Feb 9- American Express Co wants to grow small-business lending to make up for revenue it expects to lose after its credit card partnership with Costco Wholesale Corp ends this year. The planned end of the partnership in March has been delayed a few months because it has taken more time to move customers to a new card, the Seattle Times reported last week.» Read More
WASHINGTON, Dec 3- Credit card holders have avoided more than $16 billion in fees over the last few years because of tighter regulation of the U.S. card market, but they are still vulnerable to aggressive collections and high costs, according to a federal consumer watchdog. The Credit Card Accountability Responsibility and Disclosure Act, enacted in 2009 during...
Nov 30- A federal appeals court on Monday ordered an injunction blocking the Cook County, Illinois, sheriff from pursuing any effort to stop credit card companies from handling transactions for Backpage.com, a classified ad website that the sheriff said promotes sex trafficking. The 7th U.S. Circuit Court of Appeals in Chicago said Sheriff Thomas Dart, whose...
Payment processor FIS CEO Gary Norcross weighs in on mobile payments and how quickly the trend is catching on with consumers.
Former U.S. Chief Tech Officer Aneesh Chopra, discusses new systems in place to prevent credit card fraud, and keeping mobile shopping secure for consumers.
How to protect your identity while holiday shopping online.
ZURICH, Nov 24- Swatch Group Chief Executive Nick Hayek has signed a contract with credit card company Visa Inc. in connection with the Swiss firm's new watch that enables wearers to make payments, a newspaper reported on Tuesday. Swatch has already introduced the watch in China and aims to introduce a similar device in 2016 in Switzerland and the United States,...
When Susan and Richard Ramirez married in middle age, they shared a dream of someday owning a home. It cost them.
Susan and Richard Ramirez were in their 60s with $85,000 in debt. After one of them lost their job, the reality of an overwhelming mortgage and credit card debt set in. CNBC's Live and Learn brings the story of a late in life financial recovery.
A Chinese man can now likely get free flights for the rest of his life after putting $170 million on his black Amex.
Santa needs to make sure he's prepared to dip — or swipe — to avoid long lines at the register.
*Citigroup struggles with scale issues in Brazil. *Rivals uninterested in Citigroup's venture stake. SAO PAULO, Nov 23- Citigroup Inc has put its stake in a Brazilian credit card processing joint venture with Elavon Inc up for sale, two sources with direct knowledge of the plan said, after a disagreement over additional funds for the loss-making unit.
SAO PAULO, Nov 23- Citigroup Inc has put its stake in a Brazilian credit card processing joint venture with Elavon Inc up for sale, two sources with direct knowledge of the plan said, after a disagreement over additional funds for the loss-making unit. Relations between Elavon and Citigroup, partners for five years, have soured after Brazil's central bank said the...
Financial advisor Diahann Lassus, president and CIO of Lassus Wherley, discusses the good, the bad and the ugly of managing credit card debt.
Point of sale systems of a limited number of its hotels in North America were infected with malware, the company said.
CNBC's Dominic Chu takes a look at which companies are profiting from processing payments shoppers make with their credit cards.
A class action suit claims that FanDuel and DraftKings could not have succeeded had it not been for the help of the credit card industry.
Here's what we are hearing on the street about whether to sell or buy Square.
NEW YORK, Nov 19- The credit card industry won a big legal victory on Thursday as a federal appeals court rejected claims by a group of consumers that big issuers colluded to require that disputes be settled in arbitration rather than through class action lawsuits. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in New York upheld a lower court ruling that...
O'Leary Financial Group Chairman Kevin O'Leary explains how Apple's move into payments could spell significant trouble for PayPal.
Not knowing your credit score could cost you. CNBC's Landon Dowdy takes a look at what makes a good score and how you can find yours out for free.