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Credit card News

A site that sells stolen credit cards

Stolen credit cards are openly sold in the cyber marketplace, as one Russian carding site is selling 554 stolen Australian credit cards for $4.50 per record.
In the Media by Ajit Jha

Air France passengers asked to chip in for fuel in Damascus

When an Air France flight was diverted to Damascus on Wednesday, the crew asked passengers if they could lend them some cash for fuel after Syrian authorities refused their credit card.
In the Media by Darren Weir - 4 comments

Study: Most Canadians hold debt, nearly half made lump payment

Toronto - A new research study by a financial institution found that 72 percent of Canadians maintain some form of debt, while 49 percent have made at least one lump sum payment in the last year. Is the debt crisis worsening in the country?
In the Media by Andrew Moran - 1 comment

'Jews are despicable, Hitler was right' says Saudi commenter

Israel's Ynet news reports that Saudi talkbackers praise the credit card hacking scam that occurred earlier today in Israel affecting around 14,000 Israelis.
In the Media by Lesley Lanir - 4 comments

Saudis hack thousands of Israeli credit card details

Saudi hackers exposed personal banking information of thousands of Israelis by hacking into a sports site on the Internet and obtaining credit card details.
In the Media by Lesley Lanir - 7 comments

New Sony hack attack exposes personal info of 24.6 million users

Once again, Sony is warning more gamers their personal information may have been stolen by the same thieves who first breached the PlayStation Network, the company said Monday. Close to 24.6 million Sony Online Entertainment users may have been affected.
In the Media by David Silverberg

Honest homeless man reunites with exec who lent him credit card

New York - The homeless man who borrowed an ad executive's American Express Platinum Card on Monday and promptly returned it to her after making a few purchases, was reunited with her again a few days later.
In the Media by Laura Trowbridge - 12 comments

Homeless man borrows executive's credit card, returns it

New York - A high-powered Manhattan advertising executive, perhaps a bit tipsy, let a homeless man borrow her American Express Platinum Card when he asked her for some spare change.
In the Media by Laura Trowbridge - 17 comments

Vending machine of the future links credit card to thumbprint

Boston - Next Generation Vending and Food Service is experimenting with biometric vending machines that would link credit cards to thumbprints. The company president feels "for a certain demographic that is pretty cool."
In the Media by Andrew Moran - 1 comment

Survey: Brits owe £55 bn in hidden debts

A survey has revealed that people in the United Kingdom owe £55 billion in hidden debts, and almost a third hide the true extent of their debt from family members.
In the Media by Andrew John - 4 comments

Forgotten credit card leads to huge bill for Toronto woman

Toronto - In January, a Toronto woman walked out of a store forgetting her credit card. That mistake proved costly because when she opened her latest statement, she found out she had been billed for more than $10,000 in purchases.
In the Media by KJ Mullins

Credit card scam suspected in Spain

It is thought that some credit card holders may have been caught in a scam based in Spain. The possible fraud is currently being followed up by Spanish police.
In the Media by Jane Fazackarley

Fraud Credit Card Gang Busted

Ras Al Khaimah, one of UAE's seven emirates has caught a gang that has been using fraud credit cards pretending to buy or sell mobile phones and gold.
In the Media by Heba Hashem

Wells Fargo: Interest rates to increase

In light of legislation establishing new rules regarding the raising of interest rates by credit card companies, Wells Fargo announced today they will increase their interest rates before the new rules go into effect.
In the Media by Aaron Jefferson - 1 comment

House bill to enact credit card rules early as banks hike rates

In the interim between the passage of the CARD Act and implementation of some of its provisions, banks hiked credit card rates by 20% and changed terms. Members of US House seek to enact provisions early to thwart “anytime, any reason” changes.
In the Media by Kay Mathews - 7 comments

Credit Card Debt Reaches All-Time highs

The average American consumer spends 43% more than he or she earns and the national credit card debt is $2 trillion. Is there no end in sight to this madness of credit?
In the Media by Andrew Moran

Barack Obama announces new credit card restrictions

Barack Obama signed a new bill today which was aimed at credit card companies. The new laws will stop them from increasing interest or charging some fees.
In the Media by Jane Fazackarley - 3 comments

Canadian Finance Minister to announce new credit card rules today

Finance Minister Jim Flaherty is expected to announce new measures that will require financial institutions to provide better disclosure about interest rates.
In the Media by Bob Ewing - 4 comments

Credit Card Rates Jump Again and Likely Could Continue

During the past week credit card rates have increased ¼ of a percentage point on variable interest rate cards. That brings the average to 11.7%. But that isn’t the worst of it.
In the Media by Carol Forsloff - 4 comments

U.S. bank credit cards and the moving due dates scam

Many banks have deliberately designed billing systems to periodically generate payment due dates that are 5 to 6 days earlier than normal in an effort to catch automatic bill payers in a missed due date scam.
In the Media by Barbara Sowell - 6 comments

Banks using Obscure Laws to Confiscate Homes

Banks and credit card companies in the UK are on the prowl, exploiting loopholes in the law to repossess the homes of people who default on payments.
In the Media by Tse Hao Guang - 2 comments

Largest Federal Identity Theft Case In History Indicts 11 International Participants

After three years of ongoing investigation, The Department of Justice has issued indictments on what is believed to be the largest retail hacking scheme ever. Eleven individuals from around the globe allegedly stole over 40 million credit card numbers.
In the Media by Nikki Weingartner - 8 comments

6-Year-Old Gets Credit Card From Bank of America

Six-year-old Bennett Christiansen applied for a credit card with his own handwriting and Bank of America (BOA) approved it without any hesitation, to the surprise of his mother.
In the Media by Chris V. Thangham - 10 comments

4.2 Million Credit and Debit Card Accounts Exposed In Supermarket Security Breach

The Hannaford Bros. grocery chain announced today that due to a security breach at an East Coast supermarket chain 4.2 million credit and debit card numbers were exposed, leading to 1,800 cases of fraud.
In the Media by malan - 2 comments

Police Need Help Identifying Two Thieves in Upstate NY

Colonie, NY police are hopeful that a surveillance video will be the key to cracking a theft case involving a stolen credit card and over $3000 worth of purchases in the Latham NY area.
In the Media by Andi Bryant - 1 comment

The All-in-one Credit Card

Instead of carrying a number of cards such as credit, debit, store, restaurant, gas cards etc., wouldn’t it be nice if one card represented them all? That is where iCache comes in. This is the all-in-one card.
In the Media by Chris V. Thangham - 9 comments

Stolen Credit Card + Winning The Lottery = Forfeit Million Dollar Jackpot

It is a simple enough equation. If you use a stolen credit card to buy a lottery ticket and win, the money is not yours. That is exactly what happened to one woman and now she forfeits a Million dollar prize.
In the Media by RobotGod - 2 comments

World of Warcraft Credit Card

Blizzard has teamed up with the First National Bank of Omaha to offer a Visa card for World of Warcraft players.
In the Media by Thespian

Credit-Card Receipt Controversy Sparks Flurry of Lawsuits Against Retailers

Have you ever received a receipt containing every detail of your credit-card number? If so, you could file a federal lawsuit in addition to the 100 already ongoing against retailers who knowingly exposed consumer data.
In the Media by David Silverberg - 9 comments

Credit card issued despite the application being torn up

One man tried to see just how easily someone could get a credit card from a torn up application taped back together.
In the Media by Brandigal (Donna) - 4 comments
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