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Commentary

American Express Becomes A Bank Seeks Bailout Money

By David Morrison

NEW YORK -- American Express has sought and received Federal approval to become a bank holding company and has reportedly sought $3.5 billion in bailout money from the Treasury, according to the company and press reports.

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Commentary

U.K. Survey Finds Children A Significant Source of Card Fraud

Commentary

Latest Revisions To PCI Released

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Payments/Credit/Debit Stories

November 10, 2008

American Express Eligible for Federal Bailout Funds

WASHINGTON - Financial services giant American Express won approval from the Federal Reserve to become a bank holding company.

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November 10, 2008

Credit Union 24 Surcharge Free Grows Overseas

TALLAHASEE, Fla.-- An international ATM expansion has helped Credit Union 24 enlarge its surcharge-free ATM network by 2,500 locations overseas, the credit union owned network announced.

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November 07, 2008

Consumer Downturn Might Signal Lower Interchange

ARLINGTON, Va. -- Although data from the first half of the year appears to show card interchange was steady to growing, retail sales data suggests it may not hold up through the end of this year and into next.

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November 07, 2008

Consumer Downturn Might Signal Lower Interchange

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November 06, 2008

Teres Launches New Lending Module

AUSTIN, Texas -- Teres Solutions has added a new module to its lineup of direct and indirect lending software aimed at linking credit unions to merchants.

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November 06, 2008

Teres Launches New Lending Module

AUSTIN, Texas -- Teres Solutions has added a new module to its lineup of direct and indirect lending software aimed at linking credit unions to merchants.

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November 06, 2008

Bank Credit Card Offerings Continue Their Decline

CHICAGO -- The number of credit card offers banks send to consumers in direct mail have continued to fall, according to a research firm which tracks card offering data.

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