Search results for

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.

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.

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.

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

Shoppers are heading into the heavy-spending season with no new credit safeguards in place. Experts say it'll be at least another year before the U.S. system moves beyond technology from the 1970s.

Lawyers for some of the nation's largest retailers say Visa and MasterCard illegally thwarted for years the growth of debit-card networks, The Wall Street Journal reports. The allegations stem from recently unsealed court documents from a class-action suit that includes Wal-Mart and Sears. NPR's Jim Zarroli reports.

Andee Tagle from NPR's Life Kit podcast reports on the best way to accumulate credit card points and put them to good use.

Traffic at stores also declined following a security breach that may have exposed the credit card information of 40 million customers.

To put that in perspective, $1 trillion in bills end to end would stretch past the sun from Earth.

The bank also reported a $5 billion profit, despite a series of costly settlements with the U.S. government.