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Credit cards News

Amazon sued by U.S. regulators over kids apps

Washington - The US Federal Trade Commission (FTC) has sued Amazon. The FTC says that Amazon allowed millions of dollars of unauthorized purchases by children to take place in its mobile app store.
In the Media by Tim Sandle - 1 comment

Majority do not understand differences between credit cards

A large number of credit card users do not fully understand their card's terms, benefits and rewards program, and have trouble selecting between different types of cards. This is according to an annual survey of credit card users.
In the Media by Tim Sandle - 3 comments

Op-Ed: Credit cards — How many is too many?

This is a question many credit card users ask themselves. The real answer to the ‘how many’ question is this: it depends.
In the Media by Larry Alton - 1 comment

Op-Ed: Warning to a world growing increasingly dependent on credit cards

It is absolutely possible for a person to get by without a credit score. This, by extension, means that it is absolutely possible to get by without credit cards.
In the Media by Simon Crompton - 9 comments

Heartbleed virus poses risks to all data, sent and received

When security researchers noticed issues with encryptions used to securely transmit emails, e-commerce transactions, social network posts, and other Web traffic, they dug deeper to discover the cause was something lurking for over two years.
In the Media by Simon Crompton - 4 comments

PayPal president's credit card gets hacked

Despite running a global business that is designed to hold hackers at bay, PayPal president David Marcus has tweeted that someone used a skimming device to clone his credit card while he was in the U.K.
In the Media by Tim Sandle - 3 comments

Chip and Pin to become U.S. norm by October 2015

Following security breaches at Target as well as other retail chains, it has been announced that the more secure chip and pin technology in credit cards will be issued.
In the Media by Joe Z Hudson

Target CEO: Banks need to issue chip-based credit cards in U.S.

With the FBI now warning all retailers on similar breach possibilities, Target CEO Gregg Steinhafel is refocusing attention on the need for chip-based credit card technology adoption in the United States.
In the Media by Michael Krebs

FBI warns of more credit card breaches

Washington - The FBI has warned retailers to be prepared for more cyber attacks like those that affected Target and Neiman Marcus as well as others over the last few months.
In the Media by Joe Z Hudson - 4 comments

South Korea hit hard with credit card information theft

The hackers that targeted the credit and debit card system for Target during the Christmas season jeopardized close to 40 million customers accounts, to date. An even bigger breach has been discovered in South Korea, affecting almost half the country.
In the Media by Karen Graham - 2 comments

Russian man creates own credit card and sues bank for closing it

Moscow - A Russian man scanned a commercial credit card agreement and changed the terms of contract in his favor. After returning it signed to the lending bank, they failed to notice the trick and now a Russian court has backed him up.
In the Media by Eduardo Arrufat - 5 comments

Op-Ed: Credit card debt — As bleak as they say it is for young adults?

San Diego - According to a recent survey, young adults are carrying more credit card debt and taking longer to pay it back. Why so much debt, and what's the solution to paying it down?
In the Media by Jason Bushey

Chief Justice's credit card theft sparks renewed consumer caution Special

The Chief Justice of the United States Supreme Court John Roberts recently revealed that he was the victim of credit card information theft.
Digital Journal Report by Michael Essany - 2 comments

Twitter, Amex let card members pay for items using a #hashtag

New York - American Express is introducing a new service on Twitter that allows its customers to make purchases through specialized tweets. The new feature is called "Amex Sync" and by including a special hashtags, consumers can purchase items.
In the Media by Andrew Moran

Credit card 'checkout fees' for consumers permitted as of Jan. 27

This week a new rule comes into effect that may impact how often you use your credit card. As of Sunday, stores in most U.S. states are permitted to charge customers a "checkout fee" when paying by credit.
In the Media by Leigh Goessl - 20 comments

Op-Ed: A Faustian Christmas: Why not to use credit cards during holidays

Toronto - It's less than week away until Santa Claus comes down that chimney to deliver gifts for Christmas. Question: how did Santa Claus pay for all those presents? Let's hope it wasn't with a credit, otherwise he'll be in serious trouble.
In the Media by Andrew Moran - 2 comments

