Credit Cards


  • Popular prepaid cards face new federal regulations Thursday, 13 Nov 2014 | 12:01 AM ET
    Visa prepaid cards are shown at a Duane Reade drug store in New York.

    Use of prepaid cards has grown rapidly, but consumer protections have not. The Consumer Financial Protection Bureau wants to change that.

  • Will retail therapy damp Singapore’s growth? Wednesday, 12 Nov 2014 | 9:27 PM ET

    Singapore's economy has managed slow-and-steady growth despite a mediocre global view, but high household debt may come back to haunt the city-state.

  • Best credit cards to extend your warranty coverage Wednesday, 12 Nov 2014 | 4:34 PM ET

    Most major credit cards will extend a manufacturer's warranty by an extra year, according to a CardHub report.

  • SHANGHAI, Nov 13- Chinese bank card operator UnionPay, which may soon have to defend its near monopoly against Visa and MasterCard, faces a much bigger threat from online payment providers such as Alipay, and is upgrading its systems to meet the danger. China said last month it would open its credit card market to foreign players following a World Trade...

  • U.S. rules would expand white collar crime informers Monday, 10 Nov 2014 | 11:11 AM ET

    WASHINGTON, Nov 10- U.S. regulators are working on rules that would require investment advisers, credit card firms and check cashers, among others, to serve as informers on white collar crime, a senior U.S. official said on Monday. "If we are to be as effective as possible in countering illicit finance, we must begin applying appropriate record-keeping, reporting and...

  • Card issuers go easy on late payments: Survey Monday, 10 Nov 2014 | 12:01 AM ET

    Punishment for the sin of being late on a credit card payment is getting slightly less onerous, according to a new report.

  • Costco may replace American Express in US: Report Thursday, 6 Nov 2014 | 11:17 AM ET
    A Costco store in Richmond, Calif., March 6, 2014.

    CostCo may be considering dropping American Express as the sole credit card accepted at its retail locations, according to one report.

  • TORONTO, Nov 4- Visa Inc and Mastercard Inc have voluntarily agreed to cut the fees they charge to Canadian retailers for credit transactions, the government said on Tuesday, adding it now sees no need to regulate fees set by credit card networks. It said Visa and MasterCard have committed to start implementing the reductions no later than April.

  • Visa to cut credit card interchange fees in Canada Tuesday, 4 Nov 2014 | 8:20 AM ET

    Nov 4- Visa Inc, the world's largest debit and credit card company, said it will cut average interchange fees in Canada to 1.50 percent on consumer credit cards. Visa and smaller rival MasterCard Inc currently charge 2-3 percent on credit and debit card transactions in the United States. If clients are disadvantaged due to the decision, it will terminate or amend...

  • NEW YORK, Nov. 4- When Jud Linville joined Citigroup in 2010 to head its main credit card business, he discovered a card called "Simplicity" that was anything but. The array of cards was dizzying, and marketing so many possibilities was expensive for Citigroup. He is showing signs of stabilizing the business: annual spending on Citi- branded cards in the United States...

  • Buy Visa now? Pros disagree  Monday, 3 Nov 2014 | 12:21 PM ET

    Visa is hitting an all-time high today. FMHR traders Steve Weiss and Mike Murphy take their respective positions in the stock.

  • Visa's mobile payment strategy  Monday, 3 Nov 2014 | 12:17 PM ET

    CNBC's Mary Thompson speaks to Ryan McInerney, Visa President, about the rollout of Apple Pay and competition in the digital payment space.

  • TORONTO, Nov 3- Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard Inc and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. The trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test...

  • HONG KONG, Nov 1- Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday. The paper quoted a source from China's largest credit card supplier, Goldpac Group, saying People's Bank of China (PBOC officials had informed...

  • Top credit cards for college students Thursday, 30 Oct 2014 | 12:53 PM ET

    Millennials are shying away from credit cards, but plastic is a great way to build a credit history. Here's what to look for in a card.

  • Wal-Mart leads retailers in war against Apple Pay Thursday, 30 Oct 2014 | 9:29 AM ET
    The new Apple Pay mobile payment system on the iPhone 6

    A group of retailers led by Wal-Mart aims to upend the credit card market and fight for dominance at the checkout line.

  • MasterCard profit jumps 15.5 pct as card usage rises Thursday, 30 Oct 2014 | 8:09 AM ET

    Oct 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases. The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier. Net revenue rose 12.8...

  • Visa: Outlook cautious on Ebola, other headwinds Thursday, 30 Oct 2014 | 5:12 AM ET

    The world's largest credit and debit card company reported quarterly earnings of $2.18 share, ex-items, topping expectations for $2.10 per share.

  • Taco Bell president dodges munchies question  Tuesday, 28 Oct 2014 | 4:53 PM ET

    Taco Bell President Brian Niccol discusses beef prices, its breakfast menu and whether it's seeing more customer volume in Colorado and Washington late at night where the use of recreational pot is legal.

  • Taco Bell's new ordering app  Tuesday, 28 Oct 2014 | 4:50 PM ET

    Taco Bell President Brian Niccol, provides insight into the new app and why the company has temporarily blacked out its social media profiles.