Payments/Credit/Debit

In a move which some have criticized as too little, too late and self-serving, the American Bankers Association has rolled out a guide that it hopes will help consumers better understand their credit cards and better evaluate credit card offers.

Fidelity National Information Services faces a lawsuit stemming from a data breach that was alleged to have been caused by a former employee in its Certegy check verification division.

Credit unions seeking to market their credit cards more effectively to their entrepreneurial members or credit card issuers looking for a competitive boost for the small business cards should consider offering one with a cash back and/or gasoline discount reward structure.

MasterCard has announced that New York City taxis are accepting MasterCard's contactless cards beginning this month.

TNB Card Services, the credit card processing arm of credit union-owned Town North Bank, has looked to a major bank for its latest executive. The organization, announced it has hired Phil Davis, most recently a senior vice president with Citigroup's Credit Services Division, as senior vice president with TNB.

A survey by the American Bankers Association has found that 65% of consumers spend $3 or less in monthly fees for bank services such as checking account maintenance and ATM access.