Citibank got hammered last month with a record number of unique phishing attacks, comprising more than half of the total attacks in the financial services sector, and surpassing eBay as the prime target. Citi experienced 475 unique attacks during April, ...
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During the first three months of this year, there were 407,572 consumer and business bankruptcy filings, which was down slightly from 1Q/03's 412,968 filings. However, year-to-date consumer and business bankruptcy filings were up 2.7%.
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The "Sony VISA" card will come alive next month for gizmo and music lovers. Bank One and Sony have organized a two-day experience in New York City including a mind-blowing display of entertainment thingamajigs and two concerts in the park.
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Always on the cutting-edge, American Express recently released its second webisode featuring Jerry Seinfeld and Superman. The new "Hindsight is 20/20" promotes AmEx's "Roadside Assistance" service.
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Going to a bank or hitting an ATM for a cash advance using your credit card has always been a bad deal, since you have to pay a special fee based on the amount advanced, a higher interest rate than what you pay for purchases, and interest charges start ...
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A new survey confirms that many banks are immediately charging late fees on payments not received on the due date and high punitive interest rates after just one or two late payments or a change in credit performance with other creditors. San Francisco-based ...
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All of the nation's top ten bank credit card issuers, including American Express and Discover, have raised late fees during the last three years by an average of 23%. During this same period, the number of VISA and MasterCard accounts past-due has soared 50%, ...
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Interest rates charged to cardholders who miss payments, exceed credit limits, or otherwise default in some other manner, have increased from an average of 23.26% in April 2001 to an average of 26.16% for last month. Since many of these rates are variable, ...
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Check transaction volume experienced its steepest drop of the past four years, more than doubling the 2002 rate of decline. The latest government report indicates that check transaction volume declined by 4.7% in 2003 to 39.5 billion checks.
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VISA is bracing for a $5 million pay-out on June 5th should "Smarty Jones" win the Belmont Stakes and become the 12th horse in history to win the "Triple Crown." VISA has been holding the bonus for eight years as part of its "VISA Triple Crown Challenge ...
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