The enforcement of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act in the US has spurred issuers to educate consumers about the legislation’s impact on their finances.
Chinese New Year boosts CUP transactions
Payment card spending on China UnionPay (CUP) cards showed a year-on-year increase of nearly 50 percent during the recent Chinese New Year festival.
PayPal offers payment option on Facebook
Key parts of Facebook’s advertising and developer systems will offer the payment option of PayPal as part of a strategic relationship between the two players.
Visa Inc. recruits leading figure at GSMA
Visa Inc. has appointed Bill Gajda, currently chief commercial officer at the GSMA, to head up its mobile financial services strategy.
US credit card balances fall in Q4 2009
Average credit card delinquency rates in the US rose in Q4 2009, but the amount of credit card debt fell, according to credit reference agency TransUnion.
Mi-Pay raises $4.6 million investment
Mi-Pay, a specialist in mobile money transfer solutions, has attracted an investment of £3 million ($4.6 million) from investment company Octopus Ventures.
CostCo launches Amex card
Discount wholesale retailer Costco has launched the TrueEarnings Card, a no-fee credit card, in partnership with American Express Canada.
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