Payments News

On The Web

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Companies

Synchrony Lost Walmart Card Deal In Battle With Capital One

“Synchrony Financial said its credit-card deal with Walmart Inc. won’t be renewed and will expire next year. The largest issuer of store cards said Thursday that it’s evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards. Capital One Financial Corp.will take over as issuer of the […]
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Companies

Capital One Reports Data Breach Affecting 100 Million Customers, Applicants

“Capital One Financial Corp. , the fifth-largest U.S. credit-card issuer, said Monday that a hacker accessed the personal information of approximately 106 million card customers and applicants, one of the largest-ever data breaches of a large bank. The bulk of the exposed data involves information submitted by customers and small businesses that applied for Capital One […]

On The Wires

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Companies

Capital One and Walmart Reimagine the Retail Credit Card Program

“Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart […]