Search Results for: Credit card
HSBC Going Solo in China Credit Cards Boosts Expansion Plan
March 10th, 2016
Bank has ended card venture with Bocom, Asia head says HSBC would be just one of three foreign card issuers in China HSBC Holdings Plc winning approval to start a credit-card business in China’s $1 trillion market offers Chief ...
Citi Reaches Deal for American Express’s Costco Credit Card Portfolio
March 1st, 2016
Deal comes after AmEx and Costco said last year they were ending their 16-year relationship Citigroup Inc. reached a deal to buy Costco Wholesale Corp.’s co-branded credit-card portfolio from American Express Co. Financial terms weren’t provided in Monday’s news release. The sale is expected to ...
Apple is looking to bypass credit cards entirely for mobile purchases in Russia
December 7th, 2015
Apple rolls out carrrier billing to Russia Not content with removing the need for plastic swiping at the retailer terminal, Apple is looking to bypass credit cards entirely for mobile purchases with the use of carrier-billing technology from Boku. ...
Bitcoin and Credit Cards Can Co-Exist, CardLinx CEO Says
August 12th, 2015
While last week’s Keynote 2015 conference saw the introduction of new voices to the conversation surrounding bitcoin and blockchain technology, none may have been heard louder and with more skepticism than CardLinx CEO Silvio Tavares. Tavares used his forum at the ...
Citibank to refund $700 million to credit card customers for unfair and deceptive practices
July 22nd, 2015
Citibank, N.A. and some of its subsidiaries is ordered to refund approximately $700 million to customers for unfair and deceptive credit card practices. This includes unfairly billing consumers for credit card add-on products, deceptively marketing those products, and deceptive collection ...
JPMorgan to pay over $125 million to settle U.S. credit card debt probes
July 8th, 2015
JPMorgan Chase & Co has agreed to pay at least $125 million to settle probes by U.S. state and federal authorities that the bank sought to improperly collect and sell consumer credit card debt, according to people familiar with ...
CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases
October 24th, 2014
British bitcoin exchange CoinCorner now allows clients to purchase bitcoin and some altcoins with debit and credit cards. The feature went live yesterday, making CoinCorner one of very few places in the British Isles to accept direct card payments ...
U.S. banks ramp up credit card lending but margins may suffer
October 13th, 2014
As traditional Wall Street money makers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses. JPMorgan Chase & Co, (JPM.N) Citigroup Inc (C.N) and other big banks ...
Consumers replace cash with credit cards
July 25th, 2014
Visa reports 5% increase in third quarter revenue to $3.16 billion over the prior -year period. Company’s Net income came in at $1.4 billion that resulted in a per-share profit of $2.17, $0.07 higher the analyst consensus. Visa CEO ...
NFA’s Board approves prohibition of credit cards to fund retail forex accounts
June 24th, 2014
National Futures Association (NFA) announced that its Board approved a ban on the use of credit cards to fund retail forex and futures accounts. This prohibition is subject to approval by the Commodity Futures Trading Commission. Although NFA’s proposed ...
