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MasterCard and CyberShift offer integrated expense management solution

Posted by Scott Kelly on August 28, 2009

MasterCard and CyberShift are providing MasterCard issuers with CyberShift’s Expense Management Automation solution

PCI Security Standards Council releases recommendations to prevent card skimming

Posted by Scott Kelly on August 28, 2009

The PCI Security Standards Council released new recommendations and best practices for retailers to protect against credit and debit card skimming scams

Debit cards at greater risk for theft

Posted by Scott Kelly on August 28, 2009

Consumers are increasingly turning to debit cards, but debit cards are less secure and more attractive to thieves

Some Citigroup accounts getting annual fees 

Posted by Scott Kelly on August 25, 2009

Citigroup is now instituting annual fees on some current credit card accounts.

Aentra teams up with edo Interactive to provide simplified gifting

Posted by Scott Kelly on August 19, 2009

Marketing platform, edo Interactive, has partnered with Aentra to provided consumers a new way to give monetary gifts.

PartnersFirst changes the way the credit card industry makes money

Posted by Scott Kelly on August 17, 2009

PartnersFirst is a small credit-card company that is making big waves by offering new credit cards without fees.

MasterCard and WestJet announce new travel rewards card

Posted by Scott Kelly on August 7, 2009

WestJet, a leading Canadian airline, is launching a new travel rewards card with MasterCard.

New Product turns iPod and iPhone into credit card processor 

Posted by Scott Kelly on August 7, 2009

A new apple attachment called Square is allowing Apple retail stores to use iPhones and the iPod Touch to ring up customers.

Chase and United Airlines introduce three new premium credit cards

Posted by Scott Kelly on August 5, 2009

Chase and United Airlines are making travelers dreams come true with three new premium visa credit cards with different rewards and benefits for travelers.

Surfrider Foundation Platinum Rewards Visa saves the waves with purchases 

Posted by Scott Kelly on August 3, 2009

The Surfrider Foundation has announced a partnership with Visa to release a Platinum Reward card to support the Surfrider’s dedication to saving the world’s oceans and waves

MasterCard creates iPhone application for “priceless” moments

Posted by Scott Kelly on August 1, 2009

MasterCard has created an iPhone application to allow consumers to share “priceless” places, things, bargains and more.

Home Depot will now accept MasterCard PayPass contactless cards

Posted by Scott Kelly on July 29, 2009

Home Depot, the world’s largest home improvement retailer, will now allow customers the convenience of using MasterCard PayPass, a contactless payment system, in stores.

Visa announces changes in management structure

Posted by Scott Kelly on July 29, 2009

Visa Inc. announced Monday, July 27, that company President John Morris will step down from his role and leave the company at the end of the year.

Visa tests mobile alerts for card customers

Posted by Scott Kelly on July 24, 2009

As consumers look for more ways to protect their money and credit scores, Visa responds with a new text messaging service. The service is being touted as a way for customers to deal with card fraud and have more tools for money management.

Credit card growth increases despite economic problems

Posted by Scott Kelly on July 24, 2009

The global economy is sinking and new laws are cracking down on credit card companies, but that hasn’t slowed credit card growth. Visa is leading the charge on international growth.

Two credit companies report decline in credit card delinquencies

Posted by Scott Kelly on July 22, 2009

American Express and Capital One both reported a decline in credit card delinquencies for the month of June. This is one small sign that the economy may be turning.

Schwab Bank Invest First Visa credit card makes investing a priority

Posted by Scott Kelly on July 17, 2009

Schwab Bank and Visa have partnered to create a credit card that automatically deposits cash back rewards into a Schwab One brokerage account each month.

Most common way thieves steal credit card numbers

Posted by Scott Kelly on July 16, 2009

Credit card theft is an increasing problem and thieves are getting more clever in the ways they obtain personal information to make fraudulent charges. With increased awareness consumers can safeguard themselves against theft.

