Credit cards News

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.

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.

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.

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.

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.

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.

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?

The Chief Justice of the United States Supreme Court John Roberts recently revealed that he was the victim of credit card information theft.

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.

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.