Credit Card News

Capital One Slashes Purchase Price of Hibernia Bank - Capital One on Wednesday slashed the price they were willing to pay for Hibernia, a bank located in Louisiana. In the wake of disaster following Hurricane Katrina, Capital One executives are attempting to purchase the bank chain for a lower price than originally agreed upon because of the damages done by the storm.
Studies Show that Online Banking has Stagnated - A new study has shown that the percentage of Americans who do their banking activities online has leveled out in the past 12 months. Standing at just 39%, the number indicates how many Americans depend solely on online banking for their checking and savings accounts as well as for tracking credit card balances and transactions.
HSBC Provides Financial Relief for Hurricane Victims - HSBC North America has reacted to the disaster of Hurricane Katrina by allowing certain customers to waive late fees and hold off on payments to their loans and credit cards.
Eight Credit Card Companies Accused of Antitrust Violations - A lawsuit has been filed in a New York federal court that charges eight credit card companies with violating US anti-trust laws through the process of mandatory arbitration which they have imposed on their customers.
MasterCard Goes Public - On Wednesday August 31 2005, MasterCard announced plans to become a public company. They are overhauling the ownership structure under which they have operated for the past several decades 2cd Sept 2005
Don’t Blink: New Technology Coming To An Airline Near You - Chase Bank USA has announced that their United Mileage Plus Visa credit card, which is issued in conjunction with United Airlines, is the first airline rewards credit card to feature a new technology called "blink." 1st Sept 2005
Axalto Makes Headway in China - The Palmera Smart Card, issued by the Axalto company of Beijing, was recently awarded the first EMV certification ever issued in China.
More and More Americans Using Plastic at the Pump - If you’re like most Americans these days, you probably find yourself reaching more and more for your credit card at the gas station. In fact, as gas prices continue to rise, many Americans are maxed out with their budgets, and their credit cards are the only place they can turn.
Do the New Bankruptcy Laws Affect You? - In April 2005 President Bush signed a bankruptcy reform bill into law. This new bill, which will make it more difficult for individuals to clear their debt in a bankruptcy, goes into effect on October 17th 2005.
Credit With Training Wheels for Your Teen - Last year, the biggest new teen fashion accessory was the cell phone. This year, the hottest teen accessory is a credit card. According to a national survey, the average teen spends about $100 a week, and over $5,000 a year. That all adds up to a nearly $200 billion market
Keeping an Eye on Your Credit - Financial experts have advised for years that people should check their credit reports from ALL THREE credit reporting agencies at least once a year to scan for errors and problems. With the recent publicity of high profile cases involving security breaches at major credit card companies and financial institutions, their advice takes on ominous urgency.
Initiatives Help Meet Growing Demand for Focused-Use Cards - Imagine being able to offer your sales force dinner at one of six different restaurants in town as an incentive. Or being able to choose five specialty stores from which your employees can choose rewards as Employee of the Month
Credit Card Spending Just Got Easier - If GE Consumer Finance and Mejier Stores have their way, swiping your credit card will soon by a thing of the past. Mejier and GE recently announced that all Mejier stores will accept MasterCard PayPass at all 171 of its locations
Texas Man Hits it Big with MasterCard Dreamcard - The American DreamCard offers the UnLotto rewards credit card, a pioneering alternative to 1% back cash rebate cards that offers its users the opportunity to win cash prizes starting at $25,000 a month
Cashless Credit Hits College Campuses - Thanks to a newly announced integration between USA Technologies e-Port vending system and ARAMARK's proprietary ScanPlus stored-value card, college students at the University of North Carolina's Greensboro campus no longer have to search for quarters for the vending machine
Traveling Just Got Easier with American Express Business Travel - American Express Business Travel is making it easier than ever for companies that need travel amenities for their employees. The largest travel management company in the world announced yesterday that they are making enhancements to two of their marquee traveler security and benefit programs
Wells Fargo Settles Suit - In a settlement approved by Los Angeles County Superior Court Judge Anthony Mohr Thursday August 12, Wells Fargo & Co. has agreed to pay at least $19 million and as much as $34 million to settle claims against the company 8/15/05
“Fun” Credit Cards Now Available To Teens - Doc Hollywood Kidz is teaming up with Relay Capital Corporation to bring more fun and value to kids across the country. The two companies announced plans this week to release a new stored value Master Card/Visa that will offer teens and pre-teens special incentives, bonuses and awards 8/15/05
The Skinny on Balance Transfers - If you’ve got a lot of debt on a few high interest credit cards, then chances are that those offers you’re likely receiving in the mail for lower rate cards are looking pretty good.
