Credit News
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By AFP
Washington -
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday.
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In 2018, almost a quarter of consumers experienced attempts at fraud over the Black Friday weekend, as fraudsters capitalize on seasonal spikes in transaction volume to try and evade fraud detection processes. Mark Crichton provides some tips.
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The future of credit is instant and done via virtual and augmented reality, voice and text to give consumers better shopping experiences and more access to credit, according to Eric Haller of Experian in an interview with Digital Journal.
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By AFP
Washington -
The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva warned Thursday.
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By AFP
Athens -
Greece on Monday officially requested to repay part of its IMF loans beforethe maturity date, the prime minister said, in a bid to save interest rate costs.
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By AFP
Moscow -
New machines popping up in Russian shopping centres seem innocuous enough -- users insert their passport and receive a small loan in a matter of minutes.
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Just five months after Tim Cook announced Apple's next phase in the money markets (after Apple Pay), the company's first credit card is now available.
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By AFP
Washington -
The American private sector's mounting debts pose a "moderate" risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said Monday.
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By AFP
Washington -
Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday.
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The decline of cash has been predicted by many economists. The question is certainly 'when' rather than 'if'. China is perhaps making the greatest progress. A new initiative aims for rural communities to go cashless by 2020.
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In an effort to boost sales of its hardware, Apple are to experiment with offering interest-free iPhones in China. This signals an intense battle with the likes of Huawei and Samsung.
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Financial inclusion is on the rise globally as 69 percent of adults – 3.8 billion people – now have a bank account or mobile money provider. Key to achieving this have been fintechs, according to Steve Smith of Finicity
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Despite technological advances on mobile devices and mobile applications, there are still a wide variety of consumers who want to avoid the bank or credit card interaction and use electronic cash. Danny Shader, PayNearMe, explains why.
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By AFP
Frankfurt Am Main -
A German state-owned bank has found itself at the centre of a battle in the Democratic Republic of Congo over agricultural land dating back to the Belgian colonial period, AFP learned Monday.
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By AFP
Milan -
Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget.
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By AFP
Nusa Dua -
World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.
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By AFP
Frankfurt Am Main -
European Central Bank chief Mario Draghi on Thursday said Greece was "not eligible" to benefit from the bank's massive monthly bond purchases after the debt-laden country exits its bailout programme in August.
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By AFP
Atenas -
The scene has become familiar in Greece in recent months -- a middle-aged woman in a courthouse, trying to dodge an angry crowd shouting inches from her face."Get out, crow!
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By AFP
Shanghai -
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.
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By AFP
Shanghai -
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.
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By AFP
Shanghai -
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.
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Dropbox is moving into new, public territory. With a $600 million credit pool secured for a push to go public this year, the success of the file hosting service has been brought into sharper light.
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By AFP
Brussels -
The EU on Tuesday insisted Greece's economy remained on track despite a withering opinion by the IMF that Athens's debt was "unsustainable" and calling for further European debt relief.
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Many Americans are concerned about jobs and the economy. But despite today's business climate, most people remain optimistic when it comes to managing their wallet and personal finances.
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By AFP
Moscow -
"If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her credit card payments.
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Sacramento -
Americans now owe over $885 billion of revolving debt, according to sources at the Federal Reserve and much of it is entangled in credit card debt. This might be one of the reasons online lending is growing.
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By AFP
Cabanatuan -
Philippine rice farmer Francisco Santo Domingo's life is in ruins after losing yet another gamble with nature, but the typhoon that destroyed his crops means gleeful loan sharks have again hit the jackpot.
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The UK's Which? consumer research group has found that contactless payment cards can be easily hacked using homemade technology. The card details can be stolen and then used to pay for goods online without further verification.
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Mastercard's head of emerging payment products has said that contactless payments with cards and phones will be accepted at every store in the UK and Europe before 2020, sparking a debate on whether this will actually be possible.
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An 11-year-old school student ran up a bill of over £3000 on his mother's card after a series of app and game purchases were charged repetitively by Google despite the payments failing. Google made hundreds of transactions in just a few days.
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Credit Image
Freecharge offers rewards if you pay your phone bill through them Freecharge
Credit Cards. Sean MacEntee (CC BY 2.0)
This is the "Douglas Money Equation" as formulated by Major C.H. Douglas (1879-1952).
Via Flickr / xJason.Rogersx
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