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MasterCard Wristband Payment Trial A Success

by Brian Weston

MasterCard Wristband Payment Trial A Success

MasterCard tested a futuristic credit card replacement at a festival in the United Kingdom earlier this month by issuing wristbands embedded with PayPass chips.





BoA Forecloses After Advising To Miss Payments

by Roberta Sanchez

BoA Forecloses After Advising To Miss Payments

A California woman has allegedly been evicted from her home after following instructions from her bank to miss her mortgage payments so that she would qualify for a new loan.





Kardashians Win Lawsuit

by Carolyn Spiel

Kardashians Win Lawsuit

Reality TV stars The Kardashians have won a monumental legal victory by successfully defending a $75 million lawsuit from a credit card issuer who held sisters Kim, Khloe, and Kourtney responsible for the collapse of the company.





Average APR Rates Hold Steady

by Brent Thomas

Average APR Rates Hold Steady

Average interest rates on new credit card accounts have remained steady at 14.83% for the third consecutive week according to the Weekly Credit Card Rate Report.





HSBC Look to Sell Credit Card Portfolio

by Brian Weston

HSBC Look to Sell Credit Card Portfolio

HSBC Bank announced that they intend to bow out of the credit card industry either by selling their credit card interest in the United States, or phasing it out completely.





New Ritz-Carlton Premium Reward Card by Chase

by Carolyn Spiel

New Ritz-Carlton Premium Reward Card by Chase

The new Ritz-Carlton Rewards credit card was launched on June 9, with the advertising tag line Access to the Extraordinary.





U.S. Bank Launches EMV Credit Cards

by Brent Thomas

U.S. Bank Launches EMV Credit Cards

Banks have been slow to embrace the cutting edge credit card technology, EMV (Europay, MasterCard and Visa), which is also known as contactless payment.





Wal-Mart to Launch Self-Serve ATM Banking

by CreditCardsCo

Wal-Mart to Launch Self-Serve ATM Banking

Wal-Mart recently announced their intentions to introduce ATMs to some branches. In an announcement last week, Wal-Mart said they will begin placing a “Money Center is a box” in selected stores.





CitiBank Under Fire After Security Breach

by Brent Thomas

CitiBank Under Fire After Security Breach

Citibank has been criticized over the way in which they handled the release of information regarding the recent security breach after it emerged that they failed to alert customers, many of whom found out only after reading news reports on …





Consumer Borrowing On the Rise

by Roberta Sanchez

Consumer Borrowing On the Rise

Over the last seven months, consumer borrowing has been continuing to rise. Last month’s increase was primarily attributed to commercial banks and credit unions providing auto and student loans.





Regions Bank Brings Credit Cards Back In-House

by Brian Weston

Regions Bank Brings Credit Cards Back In-House

Regions Bank this week announced their decision to bring their credit card services back in-house, ending a long running deal with Bank of America subsidiary company FIA Card Services.





U.S. Senate Vote Fails To Delay Interchange Fee Cap

by Scott Townsend

U.S. Senate Vote Fails To Delay Interchange Fee Cap

The United States Senate last week failed to delay debit card swipe fee restrictions despite predictions that the vote would go in favor of banks and credit card issuers who opposed the cap.








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