Credit Cards

American Express Co. posted second-quarter numbers Friday indicating the card giant is very nearly back to its pre-pandemic performance and reflecting a steady recovery from the travel restrictions that hampered the company for most of 2020. Driving the improved results was steady improvement in the company’s vital travel-and-entertainment business and …

Discover Financial Services reports its payment services volume of $78.4 billion for the second quarter of 2021 increased 22% from $64.5 billion in the same period a year ago. Its Pulse network dollar volume of $62.9 billion increased 18% from $52.9 billion year-over-year. Discover card sale volume of $45.6 billion increased …

A majority of U.S. consumers in all age groups—76%—would like to decrease their use of credit cards as they seek to avoid debt, are wary of their ability to pay off their balances each month, and have concerns about making the minimum payments, according to a survey from GoCardless Ltd., …

The history of payments in the last century has been a fascinating journey. From gold-backed paper currency to a fiat model that grew beside the convenient credit card system, the method in which we transact has always been reflective of society’s technological capabilities at that time. Even as late as …

Payments provider Veem Inc. launched several new products for small businesses, including Veem Invoicing and Veem Collections.Cryptocurrency platform OKCoin USA Inc. has chosen FIS’s Worldpay unit to provide merchant acquiring and global exchange service in support of OKCoin’s ongoing global expansion.Visa Inc. said it will launch later this year an “evolved” brand identity featuring refreshed …

Card-based cryptocurrency transactions at the point of sale require conversion of the crypto assets to fiat currency for acceptance by the card networks. Now, the two top card networks are starting to change that. Mastercard Inc. early Tuesday said it will work with a pair of issuing banks and several …

The consumer-payments industry is thriving. Last year, consumers embraced more payment methods than ever, a behavior that companies like Stripe (now valued at $95 billion ahead of a highly anticipated Wall Street debut) are banking on in a post-Covid world.  In fact, a recent Deloitte report tells us that, in …

Responding to consumer demand for an easier way to shop and earn rewards online, Raise Marketplace LLC announced Thursday the launch of an in-app shopping feature for its Slide mobile app. Consumers can now connect directly through the Slide app to the company’s more than 200 merchant partners to shop, …

The buy now, pay later trend has gained enough steam that the major card networks can’t afford to ignore it. The latest evidence that the credit card giants want to hedge their bets came this week with the news that Discover Financial Services invested $30 million in Minneapolis-based Sezzle Inc., …

Sensing that consumers’ growing preference for contactless-payments options will be permanent, Intuit Inc. on Thursday introduced its QuickBooks Card Reader for small businesses. The terminal, which integrates with QuickBooks Payments, supports what Intuit calls smart-tipping functionality. Businesses can customize three tipping options that are displayed on the card reader as …