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GE Consumer Finance

Welcome to the News View for "GE Consumer Finance".

Here, on these archive pages, you'll find all of the articles on Payments News for GE Consumer Finance listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 04, 2014

Headline News from - April 4, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

March 13, 2014

Headline News from - March 13, 2014

On the Web:

  • Introducing Xapo - Xapo Blog - "At Xapo, we understand that Bitcoin’s ultimate success will be based on trust – both in the currency itself and in the industry’s security and service providers."
  • Building the Fort Knox for Bitcoin - wall St. Journal - "A Silicon Valley startup called Xapo is among a handful of young companies trying to become the Fort Knox of bitcoin, building secret bank vaults deep in the earth that would safely store millions of dollars worth of bitcoin code on computer drives."
  • New York BitLicense Order - Virtual Currency Report - "While the latest NYDFS statements leave a lot of unanswered questions and do not provide a clear path forward for virtual currency firms, it appears on balance to be a step forward for those virtual currency exchanges seeking licensure in New York."
  • Missed Alarms and 40 Million Stolen Credit Card Numbers: How Target Blew It - Bloomberg BusinessWeek - "The biggest retail hack in U.S. history wasn’t particularly inventive, nor did it appear destined for success."
  • What is Apple’s commerce and payments strategy? - Mobile Commerce Daily (Tim Dunn) - "The stars are aligning for Apple to make a dynamic move into the commerce and payments space."
  • Bank of England: Digital Currencies are Similar to Commodities - CoinDesk - "“Digital currencies are not at present widely used as a medium of exchange. Instead, their popularity largely derives from their ability to serve as an asset class..."
  • Flypay Raises £1M To Make Settling Your Restaurant Bill “Waiter-Free” - TechCrunch - "Aiming to get the time it takes to ask for and settle a restaurant bill down from an average of ten minutes to closer to a minute, you simply scan an on-table QR code/NFC tag to first recall the bill."
  • How Real Is Loyalty and Rewards Fraud? - "The threat of fraud to rewards programs is real, and financial institutions and retailers must be cautioned about relaxing their guards just because a surge in fraud has yet to occur."

On the Wires:

Updates from Glenbrook:

January 14, 2014

Headline News from - January 14, 2014

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January 13, 2014

Headline News from - January 13, 2014

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December 11, 2013

Headline News from - December 11, 2013

On the web:

  • Evenly Joins Square - Square Engineering Blog - "Evenly’s app made it easy for anyone to send or collect payments from friends, anywhere, anytime."
  • PayPal Looks Ahead: Six Predictions for 2014 - PayPal Forward Blog (David Marcus) - "My job at PayPal gives me a unique opportunity to work with peers and strategize with partners across many industries about solving real problems and delivering exciting new experiences for consumers and retailers. That leads to a pretty privileged view into what’s coming next." PayPal Increases Mobile Investment as Smartphones Replace Cash - BusinessWeek - “It’s going to take years,” for mobile technology to become the main way to pay, Marcus said. “But we’re in it for the long run.”
  • Everything you need to know about the Volcker Rule - Guardian - "A rule to keep banks from gambling with their customers' money may finally be realised after years of resistance from Wall Street..."
  • First Mover Australians: Turning Mobile into Contactless Payments - MasterCard Blog - "To borrow a phrase from the CommBank blog, Australians can’t get enough of contactless payments. The country is the number one MasterCard PayPass market in the world..."
  • iBeacon Pioneers Estimote Raise $3.1M Seed Round - TechCrunch - “We are shipping thousands of beacons per week and more than 10,000 developers around the world are already experimenting with Estimote beacons in contextual computing applications.”
  • JPMorgan files patent for Bitcoin-style payment system - - "Like Bitcoin, JPMorgan’s proposed system would allow people to make anonymous, electronic payments over the internet..."
  • For Bitcoin, Square Peg Meets Round Hole Under the Law - New York Times - "The development of Bitcoin, the virtual currency that is not issued by any government, presents challenges for the authorities to use laws that were not designed for the digital world to combat illegal conduct."
  • Be Careful With Coin - New York Times - "Consider this as well: When you buy it, you are agreeing to terms of service that give you no protection."
  • A Medical Credit Card Has Surprising Costs - New York Times - "On Tuesday, the agency announced that it was ordering GE Capital Retail Bank and its CareCredit medical credit card unit to refund up to $34.1 million..."

On the wires:

Updates from Glenbrook:

October 16, 2013

Headline News from - October 16, 2013

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On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our Glenbrook Payments Boot Camp on October 23rd/24th in New York City!
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer". Elizabeth will also be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
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August 30, 2013

Headline News from - August 30, 2013

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July 28, 2009

GE Capital Provides Webcast Update

GE Capital provided a business update on its financial results and outlook earlier today. A webcast replay along with the presentation slides are available online.

April 11, 2008

A Look at GE

What do you call a company that sells jet engines, runs multiple television/cable networks, has a huge global financial services operation, and just reported a significant earnings miss this morning? That's GE. And the reason for what one columnist called GE's "gasp-inducing first-quarter results"? Financial services primarily - both commercial and consumer. Details in this press release and accompanying presentation. A webcast of this morning's earnings call is also available.

August 31, 2007

GE Money to Purchase Chevron’s Proprietary Consumer Credit Card Business

GE Money has announced an agreement to purchase the proprietary consumer credit card business from Chevron Corporation subsidiaries, Chevron U.S.A. Inc. and Chevron Credit Bank, N.A. GE Money Bank will own and operate the Chevron- and Texaco-branded consumer credit cards.


