Credit card News
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Oxford -
University of Oxford technologists have designed a prototype device designed to make contactless payments more secure. The device sends secret keys to encrypt information passed from a mobile device to a payment terminal.
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A credit card with fraud-busting display has been launched in France. The card has an ever-changing security code, designed to make it fraud resistant.
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U.S. fast food burger chain Wendy's has been hit in a major credit card hack. It is estimated that one in five outlets nationwide have been affected.
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Police across America are warning people of a credit card crime that is occurring at gas stations and ATMs. The scam involves the use of credit card skimmers.
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It’s that time of year again. Holiday shopping season is upon us, and once again, millions of Americans will reach into their wallets for their credit cards.
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Credit card provider MasterCard has announced it has begun rolling out a new biometric authentication technology previously known as Selfie Pay. It will allow card holders to complete transactions by scanning their face or providing a fingerprint.
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The Raspberry Pi Foundation has launched an updated version of its acclaimed credit-card sized computer featuring upgraded hardware and much more power than its predecessor, giving it the ability to run a version of Windows 10 later this year.
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Washington -
President Barack Obama faced a moment of embarrassment recently, and one that many people have encountered as well. On one of his regular appearances at a restaurant he went to pay the bill, only to find that his credit card was declined.
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Talk about the looming “fiscal cliff” and “debt ceiling” has presented a fiscal nightmare for many Americans. Various recent reports show that the rocky economic situation has wide-reaching negative effects.
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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.
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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.
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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?
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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.
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Saudi hackers exposed personal banking information of thousands of Israelis by hacking into a sports site on the Internet and obtaining credit card details.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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Finance Minister Jim Flaherty is expected to announce new measures that will require financial institutions to provide better disclosure about interest rates.
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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.
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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.
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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.
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Credit card Image
MasterCard and VISA credit cards are seen in this illustrative photo Bobby Yip / Reuters,
Credit Cards. Sean MacEntee
Oberthur Technologies' new credit card with the code that changes every hour. Oberthur Technologies
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