Keyword: creditcards

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  • Capital One QuickSilver.Are You Receiving Pre-Approvals After Receiving The Card?

    08/13/2014 7:33:45 PM PDT · by Cruz_West_Paul2016 · 20 replies
    I can't be the only one who has been pre-approved for the Quick-Silver Card,then I get in in the mail,a week later I am Pre-Approved for another one.So I applied for the second one,I was approved!,then today,I got my approval for another Quick-Silver Card!,I guess Capital One has so many millions of customers that they just cannot maintain their records to the extent where they finally stop sending pre-approvals for the same cards we already received.
  • Paltry credit-card debt growth signals restrained consumer

    08/03/2014 12:04:31 PM PDT · by Oldeconomybuyer · 15 replies
    MarketWatch ^ | August 3, 2014 | By Steve Goldstein
    WASHINGTON — Jobs growth has been solid of late, and manufacturing sentiment has been strong. But the lack of wage growth has been apparent, and one manifestation of that has been the paltry rise in credit-card debt. The latest data on consumer credit is due out Thursday. It’s likely to show non-revolving debt like auto and student debt is continuing to grow rapidly. But credit-card debt has barely budged. “Incomes are only growing so much,” said Josh Shapiro, chief economist at MFR. “[Consumers] are not going to go two-fisted on credit-card and auto debt.”
  • Will FDIC Regulations Shut Down the Prepaid Card Industry?

    06/27/2014 9:48:44 PM PDT · by jeannineinsd · 72 replies
    Market Rates Insight.com ^ | 6/19/14 | MarketRatesInsightblog
    Will FDIC Regulations Shut Down the Prepaid Card Industry? We have written about prepaid debit cards several times in recent months, but this week we saw the latest news that could throw a monkey wrench in the burgeoning prepaid card industry. As reported by PaymentsSource, Bancorp Inc., one of the biggest issuers of prepaid cards with $4.7 billion in assets, saw its shares drop 30 percent when the company agreed to curtail its prepaid card activity as part of a deal with the Federal Deposit Insurance Corporation (FDIC). A 22-page consent order mandates that Bancorp institute a number of changes...
  • How one couple wiped out a $125,000 debt

    06/27/2014 10:12:31 PM PDT · by rjbemsha · 24 replies
    Market Watch ^ | 28 June 2014 | Quentin Fottrell
    Two weeks before Christmas of 2004, Kandy Hildebrandt opened a letter addressed to her husband Russ, at his request. The letter revealed that her husband had a personal loan of $17,500. They sat down to talk about it: Russ also had 11 credit cards totaling $89,000 in debt. “He handled the personal finances,” she says. “I knew we had several credit cards, but I was unaware of the extent of our debt.” The finance charges on the credit cards alone were $1,593 a month – double their $750 monthly rent in New Richmond, Wis. The Hildebrandts knew they needed to...
  • Credit Card Use Is Imprisoning Fewer Americans

    05/02/2014 3:43:59 AM PDT · by Enterprise · 28 replies
    Main St. ^ | May 1, 2014 | Ellen Chang
    NEW YORK (MainStreet) — Americans are relying less on their credit cards now, and more consumers are able to pay their balance in full each month, according to a recent Gallup poll. The poll found that in 2014 48% of Americans always pay the balance of their credit card each month compared to 42% who paid them in full in 2006 and only 43% in 2008 during the Great Recession. Now only 33% of credit card owners say they leave a balance each month, which is a record low since Gallup began measuring these habits in 2001.
  • Louisiana state audit director charged with fraud

    04/09/2014 9:06:34 AM PDT · by topher · 21 replies
    nola.com ^ | updated April 09, 2014 at 10:51 AM | By Emily Lane
    Louisiana Department of Children and Family Services auditing director Delrice Augustus has been formally charged fraud for allegedly buying personal items with a government purchasing card, U.S. Attorney Walt Green announced Wednesday. Augustus, 34, of Baton Rouge, is currently on leave as director of the bureau of auditing and compliance services for DCFS, an agency that receives over a billion dollars in federal funds, a U.S. Attorneys office press release says. A bill of information says that from 2010 though March 2014, Augustus used government purchasing cards for a dishwasher, televisions, I-Pads, hotel rooms gas and other personal items.
  • Stolen Credit Card Numbers