PayPal and MasterCard offer virtual card

Posted by Scott Kelly on July 15, 2009

Virtual credit and debit cards are a little known service that keeps personal payment information private by creating a one-time use number for online purchases. The PayPal virtual card is a MasterCard number used in place of a credit or debit card number

Citi offers two cards with 0% APR on purchases and balance transfers

Posted by Scott Kelly on July 14, 2009

As consumers feel the credit squeeze, Citi’s offer of zero percent APR on balance transfers and new purchases might be a necessary tool to relieve credit stress.

Use credit card introductory offers to lower or eliminate debt

Posted by Scott Kelly on July 14, 2009

While moving debt from card to card, or using credit to pay off debt is a risky decision, credit card offers with low introductory rates can be key to lowering debt. As credit card companies court new customers they offer low rates and fees.

Secured Credit Cards will become best option for student credit cards

Posted by Scott Kelly on July 13, 2009

When the Credit Card Accountability, Responsibility and Disclosure Act of 2009 becomes law, it will become difficult for anyone under the age of 21 to get a credit card.

Hawaiian Airlines and Visa make travel more affordable

Posted by Scott Kelly on July 11, 2009

During a struggling economy and tightening budgets, vacations are one of the first things to go as people reduce spending and shrink budgets.

Credit Union launches card with high purchasing power

Posted by Scott Kelly on July 8, 2009

Texas Dow Employees Credit Union has entered the elite credit card market with its Onyx Card.

New prepaid “credit” card for Muslim population

Posted by Scott Kelly on July 8, 2009

In Canada it can be nearly impossible to accomplish many every day purchases without credit, but Canada has a Muslim population of one million people that follow Islamic law which forbids the charging or payment of interest.

Discover uses text messages to help customers manage money

Posted by Scott Kelly on July 8, 2009

Discover Financial Services has launched a new program to allow customers to receive mobile reminders about accounts.

Time and perseverance can protect and raise credit scores

Posted by Scott Kelly on July 7, 2009

Credit is increasingly harder to get and the price of using credit continues to rise.

Visa and McDonald’s partner in employer-based financial literacy program

Posted by Scott Kelly on July 6, 2009

Visa and McDonalds are offering free comprehensive money management tools to more than 500,000 restaurant-level McDonald’s employees in an effort to increase financial literacy and responsibility.

Choosing credit before industry reforms begin

Posted by Scott Kelly on July 6, 2009

Changes in the credit card industry are coming, but for those getting a credit card before the changes, Bankrate.com has issued guidelines for choosing credit wisely.

Visa Card supports young filmmakers

Posted by Scott Kelly on July 4, 2009

Visa has released a Platinum Rewards Card in partnership with the New York Film Academy to let purchases support the arts.

Finance study finds Discover most forgiving

Posted by Scott Kelly on July 3, 2009

Discover Financial Services is one of the most forgiving credit card companies according to a Bankrate.com study.

Budget is an Important Financial Tool

Posted by Scott Kelly on July 2, 2009

Budgeting seems like a simple step towards financial stability, but it is a step that many people never take and even actively avoid.

Minimum payments starting to rise rapidly

Posted by Scott Kelly on July 2, 2009

A New York couple with $25,000 in credit card debt, who say they haven’t missed payments, saw their minimum payment rise from $500 to $1,300 a month as their bank raised the minimum monthly payment from two percent to five percent.

Credit fees rise

Posted by Scott Kelly on July 2, 2009

Banks reacting to Congressional changes in credit card policies have begun raising fees for certain customers, according to published reports.

American Express offers new savings vehicles

Posted by Scott Kelly on June 24, 2009

Seeking to respond to consumers who have become increasingly concerned with savings as the country’s economic crisis deepens, American Express launched a new line of FDIC-insured CDs and high-yield saving accounts, including a 24-month certificate of depo

Credit Union cards tout early compliance with regulations

Posted by Scott Kelly on June 23, 2009

A recent study by two Harvard University graduate students found that credit unions are less likely to charge the fees and penalties that the new Credit Act of 2009 hopes to eliminate. Further, the study states, when credit unions do charge fees commonly

Think twice before you “settle” your credit card accounts

Posted by Scott Kelly on June 22, 2009

While debt-ridden consumers are getting loads of advice on how to negotiate with banks to pay off or eliminate credit card debt, the full impact of that decision is often lost in the hoopla.