High Canadian debt levels soar, Q3 hits all-time record at 164%

Ottawa - A new report from Statistics Canada has found that consumer debt levels have hit an all-time high in the third quarter of 2012. The debt-to-disposable-income ratio stood at 164.4 percent, up from 163.3 percent in the previous quarter.
In the Media by Andrew Moran - 3 comments

New malware steals credit card data from point-of-sale terminals

A security researcher has uncovered a type of malware being used to directly steal credit card payment information straight from point-of-sale terminals at retailers, hotels and other places of business.
In the Media by Leigh Goessl - 8 comments

Canadian student pays tuition in coins to protest new fees

Calgary - A student in Canada was upset over a new fee tagged on by his college. The additional fees for the upcoming semester were added on to tuition costs for students that planned to pay by credit card. His solution was to pay the tuition, in full, in coins.
In the Media by Leigh Goessl - 16 comments

Op-Ed: Drowning in debt — American arithmetic

The debt crisis has taken on a very personal face for the average American family. This piece takes a critical look at the situation faced by an average household every month, and the situation faced by a nation drowning in its own debt.
In the Media by Donald Quinn

Walmart gives cardholders gas discount through Christmas Eve

Walmart announced a new initiative which the company says is designed to give consumers a break. The retail giant has decided to bring back its "Great Gas Rollback" program.
In the Media by Leigh Goessl - 3 comments

In a World of Credit Card Scams: One Woman's Story

Banks, ATM installers and credit card issuers do not want to admit their customers have been scammed. Bad for business. The burden, unfortunately, too frequently is borne by the customer. The problem grows worldwide.
In the Media by Robert G Cope - 5 comments

Lawsuit over 'swipe fees' settled, will consumers pay the price?

Now that a proposed court settlement has been made in a seven year long dispute between credit card issuers and millions of merchants over credit card swipe fees, the question of how this will affect credit-card carrying consumers remains.
In the Media by Leigh Goessl - 5 comments

MasterCard and VISA warn of massive data breach, impact unknown

A massive data breach has occurred involving MasterCard and VISA cardholders. It is possible 10 million credit card holders may be impacted by this significant breach.
In the Media by Leigh Goessl - 5 comments

ATM and credit card skimmers: Not just for big cities anymore

ATM skimming has grown to become more than a mere inconvenience for consumers, it's evolved into a billion dollar industry for criminals, which, in turn, causes problems for victims.
In the Media by Leigh Goessl - 3 comments

Israeli fights back against Saudi credit card hackers

In retaliation to the Saudi credit card cyber attack, a 17-year-old Israeli hacker identified as Omer Cohen, nicknamed, "0xOmer," said that he's released hundreds of Saudi credit card numbers and a list of personal information.
In the Media by Lesley Lanir

'Anonymous' hacks Stratfor clients credit cards, gives to charity

The hacking group "Anonymous" on Sunday Christmas claimed it has stolen thousands of credit card numbers and personal information of clients of the U.S. based security think-tank Stratfor and pilfered funds it gave away as Christmas donations to charity.
In the Media by JohnThomas Didymus

Canadian party leaders put forward campaign platforms on Day 4

Brantford - The party leaders are starting to put forth their platforms. New Democrat Jack Layton will cap credit card rates. Prime Minister Stephen Harper wants a tax break for families. Liberal leader Michael Ignatieff is proposing a $1 billion education plan.
In the Media by Andrew Moran

Survey: Canadians opposed to surcharging

Paying merchants extra for the 'privilege of paying them' is something that Canadians who use credit cards have to contain with at the check-out counter.
In the Media by KJ Mullins - 1 comment

Iceland takes on credit card giants in WikiLeaks flap

Representatives from Mastercard and Visa were called before a parliamentary committee to explain the credit companies’ refusal to process donations to the whistle-blowing website WikiLeaks.
In the Media by Martin Laine - 80 comments
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