    04/01/2014 7:45:20 AM PDT · by pabianice · 42 replies
    4/1/14
    In the last three days I have been contacted by credit card fraud offices regarding two different credit cards with questionable charges. Several months ago I was contacted about a third. All the charges quoted were fraudulent. In the past I have received such a call perhaps once every several years, but never two in one week or three in several months. They were legitimate calls and asked for no personal information and the fraud was backed-up by the cards' online webpages. Is anyone else having such a problem? WTH?
  • Check Your Debit, Credit Card Statements For “BLS WebLearn” Scam Transactions

    03/27/2014 11:45:19 AM PDT · by topher · 24 replies
    Consumerist ^ | March 19, 2014 | Chris Morran
    A lot of times when someone gets a hold of someone’s credit or debit card info and decides to use it for illicit purposes, the ID thief makes as many charges as possible in a short period of time. But some scammers choose to chisel away at victims’ accounts in the hopes that the crime will go unnoticed.
  • Identity Theft Protection is it worth it?

    03/12/2014 5:49:44 PM PDT · by Ben Mugged · 39 replies
    Me | March 12, 2014 | Me
    Is identity theft a real enough problem to warrant $10/month monitoring service? I must decide whether or not to get the service but to initiate it I must trust the service with a lot of personal data.
  • Gun Control Proponents Push Visa to Cut Ties with the NRA

    02/22/2014 10:47:56 AM PST · by rktman · 27 replies
    Breitbart.com ^ | 2/20/2014 | AWR Hawkins
    On February 20, gun control proponents gathered outside Visa's Washington offices to pressure the credit card giant to cut ties with the National Rifle Association (NRA).
  • Mariott, Holiday Inn, Sheraton report credit card breach

    02/03/2014 5:09:21 PM PST · by rickmichaels · 6 replies
    Toronto Sun ^ | FEBRUARY 03, 2014 | Reuters
    A credit card data breach had been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday. The breach occurred at food and beverage outlets at 14 hotels, including some operated under the Westin, Renaissance and Radisson names, between March 20 and Dec. 16 of last year, White Lodging said in a statement. The company said information subject to potential theft by cyber criminals included names and numbers on consumers' debit or credit cards, security codes and card expiration dates.
  • Time for smartcards

    02/03/2014 1:28:40 PM PST · by SkyPilot · 35 replies
    The Hill ^ | 3 Feb 14 | John J. Mulligan
    The data breach that struck our company spotlighted the sophistication of criminal hacker networks operating across the globe. We know the attack created significant concerns for millions of customers. We will learn from this incident and we will work to make Target, and the wider business community, more secure in the future. One step American businesses could now take that would dramatically improve the security of all credit and debit cards: adoption of chip-enabled smartcards. The technology is already widely used throughout the world. For many reasons, the United States has been slow to embrace the technology at home. We...
  • Got a charge for $9.84 on your credit card? Beware

    01/27/2014 8:47:53 PM PST · by ConservativeStatement · 33 replies
    CBS ^ | January 27, 2014 | Kathy Kristof
    Wondering if your credit card number could be in the hands of a crook? Look for a charge for $9.84. The Better Business Bureau issued a fraud alert last week about a raft of consumer complaints all reporting the same niggling charge. The business levying this fee may purport to provide “customer support,” or it may simply identify itself as any one of a number of different websites.
  • Cube, Intuit, or PayPal Here credit card swipers for a small business?