Consumers should pay closer attention to credit card statement

Posted by Scott Kelly on June 22, 2009

With Congress passing new legislation that requires credit card companies to make fees more clear, consumers may better understand the financial consequences of paying late, making only mimimum payments or even how long it will take to pay the card off.

Prepaid credit card offers on the rise

Posted by Scott Kelly on June 22, 2009

An Internet search through available card offers found that while banks are reducing the overall number of credit offers, particularly to those with troubled credit histories, opportunities for prepaid credit cards are on the rise.

Five tips for keeping a strong credit score

Posted by Scott Kelly on June 22, 2009

With the pool of available credit dwindling, consumers should do everything they can to keep their credit score high.

Company offers small businesses ability to process credit cards through iPhone

Posted by Scott Kelly on June 22, 2009

CellCharge, a company that specializes in phone-based credit card transactions, announced this week it added the popular iPhone to the company’s list of services that can be used to process credit card transactions.

Credit card interest rates waver in past week

Posted by Scott Kelly on June 19, 2009

Consumers looking to take advantage of the best deals for credit cards have to surf carefully through the rolling waves of rising and falling rates, according to several recent surveys.

Where you shop could alter your credit availability

Posted by Scott Kelly on June 19, 2009

Banks and credit card companies, like all other businesses, wisely keep trade information about how they do business as close to the vest as possible. But recent action by Congress to scrutinize, and perhaps further regulate the credit card industry could

Airline merger leads to credit card shuffle for American Express, U.S. Bank

Posted by Scott Kelly on June 19, 2009

News of airline mergers and transitions are nothing new, but perhaps lost in the shuffle of the latest merger between Delta and Northwest is the change that will result for credit card holders who earn points and rewards for each airline.

BBB warns of automated calls promising to lower credit card interest rates

Posted by Scott Kelly on June 17, 2009

The Better Business Bureau issued a news release this week warning consumers against automated phone calls that promise to help them lower interest rates on their credit cards.

Banks aggressively settling to reduce future liability

Posted by Scott Kelly on June 17, 2009

Faced with unprecedented numbers of troubled customers, credit card companies are settling delinquent accounts for substantially less than the amount owed, according to a report in the New York Times.

Credit card interest rates waver in past week

Posted by Scott Kelly on June 17, 2009

Consumers looking to take advantage of the best deals for credit cards have to surf carefully through the rolling waves of rising and falling rates, according to several recent surveys.

Forbes: Credit cards can be a tool in buying a home fast

Posted by Scott Kelly on June 16, 2009

The sharp, continued drop in real estate sales has created a new opportunity for credit card companies and their customers, according to a report by Forbes.

Citibank expands with 10,000 credit cards in Korea

Posted by Scott Kelly on June 16, 2009

Citibank recently expanded its Visa PremierMiles credit card to Korea. Since the program’s launch Citibank Korea has already issued 10,000 credit cards.

Consumer advice: shop for cards now

Posted by Scott Kelly on June 11, 2009

Though the full weight of credit-card laws passed by Congress don’t kick in until February, some laws will begin to have an effect as early as August.

Gas rebate cards offer money back on gasoline purchases

Posted by Scott Kelly on June 10, 2009

BP Gasoline and JP Morgan Chase have partnered to offer consumers gas rebate cards with one of the highest rebates currently available.

Reports find Capitol One, Simmons best for avoiding fees while traveling abroad

Posted by Scott Kelly on June 9, 2009

Think paying a small percentage on purchases doesn’t matter to consumers these days? Think again.

Consumers may increasingly bear the brunt of credit card swipe fees

Posted by Scott Kelly on June 9, 2009

Small businesses, particularly convenience stores, are looking for ways to pass along “swipe fees,” often their biggest expense, to consumers, according to reports in business journals.

Warm weather spurs credit card spending

Posted by Scott Kelly on June 9, 2009

A new report suggests that warm weather means increased credit card sales from motivated consumers buying outdoor items like grills, landscaping supplies and summer clothing.

