visa

When bankers come up with a new wonder product, it's rarely good news for consumers. JPMorgan Chase's new "Liquid" card is no exception. This reloadable debit card for the poor is loaded with fees.

MasterCard and Visa said Friday that they had notified issuers of its credit cards of a potential breach of the security of customer accounts. Visa blamed a third company for the error.

Visa said Wednesday that its fiscal first-quarter profit rose 16 percent, as card use rose both in the U.S. and overseas. The San Francisco-based payments processor posted a notable 10 percent increase in U.S. credit card use. But debit card use rose just 6 percent. That's the slowest debit card growth rate in more than a year, and comes during the first three-month period that new rules were in place to limit the fees retailers pay to accept the cards.

Sometimes it pays to wait; sometimes it doesn't. Just ask the roughly 10 million cardholders who were part of the Foreign Currency Conversion Fee Antitrust class action lawsuit settlement. After a decade of legal wrangling, the settlement funds are finally being disbursed -- but a suit this large can dilute even $336 million.

Google's (GOOG) Wallet is getting thicker. The company is adding Visa, American Express and Discover to its payment system, which aims to make cellphones the credit cards of tomorrow. Google Inc. on Monday said it has licensed the right to add virtual "cards" from the three payment networks to its...

If you've been racking up credit card rewards, summer is the perfect time to use them. In fact, a new survey suggests that more Americans plan to do just that -- cashing in their credit card rewards as a money-savvy way to enjoy everything from quick weekend getaways to extended overseas vacations -- during the summer months.

The volume of card purchases made on Visa branded products globally has risen from around $2.1 trillion in 2006 to $3.1 trillion in 2010, and with strong first-quarter earnings, further growth in payment volume, and a strong foothold in the mobile transaction business, Trefis expects healthy growth ahead.

Although many of us get our paychecks direct-deposited into our bank accounts and pay for many daily expenses with the swipe of a debit or credit card, there's one aspect where commercial activity is several decades behind: person-to-person transactions. So if you ask a colleague to grab you lunch...

During the battle over Credit CARD Act, much talk focused on what the legislation would -- and wouldn't -- do. A year after the law rolled out, what's the word now? Here's an on-the-ground look at how card issuers and consumers are adapting to the new landscape.

Credit card companies are seeking to delay enforcement of lower limits on so-called "swipe fees." If successful, the postponement will cost customers and retailers more than $1 billion a month.