    01/17/2014 7:36:25 PM PST · by bboop · 16 replies
    self ^ | 1.17.14 | self
    I am president of the board of a community orchestra, and I want to get a credit card swiper so people can donate at our concerts and/or purchase ticket for our fundraiser. I have done some research on Intuits, Cubes, and PayPal Here. But now I would like to gather some anecdotal evidence. Does anyone have experience with these? Preference? Feedback? Hate them? Cautionary advice? I have an iPhone 4 with IOS 5.
  • Bride charged wedding to employer's credit cards, police say

    11/28/2013 3:16:07 PM PST · by ConservativeStatement · 39 replies
    WPEC-Ch. 12 ^ | November 27, 2013 | Scott Smith
    PORT ST. LUCIE — Something old, something new, something borrowed — credit cards used to charge a $50,000 wedding, police say — left a bride facing fraud and grand theft charges. La'Reese Michelle Darville, 31, was jailed Monday after she told detectives she charged bills for her June wedding at the Seminole Hard Rock Hotel & Casino to credit cards belonging to her employers, who include her father. Darville told detectives she intended to repay the full amount. Police were tipped to the case by one of the owners of Partners III Pawn Shop in Port St. Lucie, who got...
  • Credit card industry squeezes small business

    10/06/2013 5:01:28 PM PDT · by Borges · 33 replies
    Chicago Sun Times ^ | 10/4/2013 | Maruti Seth
    I’m a serial retailer. For most of my adult life I’ve owned and operated gas stations, convenience and liquor stores, and now a small group of Burger King restaurants. It’s been a unique perch from which to watch the “plasticizing” of America and how credit card companies and the nation’s biggest banks are allowed to operate like a cartel and, as a result, drive up the price of goods and services. When I opened my first store in 1994, cash was king and “charge cards,” as they then were called, were status symbols held by a tiny number of affluent...
  • Data, credit card numbers for 2.9 million Adobe users stolen

    10/03/2013 7:39:00 PM PDT · by Theoria · 19 replies
    LA Times ^ | 03 Oct 2013 | Salvador Rodriguez
    Adobe announced Thursday that it was the victim of a hack and that personal data for 2.9 million users were stolen. The software company, known for Photoshop and other programs, said cyber attackers were able to access user information, including account IDs, encrypted passwords as well as credit and debit card numbers. The hackers were able to erase data of some Adobe users. The hackers also illegally accessed source codes for numerous Adobe products. That's like stealing the secret formula for Coca-Cola. The company did not specify which users of its various software programs were hit. "We deeply regret that...
  • Will Israel be the World's First ‘No Cash’ Society?

    09/17/2013 2:23:47 PM PDT · by Olog-hai · 37 replies
    INN ^ | 9/17/2013, 9:38 PM | David Lev
    The government on Tuesday authorized establishment of a committee that will examine ways to eliminate cash from the Israeli economy—the better to prevent citizens from cheating on their taxes. The committee will be chaired by Harel Locker, director of the Prime Minister’s Office. Cash is easily passed from individual to individual, and transactions using cash can take place without the tax man’s supervision. Not so electronic transactions; with modern computers, banks can keep tabs on how much people deposit into their accounts and how much they withdraw, while credit card companies have an up-to-the-second record of how much people spend....
  • Man who created own credit card sues bank for not sticking to terms (Stupid Bank Story)

    08/09/2013 6:47:22 AM PDT · by Innovative · 91 replies
    UK Telegraph ^ | August 8, 2013 | Andrew Trotman
    When Dmitry Argarkov was sent a letter offering him a credit card, he found the rates not to his liking. But he didn't throw the contract away or shred it. Instead, the 42-year-old from Voronezh, Russia, scanned it into his computer, altered the terms and sent it back to Tinkoff Credit Systems. Mr Argarkov's version of the contract contained a 0pc interest rate, no fees and no credit limit. Every time the bank failed to comply with the rules, he would fine them 3m rubles (Ł58,716). If Tinkoff tried to cancel the contract, it would have to pay him 6m...
  • Social Security: Retirement fund or nanny

