*Indonesia seeks to boost tax revenue. JAKARTA, May 30- Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows. Erwin Karya, a Jakarta- based associate director with real estate agent Ray White, said clients were now starting to use... » Read More
American Express reported a beat on both the top and bottom line on Wednesday as it saw an increase in customer acquisition.
April 20- American Express Co's profit fell for the fourth straight quarter as costs jumped 5 percent after the credit card issuer boosted spending to fend off rising competition. Net income attributable to common shareholders fell to $1.39 billion, or $1.45 per share, for the first quarter ended March 31, from $1.51 billion, or $1.48 per share, a year earlier.
Visa is improving its chip-embedded cards, a source of grumbling from businesses and customers forced to wait for transactions to go through.
CNBC's Landon Dowdy takes a look at three things investors should watch for when American Express reports first quarter earnings after the closing bell, including currency headwinds, cost-cutting measures, and loss of partnerships with JetBlue, Fidelity and Costco.
The company says the new technology will let customers pay faster with their EMV cards.
A survey reveals about a quarter of merchants have adopted the EMV chip card technology.
The "Squawk Box" news team discusses some of the morning's most provocative headlines, including a tip that could save travelers hundreds of dollars in airfare; a new study shows merchants are lagging in adopting EMV chip card readers, and a toast to Happy Beer Day!
American consumers are finally getting on board with new chip-enabled credit cards — but retailers aren't following suit.
April 4- Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a year, KrebsonSecurity reported on Monday. The company was investigating the claims, the blog reported. The company could not be immediately reached.
Craig Vosburg, North American Markets President of Mastercard, talks about the transition to chip cards and the advent of new payment technologies like "selfie pay."
CNBC's Landon Dowdy reports many retailers are lagging when it comes to installing new payment terminals and that could leave them vulnerable for fraudulent purchases made in their stores.
Delays in the chip-card certification process is forcing retailers to shoulder the cost of fraud, The New York Times reports.
Florida-based Stonegate Bank is becoming the first American bank to offer certain financial services in Cuba. CEO David Seleski, discusses taking on this endeabor.
A survey by WalletHub revealed that certain candidates' supporters have better credit scores than others.
TABLE-DELINQUENCY RATES FALL AT MAJOR U.S. March 15- Delinquency rates fell in February at major U.S. banks and credit card companies, with an expeception of American Express and JPMorgan Chase, which remained flat. Charge-off rates were flat at American Express, while it fell at Discover Financial Services, Bank of America Corp and JPMorgan.
John Rainey, PayPal CFO, shares his outlook on PayPal's growth and what the company is doing to combat growing competition in the mobile payment space.
Getting lower credit card rates and waived fees may be as simple as asking.
America's outstanding credit card debt surpassed estimates in 2015, climbing to $917.7 billion, up from a forecast of $900 billion.
Is a cashless society simply a matter of spreading disruptive technologies like mobile wallets?
*Some Qataris living beyond their means. DOHA, March 3- Credit cards on the limit, huge bank borrowings and a struggle to repay loans: these are the personal debt problems of some Qataris despite the Gulf state's reputation for fabulous wealth. Many are borrowing enormous sums from local banks to finance lifestyles they cannot afford, according to a study by Qatar...