College students need mentors for proper credit card management

Posted by Scott Kelly on June 8, 2009

In the 1990s fewer than 10 percent of college kids had credit cards. Today, that figure tops 70 percent, a staggering rise that led directly to revisions in Congress’ credit card legislation targeting college-aged students.

Credit Card consolidation hot topic among financial bloggers

Posted by Scott Kelly on June 8, 2009

Folks who make a living writing about consumer finance these days are increasingly dealing with the felt-need to reduce person debt and lower credit card payments.

First signs of economic spending stability on horizon

Posted by Scott Kelly on June 8, 2009

American have relied increasingly less on credit card spending in recent months, according to Federal Reserve data released for May. But some industry experts have shown signs of a stabilization that suggests Americans have been at least slightly buoyed b

Chase offers new reward program amid credit crisis

Posted by Scott Kelly on June 8, 2009

Despite the general trend to scale back credit offers and incentives, JP Morgan Chase and Co. introduced a new program for credit card rewards last week.

Transfer card offers can beat climbing interest rate average

Posted by Scott Kelly on June 5, 2009

Two years ago, before the economic recession took hold, the average interest rate on credit cards was 16.3 percent according to a financial information group’s data.

Prepaid debit cards offer alternative to debt, theft and costly overdraft fees

Posted by Scott Kelly on June 5, 2009

Prepaid debit cards have gained a foothold with consumers seeking to safeguard themselves from past financial problems, according to financial analysts.

American Express to ‘suffer less pain’ under new laws, others to adapt

Posted by Scott Kelly on June 4, 2009

American Express Co. believes it is ahead of the curve compared to its major rival companies in adjusting to the new credit card laws that will take effect in February because it depends less on interest paid by customers.

Card Cops protect consumers from billion dollar credit card fraud industry

Posted by Scott Kelly on June 4, 2009

Identity thieves steal billions each year through credit card fraud, though often the consumer is unaware of how he or she has been compromised.

SBA sees rise in small business credit card use

Posted by Scott Kelly on June 3, 2009

Faced with uncharted economic threats, small businesses responded in 2008 by taking out fewer small business loans and relying more on credit cards, according to a report by the Small Business Association.

Visa says change, restructuring of credit card industry on the way

Posted by Scott Kelly on June 3, 2009

When Visa talks in the credit card industry, everyone listens. Such is the power of the world’s largest payment network. And Visa Inc., according to recent reports, said the industry is going through a major restructuring following Congress’ Credit Card A

American Airlines converts to cashless cabins onboard flights

Posted by Scott Kelly on June 2, 2009

American Airlines announced it has gone cashless onboad flights within the continental United States, on flights to Hawaii, Alaska and Canada. The new policy took effective on June 1.

College students may find it tougher to get credit

Posted by Scott Kelly on June 2, 2009

While much has been made of Congress’ recent action to limit credit card fees, particular fallout is that credit for college students will likely be more difficult to obtain.

Applied Bank earn A-plus rating from TheStreet.com

Posted by Scott Kelly on June 1, 2009

Applied Bank earned an A+ from TheStreet.com as one of the top 40 banks in America in terms of financial strength.

Public Savings Bank issues low-cost secured credit card to help rebuild credit

Posted by Scott Kelly on June 1, 2009

Public Savings Bank has released a new Visa secured credit card designed to assist customers in rebuilding their credit scores.

Tuffy Auto offers a new credit card for car repairs

Posted by Scott Kelly on June 1, 2009

Tuffy Auto Service Centers has launched a new credit card to help people cover needed auto expenses during this tough economic climate.

Consumers warned about advance-fee loan fraud

Posted by Scott Kelly on June 1, 2009

A new fraudulent scam from fake lenders is taking advantage of struggling Americans, according to published reports.

New credit card with automated keyboard and pin undergoing trial test in UK

Posted by Scott Kelly on June 1, 2009

A new effort to combat credit card fraud launched in the United Kingdom last week.

Discover Card launches new tool for spending analysis

Posted by Scott Kelly on June 1, 2009

Discover Financial Services recently launched its newest financial tool, the Spend Analyzer.

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