Credit Card Issuers NEWS

A major bank’s credit rating cut is like a snowball – draws in the customers, public and financial markets. Downgrading of the world’s largest banks is almost sure to cause wide concern. People worry about the safety of their money, which is good, but the real costs may be hidden. Most deposits are perfectly safe, […]

Credit cards are the easiest route to cash in on the frequent flyer miles where there are incentives that may reach beyond 100,000 miles. However, there are also other means to squeeze out the extra value out of credit cards that don’t have anything to do with the loyalty points. For instance, cash back is […]

Because of the CARD Act, credit card issuers are not making as much money as they are used to. As a result, many lenders are toying with the notion of charging cardholders for services that have previously been free. Many analysts claim that ever since the Credit Card Accountability, Responsibility and Disclosure Act went into […]

A new bank is set to launch later this year that will make use of social networking data to determine pricing and product offerings for its customers. MovenBank Corp. Ltd. has sets its sights high. Set to launch later in 2012, it already plans to be the number one mobile banks for the so-called “smartphone […]

There is currently a massive antitrust suit going on against credit card processors Visa and MasterCard and big banks such as JPMorgan Chase, Citigroup and Bank of America that could result in fees amounting to billions of dollars for these companies. The plaintiffs, including retail giants Payless Shoe Source and the National Restaurant Association, are making the claim that big banks colluded to charge higher credit card interchange fees than should be allowed in an open market.

Dwolla is an innovative mobile payment option that allows users to pay for goods and services directly from their bank accounts via their phone without involving a credit card. Right on the heels of its one-year launch anniversary, the popular mobile payment platform Dwolla is announcing a brand new credit product called Instant. Many consumers […]

The recent release of TransUnion’s annual forecast revealed two big bits of news: both credit card delinquency rates and mortgage delinquency rates are expected to remain low throughout 2012. Credit card delinquencies sunk to a 17-year low during the second quarter of this year. According to predictions made by TransUnion, the third-largest credit bureau in […]

Credit card companies are looking to drum up new business among consumers with less-than-stellar credit histories. This is a change from the recent past, during which card issuers focused their attentions only upon individuals with near-perfect credit. After months of making special efforts to court only the most creditworthy consumers, some credit card issuers are […]

One of the hardest things to do is to file a complaint against a card issuer. It is not the process that is time consuming, but the lack of information that makes people frustrated. If you are wary about certain practices adopted by your credit card issuer, the first thing would be to call and […]

Credit card companies can do a lot more to ensure the safety of their consumer’s accounts and their identities. All they need to do is to follow a few simple steps. Consulting firm, Javelin Strategy & Research has stated this after conducting a study. The results of the study were released on Tuesday, where it […]