MasterCard, the world's second-largest payments network, reported a slightly better-than-expected profit as customers spent more using its cards. » Read More
Apple and China UnionPay have announced a partnership to officially bring Apple Pay to China by early 2016, underscoring the latest battle for customers in the world's second-largest economy.
Dec 17- Apple Inc said on Thursday it had partnered with China UnionPay to launch payment service Apple Pay in China for China UnionPay cardholders by early 2016.. "China is an extremely important market for Apple and with China UnionPay and support from 15 of China's leading banks, users will soon have a convenient, private and secure payment experience," said...
Matt Schulz, senior industry analyst at CreditCards.com, says while a 25 basis point Fed rate hike won't make a dent for credit card holders, the rate hikes that follow, will.
Despite the fact Wal-Mart is on pace to be the worst Dow performer in 2015, losing nearly a third of its value, Joseph Feldman, Telsey Advisory Group senior managing director, says its fundamentally sound.
British start-up Masabi aims to save people time by getting rid of lines and paper tickets.
Magnises founder Billy McFarland pitches his start-up to a panel of experts on CNBC.
Credit card holders have avoided more than $16 billion in fees, but they are still vulnerable to aggressive collections and high costs.
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.