Hackers from Russia and the Ukraine are penetrating credit card databases connected to e-commerce Web sites. The FBI's National Infrastructure Protection Center said last week that more than 40 businesses located in 20 states have been victims of organized ...
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Even though Citigroup is battling predatory lending charges with its newly acquired Associates sub-prime lending business, the nations #1 bank credit card issuer is burnishing its image with students. This week, Citi announced it is teaming with EdVenture ...
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Another card swap is underway. This week some Montgomery Ward credit card holders are receiving Wal-Mart credit cards as replacement cards. Montgomery Ward filed bankruptcy in December and immediately shut down its credit card program.
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The smart card battle in the U.S. picked up momentum this week when VISA unveiled a smart business card to answer the American Express Blue for Business smart card. The new smart VISA Business card builds on the consumer VISA smart card program introduced ...
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It is very likely the U.S. Senate will pass S. 420, the bankruptcy reform bill, this week. The U.S. House approved the same legislation last week by an overwhelming majority. The House vote was 306 - 108 vote which included 93 "yes" votes from Democrats.
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U.S. retailers, especially discount warehouses, love the Discover Card for its lower merchant fees. However, starting April 1st, Discover Card merchants will have to shell out an extra eight cents for every credit card transaction.
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As general interest rates drop so are credit card teaser rates. Several of the nation's top issuers have renewed solicitations for bank credit cards with 0% introductory APRs with no-annual-fee.
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You know it is a cruel world when you get ripped off on insurance that is supposed to protect you from rip-offs. The purveyors of a well-organized scheme designed to defraud consumers through the sale of credit card protection insurance and debt consolidation ...
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Credit card issuers are being blasted as hypocrites. The Consumer Federation of America released a report this week crying foul over the credit card industry's pushing of bankruptcy reform while at the same time pushing big credit lines to consumers.
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While there are mounting concerns that personal bankruptcies will rise this year, the final tally for 2000 shows a 5% net decrease over 1999. The new figures may take some steam out of the bankruptcy reform legislation floating in Congress.
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