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  • Target in deal to settle breach claims with Visa Wednesday, 19 Aug 2015 | 8:24 AM ET
    A Target store in Edgewater, N.J.

    Target reached a deal to pay up to $67 million to settle Visa claims related to a 2013 data breach that resulted in the debit and credit card theft.

  • AmEx releases cash back debit cards Wednesday, 19 Aug 2015 | 6:00 AM ET
    AmEx releases cash back debit cards

    American Express is introducing the first prepaid debit card that will offer 1% cash back on all purchases.

  • American Express adds cash back to Serve prepaid cards Wednesday, 19 Aug 2015 | 12:05 AM ET

    NEW YORK— American Express is adding cash back, a popular credit card feature, to its prepaid debit cards as it seeks users beyond its traditional customers. CEO Kenneth Chernault has said American Express would spend heavily this year to create new products and keep its already existing customer base. The monthly fee will be $5.95, so you have to spend roughly...

  • Target reaches deal to settle breach claims with Visa Tuesday, 18 Aug 2015 | 1:03 PM ET

    NEW YORK— Target has reached a deal to pay up to $67 million to settle Visa claims related to a massive 2013 data breach that resulted in the theft of millions of debit and credit card numbers. Both Target Corp. and Visa Inc. confirmed the agreement Tuesday, but wouldn't put a dollar amount on the deal. Unlike a $19 million agreement between Target and MasterCard...

  • CREDIT CARD BALANCES INCREASE 19 BLN IN Q2 TO 703 BLN- NY FED.

  • WASHINGTON, Aug 12- The U.S. Federal Trade Commission said on Wednesday it charged a data broker operation with selling payday loan applicants' financial information to scammers who took in millions of dollars by debiting bank accounts and charging credit cards. The data brokers bought the loan applications and, instead of passing them to legitimate payday...

  • U.S. charges data brokers in $7 million payday loan scam Wednesday, 12 Aug 2015 | 11:39 AM ET

    WASHINGTON, Aug 12- The U.S. Federal Trade Commission said on Wednesday it charged a data broker outfit with selling payday loan applicants' financial information to scammers who took in millions of dollars by debiting bank accounts and charging credit cards. The data brokers bought the loan applications and, instead of passing them to legitimate payday...

  • Aug 11- General Electric Co said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion. Citigroup Global Markets and J.P. Morgan Securities LLC advised GE and Hogan Lovells US LLP was the legal adviser. Credit Suisse and Wells Fargo Securities were financial advisers to Capital One and Wachtell,...

  • Aug 7- Activist hedge fund ValueAct Capital Management LP has built a $1 billion stake in American Express Co and is seeking "shareholder-friendly" changes at the credit card company, Bloomberg reported on Friday. American Express is not yet a core active target of ValueAct, Bloomberg said, citing people with knowledge of the matter. However, the fund could sell...

  • Aug 6- Credit card lender Capital One Financial Corp is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter. The potential deal could bulk up Capital One's existing healthcare lending operations and bring GE one step closer to achieving its target of...

  • Aug 6- Credit card lender Capital One Financial Corp is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter. Capital One has outbid other potential buyers in an auction for the unit, the people said on Thursday, cautioning that the negotiations are...

  • Smarter credit cards befuddle small businesses Thursday, 6 Aug 2015 | 6:00 AM ET
    Credit cards with EMV chips.

    More than half of small businesses who accept point-of-sale card payments are not aware of a major change coming in October.

  • Securing the swipe with Stripe Friday, 31 Jul 2015 | 6:43 AM ET
    Securing the swipe with Stripe

    John Collison, Stripe co-founder and president, discusses the company's partnership with Visa to develop technologies to improve security for digital payments.

  • Many US retailers not ready for fraud-proof cards Thursday, 30 Jul 2015 | 12:16 PM ET
    Credit cards with EMV chips.

    Many Americans are getting more high-tech, safer credit cards, but the change could spell disaster for small businesses.

  • Merchants seek to void $6B credit card settlements Thursday, 30 Jul 2015 | 9:34 AM ET
    Credit cards

    Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa, MasterCard, and American Express.

  • Top trades to go: Earnings edition Tuesday, 28 Jul 2015 | 1:43 PM ET

    The "Halftime Report" traders give their trades on earnings for the second half.

  • LOS ANGELES, July 27- If you want your college student to learn money management skills, get him or her a checkbook instead of a credit card. Those who had checking accounts, by contrast, were "markedly more prepared" to handle their finances than those who were unbanked before college, according to the study conducted by education technology company EverFi and...

  • Visa earnings sail past forecasts; stock pops 6% Thursday, 23 Jul 2015 | 6:14 PM ET
    Visa

    Visa easily beat earnings and revenue expectations on Thursday, sending the stock up more than 7 percent in after-hours trading.

  • AmEx shares slip as revenue comes in light Wednesday, 22 Jul 2015 | 5:18 PM ET
    American Express

    American Express noted that expense control helped overcome a stronger U.S. dollar's drag on international sales.

  • July 22- Credit card issuer American Express Co reported a 5 percent fall in quarterly profit as a stronger dollar reduced revenue from markets outside the United States. The company's net income attributable to common shareholders declined to $1.44 billion, or $1.42 per share, in the second quarter ended June 30, from $1.52 billion, or $1.43 per share, a year...