Marketing

A new survey indicates sharply higher popularity for gift cards. According to the survey, an estimated 97 million Americans, or 45% of the adult population, bought a gift card in the last 12 months, twice the number who bought one in 2002. The 2003 survey, which was conducted in August …

Shrugging off what it called a “challenging” year that included a $2 billion legal settlement with retailers, Visa USA reported this morning strong gains in transaction volume on its credit and debit card business for the third quarter. Total volume grew almost 13% to $285.8 billion, leading president and chief …

After an acrimonious summer in which TCF Financial Corp. first complained about the costly Visa/MasterCard settlement in the Wal-Mart case, and then complained even more bitterly when Visa threatened to levy a penalty on TCF if it switched debit brands, the Minneapolis-based bank has come to terms with Visa and …