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Debit cards News

Toronto police investigating taxi scam

Toronto - The media has revealed a police investigation into some cab drivers stealing passengers' debit cards and then withdrawing money from their accounts at ATMs.

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.

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.

Op-Ed: Why we will always need cash

It has long been said we are moving towards a cashless society. There are very sound reasons we should never allow this to come about.

Video: Couple gets into explosive argument over a debit card

An argument over a $30 deducted from a debit card sparks an argument between a couple that becomes very verbal with a good amount of physicality.

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.

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.

Op-Ed: Bank of America to tack on $5 monthly fee to debit card users

Over the past several months a lot of upheaval has been going on in the banking industry, and one of the notable causes is due to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Op-Ed: Will cash become extinct?

A recent survey has found that cash is becoming increasingly unpopular with the British public; the big question is, will it become extinct?

Federal Reserve proposes rules to see debit card fees cut

The Federal Reserve, by order of Congress, proposed new rules for fees on debit card transactions Thursday. The rules could see more competition between banks and payment card networks.

Check writing loses ground to electronic payments

Writing Checks Almost So … Last Century! When was the last time anyone drags a checkbook around with them every time they leave the house and run errands?

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