July 25, 2007

GE Money Launches My Earth Rewards

As anticipated earlier, GE Money has launched the Earth Rewards MasterCard - along with a new My Earth Rewards web site dedicated to this new "green" product. "Every time you use your Earth Rewards Card, a portion of your net purchases will go to offsetting the emissions created by your purchases and activities. For example, spending $25 contributes enough to offset the emissions associated with running a typical refrigerator for a month. Spending $500 offsets the emissions from driving almost 1,500 miles in an average car." The full press release is here.

GE to Launch GE Money Earth Rewards Platinum MasterCard

Claudia Deutsch writes for the New York Times about GE Money's expected launch today of the GE Money Earth Rewards Platinum MasterCard - a card that "allows cardholders to forgo a 1 percent cash rebate on purchases and earmark that amount for projects that reduce greenhouse gases."

June 15, 2007

GE Money, eBay Introduce eBay MasterCard

GE Money has announced the eBay MasterCard, calling it an expansion of its partnership with eBay. eBay MasterCard customers will benefit from a new rewards program, earning one Reward Point for every $1 spent in purchases. Reward Points are also earned with non-Internet, everyday purchases wherever MasterCard is accepted. Points are redeemable for shipping discounts and vouchers that can be used to shop on eBay or to pay eBay seller fees.


June 07, 2007

GE Money, Yahoo! Telemundo Focus on Hispanic Financial Education

GE Money and Yahoo! Telemundo have announced the launch of ‘Soluciones Financieras’, an online financial education solution that features Spanish-language personal finance tools and information designed to empower Hispanics to succeed in their financial lives. According to the two companies, "U.S. Hispanics are projected to spend over $926 billion this year; however, research shows they have less understanding and experience managing personal financial matters compared to the average non-Hispanic consumer."


November 13, 2006

GE Money India’s JV With SBI Reaches 3 Million Credit Cardholders

GE Money has announced that SBI Card, its joint venture with the State Bank of India (SBI), has reached the landmark milestone of 3 million cardholders. The 2nd largest Card issuer in India, SBI Card is unique as the only Non-Banking Finance Company (NBFC) issuing credit cards in India.


November 09, 2006

GE Money Partners For EverydayMoney.Org Consumer Web Site

GE Money has announced that, "in an effort to educate consumers with need-to-know information about credit, budgeting, mortgages and protection against identity theft, Everyday Money ( launched today. Everyday Money is a consumer-friendly web site written in uncomplicated language. It contains dynamic, user-friendly interactive tools to help consumers learn about and improve their everyday interactions with money and finances."


October 31, 2006

GE Money Security Analyst Meeting

GE Money (formerly GE Consumer Finance) is holding a security analysts' meeting today in New York City. Copies of presentations by Dave Nissen, President and CEO of GE Money, and other members of the senior management team are available online.

October 24, 2006

GE, Wal-Mart To Launch China Credit Card

Reuters reports that GE Money, the consumer finance arm of General Electric, and Wal-Mart have launched a credit card in China this week

September 26, 2006

ValueVision Media, GE Retail Consumer Finance Launch ShopNBC MasterCard

ShopNBC and GE Retail Consumer Finance have announced they have entered into an exclusive multi-year agreement to launch a new ShopNBC branded MasterCard as well as an improved ShopNBC private label credit card.


July 05, 2006

GE's Road to Credit

Kathryn Kranhold and Robin Sidel report for the Wall St. Journal on GE's expansion of its "road to credit" program that provides private label cards with low credit lines to consumers who otherwise might not qualify for traditional credit cards.

June 26, 2006

Wal-Mart's China Credit Card Plans

Jonathan Birchall and Franceso Guerrera report for that Wal-Mart, the world's largest retailer, is developing plans to launch its own credit card in China in partnership with GE Money and Shenzhen Development Bank. According to the article, "Wal-Mart declined to comment on its partnership with SDB, saying it had not announced any plans in China to launch a credit card."

May 30, 2006

GE Consumer Finance's New PayPal Plus MasterCard

As mentioned in an American Banker story last week, GE Consumer Finance has announced a relationship with eBay Inc. and PayPal Inc. to launch the new PayPal Plus MasterCard, a credit card offering both rewards and extended purchase protection for purchases made via the PayPal Web site.


GE Announces $250 Million Infrastructure Investment in India

General Electric Company Chairman and CEO Jeff Immelt has announced a US$250 million investment in infrastructure and healthcare projects in India and said that GE intends to dramatically expand its industrial and financial presence in the country.


May 25, 2006

New PayPal Plus MasterCard Issued By GE Consumer Finance

Daniel Wolfe writes for the American Banker (subscription required) about PayPal's new PayPal Plus MasterCard issued by GE Consumer Finance.


April 11, 2006

PayPal Launches UK Credit Card With GE

Guardian Unlimited reports on PayPal's launch of a UK credit card that will be issued by GE Money.


March 03, 2006

Mexico's Middle Class - Piggy Banks Full Of Pesos

Business Week looks at what's happening in Mexico as the middle class (those making between $7,200 and $50,000 a year) "have swelled to record levels of around 10 million families. That's equal to nearly 40% of all Mexican households."


February 08, 2006

GE Consumer Finance Readies China Launch

Tony Munroe reports for Reuters on comments by David Nissen, chief executive of GE Consumer Finance, regarding opportunities in China that it's pursuing in partnership with Shenzhen Development Bank .


January 18, 2006

American Express and GE Consumer Finance Announce Card Issuing Alliance

American Express and GE Consumer Finance have announced that GE Consumer Finance will issue American Express-branded credit cards in the United States. The first product to be offered under the new agreement will be a Dillard's American Express card.


December 24, 2005

November 29, 2005

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