May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...» Read More
If your mobile payment app isn't accepted everywhere, one company has come up with a fix.
A startup called Stratos has designed a single credit card for all your accounts, enabled to your smartphone using Bluetooth. Is it safe?
CHICAGO, March 3- New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. Anre Williams, president of global merchants services at American Express, cited cost and complexity as reasons for not issuing PIN numbers, which would require a much...
March 2- Warehouse club retailer Costco Wholesale Corp said on Monday it had entered into agreements with Citigroup Inc and Visa Inc for co-branded credit cards. Citigroup will become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express Co as the credit card network for Costco in the United States and Puerto Rico from...
Costco announced on Monday a new credit card program with Citi in a deal that will go into effect in April 2016. Berkshire Hathaway's Warren Buffett reacts to the deal.
American Express is catering to the affluent once again after taking several blows to its business, the NYT reports.
Recent hits to American Express highlight its flaws, a market strategist said, but another pro sees opportunity in its struggles.
Feb 25- American Express Co is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. The company sent letters to its cardholders saying it is making adjustments after finding its rates were below those of rival cards, Bloomberg earlier reported, citing a copy of the letter.
Feb 25- American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. American Express told customers this month that their annual rates will rise an average of 2.5 percentage points to at least 12.99 percent following a review last year, Bloomberg reported, citing people briefed on...
Two new studies show conflicting data on how prepared Americans are for emergency financial situations.
A disturbing number of Americans have more credit card debt than emergency savings, a new study finds.
CNBC consumer reporter, Kelli Grant, offers tips on what to check on your credit score and how often to check.
The credit card company's rules for merchants violate antitrust laws, a US judged ruled Thursday.
A U.S. District Court judge ruled American Express has violated antitrust laws, and American Express says it will appeal the ruling, reports CNBC's Mary Thompson.
U.S. District Court Judge has ruled American Express has violated antitrust laws, reports CNBC's Mary Thompson.
On Wednesday, American Express Co said it would stop offering a co-branded credit card with Costco when its contract with the retailer ends in March 2016. These products are big business for companies such as American Express- nearly a third of the company's purchase volume is on co-branded cards. The official noted that banks that issue Visa or Mastercard...
BEIJING, Feb 13- Credit card arrears in China leapt 42 percent last year to 35.8 billion yuan, central bank data showed, highlighting rising financial risks in the world's second-largest economy as growth cools to a 24- year old low. Unpaid credit card bills that were outstanding for at least six months jumped 10.6 billion yuan last year compared with 2013, data...
Feb 12- American Express Co said Costco Wholesale Corp would stop accepting its cards in the United States from next April, after the companies failed to reach terms on renewal of an agreement. Costco has already replaced American Express with Capital One Financial Corp as its credit-card issuer in Canada, starting this year. Costco has 468 warehouses in the...
Feb 12- American Express Co said it will stop issuing credit cards co-branded with Costco Wholesale Corp in the United States from March 31, 2016.
As credit card use begins to climb back to pre-recession levels, here is what affluent Americans want in a credit card.