Credit Cards | featured news

Discover makes headway in bringing eBay's online-payments service to physical retailers, but First Data, one of the country's largest merchant processors, has opted not to support the service.

Discover Financial Services is adding checking accounts to its array of financial-services products as the credit-card lender continues to build out its online bank.

Charge a fee to use your credit card? It’s legal for merchants to do that, unless barred by state law. Charge a fee to use your credit card? It’s legal for merchants to do that, unless barred by state law. Ten states already ban such surcharges – California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas – and more may join the list.

Starting Sunday, paying by credit card could get more expensive. Under the terms of a $7.2 billion settlement reached last summer between credit card companies and merchants, merchants will be free to impose a surcharge on customers paying by credit card.

American Express Co. says it will slash roughly 5,400 jobs, mainly in its travel business, and book a $287 million restructuring charge.

South Carolina Governer Nikki Haley announced Friday that, “This is not a good day for South Carolina.” The bad news was having to admit a massive security breach in the State’s Department of Revenue that resulted in the theft of 3.6 million social security numbers and 387,000 credit/debit card numbers (only 16,000 of which, it is believed, were unencrypted,) This incident affects more than three-quarters of South Carolina’s 4.6 million population.

My husband and I recently refinanced our mortgage, and the bank sent us our credit scores during the process. Both scores were good, but my husband’s was 30 points higher than mine. This puzzled me, because we share the same spending and bill-payment practices.

Americans are carrying more credit card debt than a year ago, yet the late-payment rate for card holders remains near an 18-year low, an analysis of consumer-credit data shows....

The Consumer Financial Protection Bureau delivered its first enforcement action against the financial industry, fining Capital One for pressuring and misleading more than two million credit card customers.

Visa, MasterCard and major banks have agreed to pay $7.3 billion to millions of merchants to end a dispute over card fees.