Credit card Archives - CFO

Consumers Boost Citigroup’s Second-Quarter Performance

Consumers Boost Citigroup’s Second-Quarter Performance

The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.

By Vincent Ryan | July 15, 2019

Walmart Files Suit Against Synchrony Financial

Walmart Files Suit Against Synchrony Financial

The retail giant is seeking $800 million in damages from its former private-label credit card partner.

By William Sprouse | November 5, 2018

Amex, Amazon Rolling Out Small-Biz Credit Card

Amex, Amazon Rolling Out Small-Biz Credit Card

Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.

By William Sprouse | October 23, 2018

SEC Says Centra Tech ICO Was a $32M Fraud

Risk & Compliance

SEC Says Centra Tech ICO Was a $32M Fraud

The startup's co-founders spun a "web of lies" to deceive investors into participating in its initial coin offering, according to an SEC lawsuit.

By Matthew Heller | April 4, 2018

Banks Losing More to Synthetic ID Fraudsters

Risk & Compliance

Banks Losing More to Synthetic ID Fraudsters

A TransUnion report finds outstanding suspected synthetic fraud balances on credit cards rose 5.2% in the fourth quarter of 2017 to $290 million.

By Matthew Heller | March 9, 2018

Household Debt Continues Slow Climb

Household Debt Continues Slow Climb

U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.

By Vincent Ryan | August 10, 2016

Synchrony Loss Warning Jars Market

Synchrony Loss Warning Jars Market

Is a new round of consumer credit losses on the way for financial institutions?

By Matthew Heller | June 15, 2016

Only 37% of Retailers Equipped for Chip Cards

Only 37% of Retailers Equipped for Chip Cards

The slow pace of implementing the EMV credit and debit card technology leaves merchants open to liability for fraudulent transactions.

By Matthew Heller | March 1, 2016

American Express to Slash $1B in Expenses

Operating Expenses

American Express to Slash $1B in Expenses

The company is combining its banking, risk, and legal organizations into a single group and appointing a new chief risk officer.

By Katie Kuehner-Hebert | February 18, 2016

Access to Capital High But Demand is Wavering

Growth Companies

Access to Capital High But Demand is Wavering

Small and midsize businesses successfully secured capital this quarter but their demand for funding fell.

By Katie Kuehner-Hebert | December 17, 2015

New Chip Cards Have Security Flaw, Retailers Say

New Chip Cards Have Security Flaw, Retailers Say

Merchants worry that the chip ‘n’ signature cards being distributed in the U.S. by banks and other issuers are less secure than chip 'n' pin.

By Katie Kuehner-Hebert | September 30, 2015

Special Report: The Payments Revolution

Special Report: The Payments Revolution

Mobile payments, virtual credit cards, a faster ACH system, bitcoin — new payments technologies have CFOs re-evaluating their strategies.

By Vincent Ryan | May 13, 2015

Businesses Still Lax Over Payment Card Security

Businesses Still Lax Over Payment Card Security

Retailers and merchants still have a lot of work to do to stay compliant with international payment data security standards.

By Matthew Heller | March 11, 2015

Fraudsters Infiltrating Apple Pay Verification Process

Fraudsters Infiltrating Apple Pay Verification Process

Fraudsters are posing as legitimate customers of a bank asking for permission to use a card issued by that bank in Apple Pay.

By Katie Kuehner-Hebert | March 4, 2015

Women-Owned Businesses Are Greater Credit Risk

Women-Owned Businesses Are Greater Credit Risk

Women are more likely to have to put their personal credit at risk and they have less access to trade credit than male business owners, says Experian.

By Vincent Ryan | February 24, 2015