Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants over interchange fees.

Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.

X is teaming up with Visa to soon offer a system for real-time payments on the social media platform.

The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market.

A new national divide is emerging among states over whether to track sales by gun stores.

Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending.

Visa has announced major changes to how its credit and debit cards will operate in the U.S. Features in the works will lead to Americans to carry fewer physical cards in their wallets and make the 16-digit credit or debit card number printed on every physical card increasingly irrelevant.

A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard.

Visa and Mastercard have announced a major settlement with U.S. merchants, potentially ending nearly two decades of litigation between merchants and the major payment companies over credit card fees.

Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.

With interest rates rising, the cost of borrowing is going up.

A group of Republican attorneys general are pushing the major payment networks _ Visa, Mastercard and American Express _ to drop their plans to start tracking sales at gun stores, arguing the plans could infringe on consumer privacy and push legal gun sales out of the mainstream financial network.

Payment processing giant Visa’s profits rose 21% in the first three months of the year fueled by a large jump in spending on the company’s namesake credit and debit card network.

Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation.

Leading Russian banks are looking into issuing cards that operate on a Chinese payment system after Visa and Mastercard said they would cut their services in Russia over the invasion of Ukraine.

Mastercard and Visa are suspending their operations in Russia.

Visa says it will lower its credit card “swipe” fees for online and in-store transactions by 10% for small businesses starting in April.

Visa’s fiscal first-quarter profits rose 27%, as improving economies worldwide as well as more people using digital payments helped lift the company’s fortunes.

Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom.

Two separate United Way grants have gone to Jewish Family Services and Samaritas.

The head of Visa says he believes the pandemic caused a permanent shift of how consumers choose to pay for goods and services away from cash and into payments.

Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees.

Amazon says it will stop accepting Visa credit cards issued in the United Kingdom because of a dispute over fees.

Knight-Wallace alum and former New York Times journalist Jawad Sukhanyar narrowly escaped Kabul to return to Ann Arbor.

Live In The D’s We Love Our Teachers Contest

The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession.

U.S. consumer borrowing surged by a larger-than-expected $35.3 billion in May as Americans, bolstered by a reopening economy and rising job levels, went back to using credit in a big way.

Washtenaw County residents could win $100 Visa gift cards after telling WCCD about their natural resource or environmental concerns.

Visa is under investigation by the Department of Justice's antitrust division over whether the company pushes merchants into more expensive forms of debit card payments, The Wall Street Journal reported Friday, March 19, 2021. The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited anonymous sources. The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited anonymous sources. However debit card fees are strictly regulated after Congress passed the Dodd Frank Act following the 2008 financial crisis, in what's known as the Durbin amendment. AdMerchants are supposed to be given the option to run debit card transactions on lower-cost networks instead of running it on Visa's or Mastercard's network.

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. The Federal Reserve reported Friday, March 5, 2021 that consumer borrowing fell by $1.3 billion in January, the first setback since a $9 billion decline in August. The Federal Reserve reported Friday that consumer borrowing fell by $1.3 billion in January, the first setback since a $9 billion decline in August. The weakness came from a $9.9 billion decline in borrowing in the category that covers credit cards. AdThe drop in borrowing in January meant total consumer credit in the Fed report dipped by 0.4% to $4.18 trillion.

This photo provided by Hyundai Motor America shows Olabasi Boyle. Olabisi Boyle, vice president of product planning and mobility strategy at Hyundai Motor North America, has seen plenty of change during her decades in the industry. (Hagop Istanboulian/Hyundai Motor America via AP)Olabisi Boyle, vice president of product planning and mobility strategy at Hyundai Motor North America, has seen plenty of change during her decades in the industry. A: There’s what we like to call “urban air mobility vehicles" instead of flying cars. Where it gets into the urban mobility and how they interact is we want to have, going into the future, multi-modal solutions for people.

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. U.S. consumers increased their borrowing in December 2020 by $9.7 billion, as Americans took out loans to buy autos or finance their educations. (AP Photo/Jenny Kane, File)WASHINGTON – U.S. consumers increased their borrowing in December by $9.7 billion, as Americans took out loans to buy autos or finance their educations. The slowdown came as the category that includes credit cards fell by $2.95 billion in December. The report showed that borrowing in the category that covers auto and student loans rose by $12.7 billion in December, slightly lower than the $14.6 billion gain in November.

The coronavirus pandemic hasnt stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this year. “The stimulus and unemployment benefits have definitely helped the lower end of (credit card borrowers),” said Sanjay Sakhrani, an analyst at investment bank Keefe, Bruyette & Woods. In some ways, what’s going on in the credit card market also reflects the diverging fortunes of those impacted by the pandemic. Credit card executives have for months been bracing for the impact on their customers if there is no new aid. “As a result, we do remain cautious about the potential for future shocks to the economy.”One point of uncertainty is how banks are reporting their credit card loans.

COMMERCE TOWNSHIP, Mich. – A Mexican man currently living in Dearborn on a work Visa was arrested in connection with an Oakland County criminal sexual conduct case while trying to take flights from Chicago to Dallas to Mexico, according to authorities. The Oakland County Prosecutor’s Office issued a third-degree criminal sexual conduct warrant against Paul Oscar-Cuevas Alvarado, 28, of Saltillo, Mexico, on Tuesday, police said. Alvarado is currently on a work Visa and living in Dearborn, police said. Detectives in Commerce Township named Alvarado as a suspect in a criminal sexual conduct case from October. Alvarado is being held in Chicago pending extradition to Oakland County, officials said.

AUBURN HILLS, Mich. - Auburn Hills police are searching for a man suspected of using a stolen credit card to buy $3,000 worth of Visa gift cards. Authorities said the credit card was stolen from a man's vehicle at the Great Lakes Crossing mall. The man in the pictures above used the card Aug. 30 to buy $3,000 worth of Visa gift cards at the Kroger located at 3097 Baldwin Road in Orion Township, according to officials. Anyone who recognizes the man is asked to call Auburn Hills police at 248-364-6878. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.