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Barclays today reported pretax profit of £2.6 billion for the three months to the end of March

Barclays first quarter profit beats expectations

Barclays has reported better than expected first-quarter profit of £2.6 billion after a strong performance at its credit card business offset pressure on other profit engines, including investment banking.

Business • 27 Apr 23

Point of sale spending in-store accounted for 52% of spending during November

Debit and credit card spending rose 9% in November

There was a 9% increase in debit and credit card spending in November compared to the previous month as consumers began preparing for Christmas, according to the latest data from the Central Bank.

Business • 06 Jan 23

The decline was driven by a fall in spending on services, while spending in the retail sector increased.

Credit and debit card spending drops in October

Spending on debit and credit cards fell in October, according to figures published by the Central Bank.

Business • 30 Nov 22

Savings increased by €14.9 billion in April, or 12.9%, new Central Bank figures show

Consumers still saving more and borrowing less

Households are continuing to save more and borrow less, according to the latest Money and Banking Statistics from the Central Bank.

Business • 31 May 21

New figures from the Central Bank show that spending was down 10% in January compared to the same time last year

Bank card spending falls sharply during latest lockdown

Spending on debit and credit cards tumbled by 33% month on month in January when the economy returned to a strict lockdown following a brief reopening of most sectors in December, new Central Bank figures show today.

Business • 25 Feb 21

ATM withdrawals are down 31% compared to last year, new Central Bank figures show

Credit card spending up, but ATM usage lower than 2019

Spending on credit and debit cards has continued to rise in August and is now above the daily average during August of last year, new figures from the Central Bank show.

Business • 31 Aug 20

Debit cards make up the vast majority of cards in issue in Ireland - and accounted for almost 85% of all spending

Card spending continued to rise in second quarter

Almost €19 billion was spent on Irish credit and debit cards between April and June, according to the Central Bank.

Business • 21 Aug 19

A credit card can be a high-interest burden or a free loan - it all depends on how you use it

Making your credit card work for you

Credit cards can have a bad reputation as a symbol of financial irresponsibility, but they can be an asset if used correctly.

Business • 07 Aug 18

People spent €3.6 billion in store in December using their debit card

Debit cards used three times more than credit cards

Consumers are using debit cards more and more for purchases, according to the Central Bank, with in-store and online transactions rising again in December.

Business • 16 Feb 18

Visa, the world's largest payments network operator, today announced a $5 billion share buyback programme.

Visa's quarterly profit boosted by Europe unit

Visa has reported better-than-expected quarterly earnings and said it expects full-year profit at the high end of its forecast.

Business • 21 Apr 17

Lloyds said MBNA would be a 'good fit' with the bank's current credit card business.

Lloyds buys MBNA in £1.9 billion deal

Lloyds Banking Group has bought consumer credit card business MBNA from Bank of America in a £1.9 billion deal.

Business • 20 Dec 16

An increased number of debit cards in issue helped boost the level of transactions

Value of card-based transactions rise

Almost €3.73 billion worth of transactions were made on Irish debit cards in February, according to figures from the Central Bank.

Business • 06 Apr 16

The majority of debit card expenditure takes place in the retail sector, with transactions valued at over €1.1bn in October

Debit card spending continues to rise

Monthly point-of-sale (POS) debit card spending in Ireland has been more than two and a half times higher than credit card spending this year, according to data from the Central Bank.

Business • 18 Dec 15

Visa is the world's largest credit and debit card company

Visa to buy Visa Europe in deal worth €21 billion

Visa said today it would buy former subsidiary Visa Europe in a deal valued at up to €21.2 billion.

Business • 02 Nov 15

The credit card protection insurance policies were provided by Homecare Insurance

160,000 credit card customers mis-sold insurance

Over 160,000 people who were mis-sold credit card protection insurance are in line for an average payout of €100-€200 payout from a new scheme established by the Central Bank.

Business • 12 May 15

3V specialises in temporary Visa cards that can be topped up like a mobile phone

Disposible credit card firm 3V acquired for €14.5m

Irish card payment firm 3V has been acquired by Britain’s SafeCharge for €14.5m.

Business • 23 Dec 14

Credit card fees will be capped at 0.3% of the transaction value, while debit cards will have a fee cap of 0.2% under the proposals

EU states agree to cap card transaction fees

European governments have agreed to cap the fees retailers pay to process debit and credit card transactions.

Business • 18 Dec 14

GE credit card unit files to go public

General Electric's credit card unit today filed for an initial public offering, the first step in its planned exit from the retail finance business.

Business • 13 Mar 14

The breach includes names, mailing addresses, phone numbers or email addresses for up to 70 million people, Target said

Data breach at US retailer affected 70m customers

Giant US retailer Target has said its recent data breach affected about 70 million customers, more than it initially estimated, and that the hacking incident had hit December sales.

Business • 10 Jan 14

Payment processing fees are a major source of revenue for financial institutions

Europe to propose cap on card transaction fees

The European Commission will propose capping the fees that banks charge to process card payments, imposing a limit of 0.2% on debit card transactions and 0.3% on credit cards, according to draft legislation seen by Reuters.

Business • 18 Jul 13

Jonathan Irwin says the charity received fraudulent donations as high as €19,000

Charity targeted by credit card fraudsters

The founder of the Jack and Jill Foundation has warned that his charity is being exploited by credit card fraudsters.

News • 21 May 13

€1 in every €7 of consumer spending in Ireland is now on a Visa card

Visa sees 43% increase in credit and debit cards

New figures released by Visa show a 17% rise in spending on its various cards by Irish consumers in the past year to reach a record €15.5 billion.

Business • 15 Jan 13

BoI public interest directors ''promoted change''

Public interest directors in Bank of Ireland do not report directly to the Minister for Finance, his department or the Central Bank, politicians have been told.

News • 20 Dec 12

Bank of Ireland to hike credit card interest rates

Bank of Ireland has imposed an interest rate increase on its credit cards.

Business • 19 Dec 12

Credit and debit card fraud increases by 24%

There has been a 24% increase in the level of credit and debit card fraud in the last year.

News • 23 May 12

Credit Card