CreditCardsCo News Archives
MasterCard tested a futuristic credit card replacement at a festival in the United Kingdom earlier this month by issuing wristbands embedded with PayPass chips.
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.
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 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 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.
The new Ritz-Carlton Rewards credit card was launched on June 9, with the advertising tag line Access to the Extraordinary.
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 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 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 …
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 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.
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.