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  • April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected quarterly profit as costs fell and shoppers spent more on its cards. MasterCard's shares rose about 3.6 percent to a record-high of $93.59 in early trading on Wednesday. "was able to overcome a drag from currency and grow volumes and earnings based on cost...

  • UPDATE 1-MasterCard profit rises on lower tax expense Wednesday, 29 Apr 2015 | 8:32 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more using its cards and the company paid lower taxes. MasterCard shares were up about 2 percent at $91.94 in premarket trading. The company's net income rose to $1.02 billion, or 89 cents per share, from $870 million, or 73 cents per...

  • MasterCard profit rises 17 pct Wednesday, 29 Apr 2015 | 8:07 AM ET

    April 29- MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as more people used its cards worldwide. The company's net income rose to $1.02 billion, or 89 cents per share, in the first quarter ended March 31 from $870 million, or 73 cents per share, a year earlier. Net revenue rose 2.7 percent to $2.23 billion.

  • China relaxing card-clearing is 'good news': Pro Wednesday, 22 Apr 2015 | 11:24 PM ET
    China relaxing card-clearing is 'good news': Pro

    Stuart Leckie, chairman of Stirling Finance, discusses news that China will be opening up its market for clearing domestic bank card transactions to foreign players.

  • This credit card issuer named best for small biz Wednesday, 22 Apr 2015 | 10:38 AM ET
    small business credit card

    Every major credit card company uses personal credit data to determine whether a business is eligible for a credit card, a CardHub study finds.

  • BEIJING, April 22- China will allow foreign firms to apply for licenses to establish bank card clearing businesses starting from June 1, the State Council said in a statement on its website on Wednesday. China said in October last year that it would open its credit card market to foreign players following a World Trade Organization ruling in 2012 that it...

  • Discover Financial's quarterly profit falls 7 pct Tuesday, 21 Apr 2015 | 4:27 PM ET

    April 21- Credit card issuer Discover Financial Services Inc reported a 7.3 percent fall in quarterly profit as it set aside more money to cover bad loans. The company increased provision for loan losses by about 43 percent to $390 million in the first quarter ended March 31. Net income attributable to common shareholders fell to $573 million, or $1.28 per share,...

  • *Kotak, Axis Bank targeting strong growth. MUMBAI, April 20- Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. India's 20 million credit cards-- for a population of 1.3 billion-- amount to just 0.5...

  • April 16- American Express Co, the world's largest credit card issuer, reported quarterly revenue that fell short of analysts' estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups. Revenue from international operations, net of interest expense, fell 8 percent to $1.24 billion in the quarter ended March 31, accounting for about 16...

  • American Express beats on profit; revenue misses Thursday, 16 Apr 2015 | 5:18 PM ET
    Man walking past American Express Travel Services office

    American Express beat Wall Street's first-quarter profit estimate but missed on revenue, posting earnings per share of $1.48.

  • April 16- American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income. Net income attributable to AmEx shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or...

  • American Express quarterly profit rises 6.3 pct Thursday, 16 Apr 2015 | 4:21 PM ET

    April 16- American Express Co, the world's largest credit card issuer, reported a 6.3 percent rise in quarterly profit, helped by higher spending by card holders and an increase in net interest income. Net income attributable to common shareholders rose to $1.51 billion, or $1.48 per share, for the first quarter ended March 31, from $1.42 billion, or $1.33 per share, a...

  • April 15- Target Corp said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard- branded cards that were a part of the massive data breach at the retailer in 2013.. The amount under the settlement with MasterCard Inc covers costs that banks incurred to reissue credit cards and debit cards to customers as a result of...

  • April 15- Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard- branded cards that were a part of the massive data breach at the retailer in 2013.. The amount under the settlement with MasterCard Inc covers costs that banks incurred to reissue credit cards and debit cards to customers as a result of the...

  • April 14- Target Corp is nearing a settlement with MasterCard Inc to reimburse financial institutions about $20 million for costs incurred from the retailer's massive data breach in 2013, the Wall Street Journal reported. MasterCard will distribute the reimbursed funds to the financial institutions that issue credit cards and debit cards under its brand,...

  • SHANGHAI, April 8- China's yuan weakened against the dollar on Wednesday as the central bank fixed a weaker midpoint, while traders said demand for dollars was lifted by individuals paying credit card charges after travelling on a long weekend holiday. The People's Bank of China set the midpoint rate at 6.1345 per dollar prior to market open on Wednesday, 0.07...

  • Soaring Asia household debt not fully captured Thursday, 2 Apr 2015 | 12:30 AM ET

    Household debt across Asia is raising red flags, but the official data may not capture the full picture for families around the region.

  • Credit cards that save you money overseas Wednesday, 1 Apr 2015 | 7:00 AM ET
    Tourists at Eiffel Tower Paris

    Credit cards can save you money when you travel, or cost you big time. Here's how to get the most bang for your buck on that European vacation.

  • Elite credit cards 2X as likely to be hit by fraud Tuesday, 31 Mar 2015 | 5:09 PM ET
    credit cards rewards

    Credit cards with the highest limits are nearly twice as likely to be a target of fraud than other plastic.

  • TOKYO, March 31- Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability. The transaction is expected to close by the end of the year, Citigroup and Sumitomo Mitsui Trust Holdings Inc said in separate statements.