Quantcast
Amex Unlikely to Blink in Antitrust Talks with DOJ
Change is coming to the credit card industry following the government's recent antitrust victory against American Express, but the next few weeks could determine how deep the changes are — and who wins and loses.
Images: Bloomberg News
  more »
Image: ShutterStock
Opponents of Visa Inc.'s and MasterCard Inc.'s $5.7 billion settlement with merchants over fees want access to documents that may have been disclosed to a lawyer facing federal charges in a fraud scheme unrelated to the credit-card litigation. more »
Image: Bloomberg News
American Express Co., the lender that lost one of its biggest retailer partnerships and suffered a defeat in an antitrust lawsuit this month, is raising interest rates on a swath of credit cards for the first time in more than five years. more »
Image: ShutterStock
When it comes to mobile banking technology firm Digital Insight's new replacement for passwords, the "eyes" have it. more »
Image: iStock
BBVA Compass is planning to issue a new credit card in partnership with American Express and the National Basketball Association. more »
Images: Bloomberg News
"Amex is nothing if not resourceful," said Kenneth Chenault, chairman and CEO of American Express.
American Express will certainly suffer when its 16-year cobranding deal with Costco ends in 2016, but its executives will spend the next year building up the card brand's digital payment products to create enough opportunities to ease the company's short-term pain and guarantee its long-term health. more »
Images: Bloomberg News
American Express Co., the biggest U.S. credit-card issuer by customer purchases, said its co-brand and merchant agreements with Costco Wholesale Corp. in U.S. stores will end next year. more »
Image: Thinkstock
PayItSimple USA Inc., which enables installment payments for merchants and consumers, has integrated with online payment processor Stripe. more »
Image: iStock
National Recovery Solutions, a Lockport, N.Y.-based accounts receivable company, has increased online payments by 25% and reduced delinquencies by 40% in less than a year by adding a Virtual Negotiator to its debt collection team. more »
A frame from Discover's Super Bowl ad, which prominently features a customer's smartphone without hinting at the company's plans for Apple Pay.
Discover, the only major U.S. card brand not connected to Apple Pay, is thus one of the few major credit card issuers not shoehorning Apple into its ads. But Discover has never been one to ignore a marketing opportunity. more »
Image: ShutterStock
A federal judge has upheld a Texas law that bars the state's retailers from charging an additional fee to customers who pay with a credit card. more »
Image: Thinkstock
The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business. more »
Image: ShutterStock
Payment technology provider Adyen is establishing Bitcoin as a payment option for consumers playing online games from U.K.-based Jagex. more »
Already a subscriber? Log in here
Please note you must now log in with your email address and password.