    06/29/2013 8:42:26 AM PDT · by xkaydet65 · 42 replies
    self
    I received a phone call from American Express a few minutes ago telling me that Social Security had notified them of my wife's recent, three weeks ago, passing, and that they were cancelling her card and what payment arrangements did I wish to make. I hintend to deal with her cards and our accounts but for the life of me I can't comprehend what Social Security is doing passing bnews of her death to private institutions. Where in the law does SSS get this authority. Tea Party Patriot that my wife was, she would be outraged at this example of...
  • Tech companies urge U.S. to ease secrecy rules on national security probes (PRISM: A Love Story)

    06/11/2013 11:14:34 PM PDT · by JohnHuang2 · 27 replies
    Washington Post ^ | 6-12-2013 | Craig Timberg and Cecilia Kang
    <p>Technology companies stung by the controversy over the National Security Agency’s sweeping Internet surveillance program are calling on U.S. officials to ease the secrecy surrounding national security investigations and lift long-standing gag orders covering the nature and extent of information collected about Internet users.</p>
  • Secretary of State Clinton Blames the Sri Lanka Government for Possible Tamil Tigers's Actions

    04/25/2009 3:34:03 AM PDT · by theanchoragedailyruse · 3 replies · 462+ views
    It's a Kwazy Life ^ | Saturday, April 25, 2009 | Tom Lamb
    When I heard Clinton was picked by the Obama administration to serve as the Secretary of State, I was curious if anyone in the Senate confirmation hearings would bring up her political ties with Ram Ranjan.And since her confirmation, Clinton has now put blame on Sri Lanka for the death of civilians. For those who don't know who Ram Ranjan is, he was involved with a political fundraiser for Hillary Clinton. Ram Ranjan is a supporter of the Tamil Tigers. The Tamil Tigers are considered a terrorist group. In the above hyper link you will find the following: Update II:...
  • Palin may have something on why Obama's buying up so much ammo: She was right on "death panels"

    03/05/2013 6:55:23 PM PST · by 2ndDivisionVet · 71 replies
    The Beaufort Observer ^ | March 5, 2013 | The Editors
    Once again we think, Sarah Palin has hit the nail on the head. The fact is the Federal Government has in recent months stockpiled an enormous amount of ammunition. Much more than has ever been used in the past and much more than could ever be conceivably used in ordinary circumstances. So why are they doing it? Many people, including the Zombie Obama supporters just ignore the question. Congress ignores it and the Obama Administration refuses to explain their actions. But it goes without saying that there is a reason. And we just think Palin has as good an explanation...
  • Dave Says Don't Fake Being Poor

    02/24/2013 9:26:07 PM PST · by Altariel · 30 replies
    Townhall.com ^ | February 20, 2013 | Dave Ramsey
    Dear Dave, What do you think about the practice of credit card churning? Ethan Dear Ethan, I think it's a pretty dumb idea. The concept is to run up the balance on one card as high as you can, then flip the balance from card to card in order to get perks like airline miles. But if you want to go through all the trouble and hassle over such a small amount of money, be my guest. I've met thousands of millionaires, and none of them have ever credited their success to credit card churning. Think about it: With all...
  • Shops to start charging you for paying by credit card from tomorrow

    A new rule going into effect Sunday could cost you more when shopping with a credit card at some stores. Visa and Mastercard have agreed to let merchants add a service charge equal to the cost of processing a credit transaction to the bottom line. The cost of processing is usually 1.5 to 3 perc cent, and merchants are capped at a 4 per cent fee under the agreement. The rule change was made as part of settling an antitrust suit brought by retailers. Merchants will still not be allowed to add a surcharge to debit card transactions. However, few...
  • Pizzu Hut - No checks policy (along with many others)

    12/23/2012 11:34:39 AM PST · by MeneMeneTekelUpharsin · 82 replies
    To the question "Can you use a check ordering from Pizza Hut online?" We have this answer: You can only used a credit card or a Pizza Hut gift card to purchase online, no checks accepted. And, driving up to their window in South Central Texas, the same sign is posted. No checks accepted as of January 1. Wonder how many other establishments are going to do the same? I thought the economy was recovering....
  • Occupy Wall Street hackers steal U.S. Military Member Credit Card Data

