JCB has announced it has acquired a one-third ownership in EMVCo, LLC, joining MasterCard International and Visa International with each having equal interests in the organization.

Bank of America has announced that its customers spent a record $100 billion on their debit cards for goods and services during 2004. Bank of America, the largest debit card issuer in the country with over 22 million cards issued, is the first financial institution to pass that milestone within any year.

MSN Money's Terry Savage has advice for consumers who are struggling with high levels of revolving credit card debt.

MasterCard reports that it saw an increase of 9.2 percent in transaction volume for the fourth holiday shopping weekend as measured through Saturday evening.