Search results for

Despite the switch from the magnetic stripe credit cards to chip cards last October, the new technology is still not widely adopted. Visa unveiled an upgrade to speed up checkouts but barriers remain.

Mastercard and Visa collect billions of dollars in fees each year from the nation's retailers. Merchants have long complained about the way those fees are determined. A lawsuit accusing Mastercard and Visa of antitrust violations is expected to go to trial in Brooklyn soon.

Economists are saying that October's surprisingly strong job growth will encourage the Federal Reserve to hike interest rates next month. So holiday shoppers may pay more for using credit cards.

Lawmakers on Capitol Hill have sent President Obama a bill that would rein in credit card fees and interest rates, while allowing gun owners to carry concealed weapons in national parks. The Senate passed the measure Tuesday. The House acted on Wednesday.

The upscale retailer isn't yet saying how many customers might be at risk, but it is confirming that a breach of credit card data took place. The company says it learned of "potentially unauthorized payment card activity" before Christmas.

MasterCard International reported Friday that 40 million credit card numbers may have been stolen. Merchants bear the brunt of fraudulent transactions. Credit card companies charge the merchants for the stolen services or merchandise and for additional fees.

With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.

NPR's Mary Louise Kelly speaks with Ted Rossman, industry analyst at CreditCards.com, about whether Apple's new credit card is disrupting the industry.

NPR's Eric Deggans asks Natasha Sarin, former counselor to Treasury Secretary Janet Yellen, about plans to cap credit card interest rates.

Banks are raising their minimum monthly payments in January, a change intended to protect consumers from piling up credit card debts that can last for decades. But the higher minimums, along with interest rates that can be raised for late payments, mean consumers could be facing bigger credit card bills next year.