    12/26/2011 9:21:41 AM PST · by Erik Latranyi · 14 replies
    Mr Conservative Blog ^ | 26 December 2011 | Blog Admin
    Reference: ‘Anonymous’ is the name of a collective group of activist hackers who originally posted videos scheduling the Occupy Wall Street protests. These videos spread virally and played a significant role in the O.W.S. grassroots campaign. The hacker collective ‘Anonymous’ says it has stolen four thousand emails, passwords and credit card details from a US-based security think-tank “Stratfor”. Stratfor’s clients include the US Department of Defense, US Air Force, Apple, law enforcement agencies and media organizations. Anonymous said the list it had posted was a small slice of the 200 gigabytes worth of plunder it stole from Stratfor and promised...
  • Guy Fawkes Day: Anonymous Wreaks Havoc, Releases Credit Card Info Online

    11/06/2012 8:51:19 AM PST · by Silentgypsy · 6 replies
    Breitbart.com ^ | 11/05/2012 | Lee Stranahan
    The hacktivist group Anonymous “celebrated” the fifth of November (Guy Fawkes Day) through protest marches, defacing websites, and releasing the credit card information of law enforcement officers. The British holiday Guy Fawkes Day was popularized in the 2005 film "V for Vendetta", where a mask-wearing outcast overthrows a future totalitarian society. The holiday commemorates an actual historical event, where Guy Fawkes attempted to blow up the British House of Lords in 1605.
  • How Much of Obama's $181 Million September Haul Was Illegal?

    10/08/2012 4:54:08 PM PDT · by opentalk · 20 replies
    Breitbart Big Government ^ | October 8, 2012 | Mike Flynn
    The Obama campaign released news on Saturday morning of a holiday weekend, that it had raised a massive $181 million in September. It's a staggering sum heading into the final month of campaigning. It almost equals his fundraising for July and August combined. But details about Obama's fundraising windfall and a new report this morning from the Government Accountability Institute (GAI) raise troubling questions. Specifically, how much of this fundraising was illegal? GAI found that Obama's donation page doesn't use any industry-standanard card security measures. ...It isn't an oversight but a conscious decision to not use CVV security. In fact,...
  • Hezbollah Raises Latin American Profile

    09/18/2012 9:27:36 PM PDT · by neverdem · 43 replies
    Commentary ^ | 09.15.2012 | Michael Rubin
    @mrubin1971Two news stories from recent weeks, if true, should raise a red flag in the United States that Iran is preparing to use Hezbollah to strike at U.S. interests in Latin America, if not in the United States itself.First, this story from the Lebanese news portal Naharnet and sourced in part to Israeli radio. The Naharnet story was taken down shortly after it appeared: Hezbollah is using a training base established by Iran in northern Nicaragua near the border with Honduras, the Israeli radio reported on Thursday [September 6]. “The area is cordoned off and there are around 30 members...
  • The Biggest Financial Scandal In History?

    07/05/2012 2:00:45 PM PDT · by blam · 6 replies
    TEC ^ | 7-5-2012 | Michael Snyder
    The Biggest Financial Scandal In History?Michael SnyderJuly 5, 2012 We always knew that the financial markets were rigged, but this is getting ridiculous. It is now being alleged that 20 major banks have been systematically fixing global interest rates for years. Barclays has already been fined hundreds of millions of dollars for manipulating Libor (the London Inter Bank Offered Rate). But Barclays says that a whole bunch of other banks were doing this too. This is shaping up to be the biggest financial scandal in history, and criminal investigations have been launched on both sides of the Atlantic. What those...
  • Obama Campaign Disables Credit Card Verification [again]

    04/03/2012 8:51:08 AM PDT · by Lorianne · 36 replies
    PJ Media ^ | 02 April 2012
    This video is a follow-up to Adrian Murray’s facebook post over the weekend, in which he says that he donated to the Obama campaign as “Adolph Hitler,” occupation “Dictator” living at a German address. As you can see in the clip, citizen journalist George Scaggs of Austin tries the same thing at three different campaign sites, that of Obama, Romney and Santorum. Only the Obama site accepted the donation without the verification number. Let’s take a look at the three campaign websites mentioned in the video ... [graphics] The Obama campaign’s donation page for Americans living outside the US also...
  • Dave Say You're Looking for Trouble

