GE Capital Retail Bank Announces New Agreement to Provide Credit Card Program for Toys“R”Us
GE Capital Retail Bank today announced a definitive multi-year agreement to provide the consumer credit card program in the United States and Puerto Rico for Toys“R”Us, the world’s leading dedicated toy and juvenile products retailer.
Follow-Up: MasterCard Is Killing U.S. Credit Card Magnetic Strips, While Pushing NFC Tech
MasterCard has revealed it's finally pushing the EMV system (aka chip-and-PIN) across its U.S. credit card infrastructure. Developed well over 15 years ago, the technology is ubiquitous in Europe to the extent some card readers have issues with visiting American tourists' old-fashioned plastic. Its main advantage is security, as a PIN is easier to conceal than a fairly copiable signature, and ...
Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank's credit card business in India. The deal, experts said, gives momentum to the sale of stressed loan market in the country which has been having a dry run following stringent regulatory norms introduced in 2007.
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