Credit Cards News. Tag: 'revenue'
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Moneygram Agreement With Wegmans Food Markets
If you don’t know about MoneyGram, it is international worldwide payment company. This company offers its users the best and reliable way to transfer money from one place to another in any part of the world, urgently make bill payments …
Bank Of America Drops Debit Card Fee
In light of the continued outrage from consumers in regard to Bank of America’s plans to charge consumers a $5 monthly fee for using their debit card, the bank have abandoned the plan.
WU Launches New Money Transfer Receive Card
Western Union has launched a new Money Transfer Receive Card to give consumers added convenience when receiving Western Union Money Transfer transactions.
Discover Sees Record Growth This Quarter
Discover Financial Services has posted record growth this quarter as they doubled their earnings from the same quarter last year. Losses also dropped substantially from the previous year.
HSBC Look to Sell Credit Card Portfolio
HSBC Bank announced that they intend to bow out of the credit card industry either by selling their credit card interest in the United States, or phasing it out completely.
Small Banks Face Danger From Swipe Fee Reforms
As the row over interchange, or swipe, fee reform begins to draw to a conclusion, Federal Reserve chairman Ben Bernake fears, during his recent testimony to the Senate, that new regulations will have a damaging effect on smaller banks and …
Chase Supports Small Business Week 2011
Small Business Week ran from May 16 to 20, 2011 and as part of their commitment to lend $12 billion to small businesses this year, Chase Credit Cards offered a cash bonus to small business owners if they opened an …
Rite Aid Offers Plastic Paychecks
Drugstore giant Rite Aid has announced plans to offer their 91,000 employees the opportunity to receive paychecks in the form of prepaid debit cards.
Visa 1st Quarter Profits Beat Expectations
Visa has announced 1st quarter profits which have increased 24%, a much more significant increase than experts had predicted for the credit card industry giants.
Visa Will Be Harder Hit By Swipe Fee Cap
The past 2 years have been hard for the credit card industry as a whole. Consumers stopped spending and default rates climbed eating into profits at a time when new federal regulations placed heavy restrictions on credit card lending.
JP Morgan Chase Reports Profit Increase
Only in the credit card industry could a company change from losing money to reporting a 67% profit increase in under a year. That is what JP Morgan Chase and Company has reported as a result of their high performing …
Kohls Transfer Cards To Capital One
Tuesday, Kohl’s Department Store announced that the transfer of their store brand credit card accounts to Capital One Financial Corp. had been completed as of April 1, 2011.
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