Smaller institutions now getting more active in credit card lending

These days, many financial institutions are more eager to begin issuing new credit cards to consumers who can handle them properly, and among that group is smaller banks, which have largely stayed on the sidelines until recently. Credit card lending from well-known but smaller regional banks is on the rise for a number of reasons, […]

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Consumers once again more satisfied with credit cards

While many Americans' attitudes toward their credit cards and associated lenders have changed significantly since the recession, it seems that many remain satisfied with their situations. Despite increased fees and tighter lending restrictions, consumers are once again happier about their credit cards and lenders for the third consecutive year, according to the latest U.S. Credit […]

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More changes come to mobile payments industry

The mobile payments industry is one that changes rapidly, and two recent announcements might fundamentally alter the way in which two separate kinds of transaction are handled. The first announcement comes from the popular national chain Dunkin' Donuts, which recently launched a new smartphone application that allows users to pay using their mobile device as […]

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Credit card revolution about more than just new payment methods

In the past, the way in which credit card payment processors made money was by charging transaction fees for every purchase they handled, but that may change in the near future. There has been a substantial shift between the old techniques for generating money from card transactions and the way new payment processors are charging […]

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More credit card payments coming in on time

Millions of consumers fundamentally changed their credit card borrowing habits during and in the wake of the recent economic downturn, and lenders have been reaping the rewards for more than a year. That trend continued in July. Instances of delinquency and default continued to tumble again last month, just days after the credit bureau TransUnion […]

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Could new credit card settlement change rewards cards?

A recent settlement reached between retail groups and the nation's largest payment processors could have a significant impact on a number of issues related to how consumers spend on these accounts, and that could include rewards programs. Some analysts expressed fears that the settlement, which was reached over the ways merchants are charged transaction fees […]

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Small businesses fastest to adopt mobile payments

Many companies in a variety of industries are now trying to push a new kind of credit card payment system, and one major early adopter for these programs seems to be small businesses. Mobile wallet credit card payment systems are believed to be the next big thing in consumer preference when shopping, and thousands of […]

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Merchants still upset over card processing settlement

A recent settlement between the world's two largest payment processors and American retail groups was initially seen as a boon for the latter group, but now many are worried about just what the deal might mean. Visa and MasterCard will pay some $7.25 billion in both payouts and concessions at some point in the near […]

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Senators seek medical debt reporting overhaul from CFPB

A group of lawmakers are once again asking the federal agency tasked with protecting consumers' finances to expand its purview and investigate a certain type of debt reporting. U.S. Senators Jeff Merkley of Oregon, Charles Schumer of New York, Robert Menendez of New Jersey and Sherrod Brown of Ohio, all Democrats, recently asked the Consumer […]

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Apple files possible new mobile wallet patent

One of the biggest names in tech — the maker of one of the most popular smartphones in the world — recently filed a patent that may suggest its future mobile wallet plans. Apple's latest patent filing with the federal government is for a new app that, theoretically, would not only use near-field communications to […]

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