    03/28/2012 7:20:25 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | March 28, 2012 | Dave Ramsey
    Dear Dave, I want to keep one of our credit cards open and use the bill-pay option for utilities and other monthly bills. I want to do this so we can continue earning rewards points, and the way I look at it, we’d just be re-routing the money and paying it off every month. My husband doesn’t like this idea and thinks we should get rid of them all. Am I just asking for trouble by wanting to keep the rewards card open?CherylDear Cheryl,Yes, you are. Life never works out exactly the way you think it will. You can make...
  • How Crooks Are Stealing Credit Card Information (just by walking by you)

    03/02/2012 8:19:06 PM PST · by doug from upland · 14 replies
    youtube ^ | 3-2012
    WATCH THE VIDEO
  • The Jihad Will Be YouTubed

    01/01/2012 3:26:29 PM PST · by Cindy · 25 replies
    FOREIGN POLICY - The AFPAK Channel ^ | December 15, 2011 | by Raffaello Pantucci
    The Jihad Will Be YouTubed by Raffaello Pantucci December 15, 2011 FOREIGN POLICY - The AFPAK Channel SNIPPET: "While clearly the technology to make such videos is something that is universal, it does seem as though it is aspirant jihadists in the West who find it easiest to use. There was no evidence that Gul was being directed by foreign terrorist organizations to produce his material, and his case shows the continued existence of young Westerners producing radical material on their own. It may indeed be the case that the virtual armies have yet to fully emerge as active warriors...
  • This 28-Year-Old Is Making Sure Credit Cards Won't Exist In The Next Few Years

    11/27/2011 5:15:18 PM PST · by decimon · 78 replies
    SFGate ^ | November 10, 2011 | Alyson Shontell
    There's a tiny 12-person startup churning out of Des Moines, Iowa that most people have never heard of. Dwolla was founded by 28-year-old Ben Milne, and it's an innovative new way of thinking about online payments that sidesteps credit cards completely. Milne has no finance background, yet his little operation is moving between $30 and $50 million per month, or about $350 million per year. We interviewed Milne about how he is building a credit card killer and Square rival from the middle of the nation where VCs and press are scarce. I'm told you're pissing off credit card companies....
  • Amendment to Dodd-Frank May Increase Credit Card Fraud

    09/28/2011 10:23:35 AM PDT · by hga1234 · 1 replies
    NerdWallet ^ | May 23, 2011 | Anisha Sekar
    After a rash of credit card identity theft schemes, the Durbin Amendment seems less tenable than ever. Interchange fees are, after all, levied to prevent and recoup losses after fraud. After Sony revealed that some PlayStation users’ credit card information was compromised, and arts and crafts chain Michaels reported that thieves had tampered with its debit card PIN pads, opponents of the Durbin Amendment used fraud costs as a rallying point. “[Michael’s] is a prime example of the role that debit interchange plays in ensuring the payment system operates smoothly and efficiently for consumers and financial institutions,” said Dan Berger...
  • As Plastic Reigns, the Treasury Slows Its Printing Presses

    07/06/2011 6:43:55 PM PDT · by markomalley · 11 replies
    NY Times ^ | 7/6/2011
    The number of dollar bills rolling off the great government presses here and in Fort Worth fell to a modern low last year. Production of $5 bills also dropped to the lowest level in 30 years. And for the first time in that period, the Treasury Department did not print any $10 bills. The meaning seems clear. The future is here. Cash is in decline. You can’t use it for online purchases, nor on many airplanes to buy snacks or duty-free goods. Last year, 36 percent of taxi fares in New York were paid with plastic. At Commerce, a restaurant...
  • U.S. credit cards becoming outdated, less usable abroad

