Credit Card News

Credit Card News

More credit card transactions seen in February

by on March 14, 2012

Visa and MasterCard, in separate announcements, announced that they had processed a greater number of transactions on a year-over-year basis in February, as consumers continued to use their credit cards more often to complete purchases, according to a report from Dow Jones Newswires.

New iPhone case aims to be digital wallet stand-in

by on March 13, 2012

The new Geode case for iPhone from startup iCache is designed to serve as a kind of stand-in for the NFC technology the popular device currently lacks, according to a report from Tech Crunch. It does so not by being embedded with the NFC gear itself, but rather by circumventing the need for it rather ingeniously.

Consumers reduce credit card debt, take on more loans

by on March 12, 2012

The total amount of consumer credit taken on by Americans increased significantly in the month of January even as borrowers made concerted efforts to slash the amount they owed on their credit cards, according to the latest statistics on consumer credit released monthly by the Federal Reserve Board. In all, consumer credit rose 8.6 percent to a nationwide total of more than $2.51 trillion, up from December's total of more than $2.49 trillion.

Widespread adoption of mobile payments could be right around the corner

by on March 11, 2012

Major corporations are now making significant efforts to simultaneously develop, promote and incentivize consumer adoption of mobile payment systems and digital wallet programs and that will likely pay off within the next few years, according to a report from Computer World. Millions of consumers across the country already have smartphones, and research indicates many already use these devices to guide their in-store purchasing decisions, and thus, experts believe digital wallet adoption cannot be far behind.

Crowd-sourced credit card with lower rates on the way

by on March 7, 2012

A new type of account from MasterCard and Barclaycard US may help consumers looking for high-quality credit card offerings as long as they're willing to join an online community, according to a report from ZD Net. The new account, known as Barclaycard Ring, will essentially allow consumers to join a social network that allows the community to have a voice in negotiating all kinds of terms related to the associated credit card. The card is expected to be launched more broadly in the spring.

USAA named top-rated credit card issuer for customer experience

by on March 7, 2012

USAA was tabbed as having the best customer experience of all 10 of the largest card issuers in the U.S., according to the 2012 Temkin Experience Ratings issued by the Temkin Group. The study looked at 206 major companies in 18 industries, including lenders like American Express, Bank of America, Capital One, Chase, Citigroup, Discover, HSBC, U.S. Bank and Wells Fargo.

Card issuers' websites becoming more consumer friendly

by on March 7, 2012

Information from the research firm Keynote recently revealed that a number of the nation's top eight lenders - US Bank, Discover, Citi and PNC Card - have websites that are easy for consumers to understand and use when seeking information about credit card accounts, according to a report from Bank Technology News. The study examined user experiences for the websites of the nation's largest lenders, which also include American Express, Bank of America, Capital One and Chase.

Mobile wallet apps becoming more readily available

by on March 2, 2012

In an effort to capitalize on what's expected to become a very lucrative industry in the near future, a large number of businesses are working to develop smartphone applications that will work with various mobile credit card payment systems, according to a report from the San Francisco Chronicle.

Study finds consumers' credit card debt down

by on February 29, 2012

Of the 100 metropolitan areas with the highest card balances as a percentage of annual income, nearly 60 percent saw significant declines in those debts over the course of 2011, according to new data from the credit reporting bureau Equifax. In all, the states with the most cities that saw these declines were Florida, Louisiana, California and Washington, where the recent economic downturn hit particularly hard. Florida led the way with five cities seeing the most significant declines.

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