What Rising Interest Rates Mean to Credit Card Debtors - Because of the recent rise in interest rates, you may find yourself asking what that will mean to your credit card balance. The news isn’t great. Because monthly credit card payments are tied .. 8/11/05
New Tools For Protecting Your Credit Identity - In the past, if you wanted to check on the health of your credit report, you would have to pay a fee to each of the three credit reporting agencies in order to just look at it. But now, with the newly revised Fair and Accurate Credit Transactions Act of 2003 (FACTA), that’s all changed. 8/8/05
Six California Women Given A Shot by American Express - Imagine that you owned a business and just knew that it was on the verge of breaking through and becoming a major success—only to learn that getting someone to lend you the expansion capital wasn’t as easy as you’d believed. 8/7/05
How To Think Like a Lender - Have you ever wondered how lenders evaluate whether or not you’re a good credit risk? After all, we’re constantly being told about how important it is to maintain a good credit score, but it seems that the actual “how to’s” of that aren’t so simple. 8/4/05
Use this Card Without Spending a Dime - Welcome to the world of gift cards, one of the hottest new trends in the business financial world. In a recent study conducted by First Data Prepaid Services, a division of First Data Corporation, researchers found a virtually untapped market for specialty and forward moving retail organizations.
Credit Card Debt Contributes to Drop Out Rate—And What Operation HOPE is Doing About It - With the obvious lack of financial training in American homes, and the complete absence of it in our schools, just where is a teen supposed to learn how to manage that credit card he’s got in his wallet?
Identity Theft: A Bigger Problem Than Most People Realize - It’s something that can happen to anybody, although most of us think about identity theft as something that happens to the “other guy.” The reality is that this particularly nasty crime is growing, and what’s worse, according to a new study
Case Against Mastercard and Visa Dismissed - In a ruling in favor of Mastercard, Visa and several other defendants, Judge Jeffrey S. White in the Northern District of California dismissed the lawsuit that alleged that the credit card companies were actively participating in price fixing the fees that merchants have to pay in order to accept credit cards in their businesses.
Just What Are You Paying Your Credit Card Company? - There’s no doubt about it—profit margins for credit card companies are way up. At first glance, you may think that it’s due to the spending craze that Americans seem to be on—funded in large part by credit cards 7/28/05
Teaching Kids About The Value of a Credit Card - More of us than we want to admit will probably remember being thrilled at $1 per week allowance. And when we went off to college, our parents may have opened a bank account for us, and then deposited a monthly spending allowance into it. 7/27/05
How Does Your Credit Card “Behavior” Stand Up? - What was the deciding factor when signing up for your last credit card? What offers are the most important to you when considering which credit card to get? How do you pay your credit cards? If you’ve ever wondered how your credit card “behavior” measures up to other Americans? 07/21/05
Another Step Toward Fraud Detection - It’s every consumer’s nightmare. You go to a restaurant, and after a great meal and good conversation, you hand your credit card to the waitress who disappears with it for a short time. You assume that she is merely swiping your card for the amount stated on the bill that she brought you, but in actuality, she is secretly running your card through a skimmer
Credit Cards Play a Huge Role in Back to School Spending - What could you do with $573? According to the majority of parents with school age children, that’s about what they’ll spend to get their children ready for the new school year. 19/7/05
New Lawsuit May Mean Lower Grocery Bills - In a lawsuit filed late yesterday by seven major grocery and drug store chain stores (Kroger, Albertson’s Incorporated, Eckerd Corporation, Maxi Drug, Inc., Walgreen Company, Ahold, USA. Inc., and Safeway, Inc.), Visa USA, Inc. and Visa International Service Association are being sued for price-fixing the interchange fees charged to those merchants. 7/15/05
Americans Don’t Truly Understand FICO Scores - You are likely familiar with the term “credit score,” but do you truly understand exactly what it is, and just how it can affect your ability to not only get a loan, but the interest rate you’ll pay as well as the amount of your monthly payments?...07/14/05
Breach of Security or Criminal Behavior? - The class action suit filed on June 27 on behalf of California credit card holders, as well as affected merchants against MasterCard, Visa, CardSystem Solutions (a credit card processor) and Merrick Bank has taken on entirely new proportions in the past week. 7/14/05
Let’s Take Another Look At Low Interest Rate Credit Cards - Since the 1980’s, credit card companies have been on a mass mailing campaign to get your business, and one of their most ingenious ways of going about it was with 0% APR credit cards. The idea was a hit, and has become a part of the industry that isn’t likely to go away. 7/13/05
What Do The New Minimum Payments Mean To You? - Don’t be surprised if you open your credit card statement this month and find out that the minimum payment has doubled. Acting on a mandate by the Federal Government, credit card companies are changing their ways... 7/11/05

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