MasterCard reported a 6.7 percent rise in quarterly profit as consumers spent more on cards using its network. » Read More
Paypal and Visa announced a partnership Thursday.
General Motors, Southwest and American Express are making headlines this Thursday morning after reporting their latest earnings results.
American Express reported quarterly earnings that beat analysts' earnings per share estimates and missed revenue estimates.
NEW YORK— American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards. AmEx sold the Costco portfolio to Citigroup, providing one-time after-tax gain of $677 million for the April-June quarter. The sale of the Costco credit card portfolio...
July 20- Credit card issuer American Express Co reported a 37 percent rise in quarterly profit, driven by higher spending by its customers and lower expenses due to a sale of its loan portfolio. Net income attributable to common shareholders rose to $2.02 billion, or $2.10 per share, for the second quarter ended June 30 from $1.47 billion, or $1.42 per share, a year...
James Anderson, Mastercard Head for Mobile & Emerging Payments, discusses the credit card company's new digital wallet, MasterPass.
For investors, cybercrime can be especially painful if personal data and information about investment accounts get into the wrong hands.
Crucial information was stolen in the malware attack that affected about 1,025 of its franchised restaurants.
LONDON, June 29- British consumer borrowing expanded at the fastest annual rate since 2005 in May, but analysts said this could be a high watermark before the shock of last week's vote to leave the European Union spreads through the economy. Consumer lending expanded 9.9 percent compared with a year ago, the biggest annual increase since November 2005 and up from...
HAVANA, June 27- MasterCards from Florida- based Stonegate Bank are the first U.S.-issued credit cards that can be used to withdraw cash at automatic teller machines in Cuba, the first vice president of the country's central bank said on Monday. Irma Margarita Martinez, speaking to media on the sidelines of a financial services conference, said Cuba was open to...
June 24- A Filipino man has been criminally charged in New Jersey with running a large and sophisticated scheme to hack into the bank and credit card accounts of well-known or celebrity customers, U.S. prosecutors said. In June 2015, The Philippine Star newspaper said former FBI director Robert Mueller was among the victims, without saying where it got the...
The wholesale retailer is switching its customers over to new Visa credit cards from Citigroup.
The agreement has been in the works since Costco announced it was cutting ties with American Express last year, USA Today reported.
CNBC's Kayla Tausche reports on the breakup between Costco and American Express.
JERUSALEM, June 13- Israel agreed to made it easier for challengers to the country's dominant banks on Monday and required its top two lenders to sell their credit card businesses to further boost competition. Finance Minister Moshe Kahlon was elected last year with a promise to shake up the banking sector, dominated by Hapoalim, Leumi and Discount, which...
The retail giant points to 'unacceptably high fees' for the change, saying it pay more than $78-million in credit card charges every year.
Walmart Canada stores will stop accepting Visa cards because the credit card provider charges merchants "unacceptably high" fees, the retailer said.
If you're having trouble figuring out what to get Dad this year, you may want to consider a dark room. Or a place where there's lots of food.
Zombie debt ... old, bad debt you thought was dead ... can come back to haunt you, but there are ways to fight off this fiscal apocalypse.
It's always a good idea to review your credit before a potential lender or employer sees it.