    06/08/2011 12:38:38 PM PDT · by re_tail20 · 13 replies
    Creditcards.com ^ | October 1, 2008 | Allie Johnson
    At an increasing pace, countries across the globe are implementing "chip-and-PIN" credit card technology, which could create more hassles for travelers from the United States, which has no to plans to convert -- at least for now. The so-called smart cards -- usually referred to as chip-and-PIN cards because credit cards have computer chips on them and cardholders, instead of signing for purchases, must punch four-digit PIN numbers into terminals -- have become standard in the U.K. because of their superior fraud-prevevntion abilities. Other European countries followed, and now countries in Asia, North America and South America are doing the...
  • Feds in Washington Borrow 40 Percent of Every Dollar Spent

    Not only is the federal government borrowing 40 cents of every dollar it spends, it has also accumulated a national debt that is nearly 70 percent of the U.S. annual economic output. That is expected to be 100% be the end of 2011 if a new direction is not taken.
  • Feds bust South Beach club operators in sexy 'B-Girls' case

    04/08/2011 12:24:28 PM PDT · by ConservativeStatement · 29 replies
    Miami Herald ^ | April 8, 2011 | Jay Weaver
    Sexy Eastern European women dubbed "B-Girls" seduced touristy businessmen at a half-dozen South Beach nightclubs, generating hundreds of thousands of dollars in fraudulent charges on their credit cards for expensive bottles of champagne and other booze without their knowledge, federal authorities said Wednesday.
  • American Express to cut 550 jobs in consolidation

    01/19/2011 8:00:34 AM PST · by Qbert
    AP via Yahoo Finance ^ | 1/19/2011 | AP
    NEW YORK (AP) -- American Express said Wednesday it plans to close a service center in Greensboro, N.C., and cut 550 jobs as more of the credit card company's transactions are handled online and on mobile devices. The moves will lead to charges that will reduce fourth-quarter earnings. New York-based American Express said work now handled in Greensboro will be transferred to other locations in the U.S. A broader consolidation plan also will transfer work from a center in Madrid, Spain, to sites in the United Kingdom and Argentina, and shift service support for Japanese card operations from Sydney, Australia...
  • The WikiLeaks Cartel

    12/09/2010 5:28:17 PM PST · by Kaslin · 14 replies
    IBD Editorials ^ | December 9, 2010 | Staff
    Cyberwar: If there was ever any doubt WikiLeaks is a criminal enterprise, it has vanished now that hackers have attacked MasterCard, Visa and Amazon.com. This is the work of organized crime, not spontaneous dissent. For years, WikiLeaks has claimed that its release of stolen U.S. classified documents over the Internet fosters democracy, transparency and informed public discourse. For such public-spiritedness, it's been lionized by the Economist magazine and Amnesty International and showered with left-wing foundation money. Now the mask is off, and the reality is far uglier. Embittered by MasterCard, Visa and Amazon.com's refusal to do any business with WikiLeaks...
  • Credit card thieves deliver costly lesson

    12/05/2010 10:11:52 AM PST · by KeyLargo · 35 replies
    Chicago Southtown-Star ^ | December 3, 2010 | Fran Eaton
    Credit card thieves deliver costly lesson December 3, 2010 By Fran Eaton I wish this column was just a public service announcement on being careful about your credit cards during the Christmas shopping season, but it isn't. This week I was victimized by a thief while my credit card remained safe in my wallet in my purse. Or, rather, I thought it was safe. It wasn't until I got a call from a slightly irritated husband asking why our card was declined when he tried to use it for a purchase that I had reason to double-check our account. I...
  • Feds Warrantlessly Tracking Americans' Real Time Credit Card Activity

    12/03/2010 5:27:18 PM PST · by Clint Williams · 6 replies
    Slashdot ^ | 12/3/10 | Soulskill
    PatPending writes "A 10-page Powerpoint presentation (PDF) that security and privacy analyst Christopher Soghoian recently obtained through a Freedom of Information Act Request to the Department of Justice reveals that law enforcement agencies routinely seek and obtain real-time surveillance of credit card transactions. The government's guidelines reveal that this surveillance often occurs with a simple subpoena, thus sidestepping any Fourth Amendment protections."
  • More than 8 million drop out of credit card use(

