Card Spending Rose In UK During November
Payment Card Spending Rose In UK During November
January 19, 2017  |  Payment Methods

Payment card spending in the U.K. increased 1 percent during the month of November to hit £56 billion, thanks in part to an increase in...

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