    11/30/2010 9:17:26 AM PST · by US Navy Vet · 31 replies
    AP via Yahoo ^ | November 29, 2010 | Eileen Aj Connely
    NEW YORK (AP) -- More than 8 million consumers stopped using credit cards over the past year. The decline stems from a combination of consumer choices and bank actions. An analysis by credit reporting agency TransUnion found that use of general purpose credit cards bearing MasterCard or Visa logos, or issued by Discover or American Express, fell more than 11 percent in the third quarter, compared with the July to September period last year.
  • Electronic pickpocketing puts your credit cards at risk (TSA probably using this too)

    11/25/2010 9:32:27 AM PST · by Evil Slayer · 30 replies
    wtsp.com ^ | 11/25/10 | Preston Rudie
    St. Petersburg, Florida - If you had any doubt that someone could steal your credit card numbers by simply walking past you, a few minutes with Walt Augustinowicz will probably chance your mind. "Wow that is crazy. It kind of makes me nervous," said Reina Monsour after watching one of Augustinowicz's demonstrations. "Technology is getting scarier and scarier," added Ivan Marik after watching another demonstration. By simply using a credit card scanner attached to a battery pack, Augustinowicz shows how easy it is to grab sensitive information from an unsuspecting person.
  • INTERNATIONAL HACKER ARRAIGNED AFTER EXTRADITION Elaborate Scheme Stole over $9.4 Million...

    08/07/2010 4:01:49 PM PDT · by Cindy · 4 replies
    NOTE The following text SNIPPET is a quote: International Hacker Arraigned After Extradition Elaborate Scheme Stole over $9.4 Million from Credit Card Processor ATLANTA, GA—SERGEI TŠURIKOV, 26, of Tallinn, Estonia, has been extradited to the United States. TŠURIKOV appeared today and was arraigned before United States Magistrate Judge E. Clayton Scofield III, on federal charges of conspiracy to commit wire fraud, wire fraud, conspiracy to commit computer fraud, computer fraud, and aggravated identity theft. TŠURIKOV was indicted by a federal grand jury on these charges on November 10, 2010, along with VIKTOR PLESHCHUK, 29, of St. Petersburg, Russia; OLEG COVELIN,...
  • Credit Cards Take From Poor, Give to the Rich

    07/28/2010 7:10:39 AM PDT · by SeekAndFind · 26 replies · 2+ views
    Wall Street Journal ^ | 07/27/2010 | Michael S. Derby
    Credit cards appear to be the reverse Robin Hoods of the financial world. A new paper from the Federal Reserve Bank of Boston says merchant fees and reward programs offered by many credit-card issuers essentially take money from those who have the least and give it to those who have the most. The imbalance may have to be remedied via government intervention, the authors, Scott Schuh, Oz Shy and Joana Stavins, argued. The paper was published as part of the bank’s Public Policy Discussion Papers on Monday. It comes amid big changes for the financial industry, as the nation’s bank...
  • 38 DEFENDANTS INDICTED IN MULTI-MILLION DOLLAR FRAUD

    07/11/2010 2:43:05 PM PDT · by Cindy · 10 replies · 3+ views
    Note: The following text is a quote: http://www.justice.gov/usao/mow/news2010/harrison.ind.htm JULY 9, 2010 FOR IMMEDIATE RELEASE BLACK MARKET TRAVEL AGENTS 38 DEFENDANTS INDICTED IN MULTI-MILLION DOLLAR FRAUD LOCAL INVESTIGATION EXPOSES NATIONWIDE NETWORK THAT USED STOLEN IDENTITIES, CREDIT CARDS TO PURCHASE AIRLINE TICKETS KANSAS CITY, Mo. – Beth Phillips, United States Attorney for the Western District of Missouri, announced today that 38 defendants from across the United States have been charged in a series of indictments that allege an extensive network of black market travel agents who used the stolen identities of thousands of victims as part of a multi-million dollar fraud scheme...