Credit Card News Archive

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Credit card industry analysts who fear mobile payment technologies will increase fraud aren't seeing the big picture, according to Javelin Strategy & Research founder Jim Van Dyke. In a post to Javelin's corporate blog, Van Dyke drew from his company's research to show two ways consumers can look at payment fraud data. On one hand, Javelin's [...]
Chase Card Services has announced it will increase its donations from its AARP Visa Card to help fight hunger in older Americans during the month of May. The credit card company has committed to doubling its donations during May, which has been designated Older Americans Month. Chase announced last year that during 2011 and 2012 it [...]
Categories: Chase Bank
Chase Card Services and LivingSocial have teamed to launch a new credit card known as the LivingSocial Rewards Visa Card, the companies announced via a press release. The new rewards credit card is the first to team with a social buying site to offer cardholders an easy way to quickly earn points toward discounted deals. LivingSocial [...]
Western Union wants to grow its footprint to more than a million locations over the next few years, and the company thinks a line of prepaid debit cards can help achieve that goal. The global payment services provider celebrated the opening of its 500,000th agent location in April, and news reports indicate that upcoming partnerships [...]
FBI and Justice Department investigators seized three dozen domain names from websites that sell stolen credit card numbers, according to officials. Operation Wreaking hAVoC targeted sites that offered access to compromised accounts for between $2 and $100 per card number. Capital One, SunTrust and Bank of America representatives assisted investigators by confirming the validity of [...]
Delta SkyMiles from American Express has taken the top award for Best Loyalty Credit Card in the travel industry's annual Freddie Awards. Delta SkyMiles was also one of three finalists for the Program of the Year award, which eventually went to American Airlines AAdvantage frequent flier program. USA Today noted this year's awards garnered more than [...]
More than two-thirds of Americans lack the cash to survive for more than three months after an unexpected illness or job loss, according to research commissioned by Visa Inc. and Kiplinger's Personal Finance Magazine. The companies unveiled the results of the 2012 Global Financial Literacy Barometer at an annual financial literacy summit sponsored by Visa [...]
Categories: Visa
Capital One continues to tempt consumers and small business owners alike with its rewards cards. In its Spark series, Capital One offers not one but six rewards cards designed to appeal to entrepreneurs. The suite of cards is dubbed "Spark Business" and comprises half a dozen products with tools and benefits specially designed to help you [...]
American Express has announced that its charge cards and credit cards will now be accepted when consumers make purchases at Giant Food Stores and Martin's Food Markets, the credit card company said in a press release. The new payment method went into effect on April 22. Giant and Martin's grocery stores are located in the Mid-Atlantic [...]
Categories: American Express
U.S Bank is partnering with North Carolina State University to offer new students, staff and faculty a prepaid debit MasterCard that will also double as a campus identification card. Known as the Wolfpack One Card, it will be made available to incoming freshmen this June. The new prepaid debit card will be good for purchases made [...]
Balance transfer offers aren't the only reason consumers switch credit card issuers. According to a new report from the Temkin Group, Americans can hold a grudge when a bank makes a mistake, often resulting in switched accounts. The company's annual Temkin Forgiveness Ratings report ranked over 200 businesses based on whether customers would let a [...]
Credit card issuers have found loopholes in regulations designed to limit marketing of student credit cards on campus, according to a professor at the University of Houston Law Center. In a new study released this month, professor Jim Hawkins reveals evidence that the Credit CARD Act has done relatively little to restrict aggressive sales tactics [...]
Seven major credit card companies and banks have been sued by the state of Hawaii for charging customers for products and services they didn't sign up for. The lawsuit is the latest in a string of complaints about what are being called fraudulent or erroneous charges by banks trying to recoup the losses felt from [...]
Categories: Credit Card Law
American Express announced new rewards partners this week. In a press release, the company revealed a number of new ways its cardholders can use their rewards points for city-specific deals. The company now partners with Seamless, an online food delivery service that partners with more than 9,000 restaurants in about 40 cities. Members can order from [...]
Categories: American Express
Identity theft victims don't often complain about their stolen credit cards being used for political campaign donations. That's why staffers for Connecticut Congressman Chris Murphy's re-election committee responded quickly to reports of fraudulent credit card charges on the campaign's website. Murphy and his staff posted an apology to their website, explaining that about 20 fraudulent [...]
Even though brides and grooms sweat wedding expenses the most, new research from American Express shows that a wedding invite could cost many consumers as much as a night on the town. The latest edition of the American Express Spending and Saving Tracker studied wedding experiences of 1,500 consumers. Among their findings: The average guest [...]
Categories: American Express
Credit card interchange fees cost Americans roughly 7 cents per gallon of gas in March, according to a new report published by NACS, a trade association for convenience and fuel retailing. The NACS report called credit card swipe fees a convenience retailer's largest operating expense after labor. A typical gas station, according to the report, [...]
Categories: Gas Cards
American Express is partnering with Dine About San Francisco to offer diners a chance to save up to 25 percent at local restaurants in the City by the Bay, according to a press release. In its 11th year, Dine About San Francisco will run again this year from June 1-15; there was also an event [...]
Categories: American Express
Discover has announced a new promotion giving cardholders a chance to earn more cash back plus more ways to spend that cash back as well. The company announced in a press release that from April 1 to June 30, 2012, cardholders can register to receive an extra 5 percent Cashback Bonus on up to $1,500 [...]
Categories: Discover
Citibank has teamed up with American Airlines to offer a new co-branded card, the Citi Platinum Select / AAdvantage Visa Signature Card. The company has other co branded cards with the airline, but has made some significant changes in the perks offered with its cards, including its newest credit card, according to USA Today. The new [...]
Categories: Citi Bank
A "systems upgrade," not another data breach, caused registers to decline or delay Visa transactions on April Fool's Day, according to news reports. For about 45 minutes on the afternoon of April 1, shoppers throughout the United States reported problems using Visa credit cards to complete their purchases. Some payments that had been initially declined [...]
Federal Trade Commission chairman Jon Leibowitz testified before Congress this month, calling his agency's new privacy framework a "decisive moment" for consumer privacy. In March, the FTC unveiled the final version of a report it has worked on since releasing an early public draft in December 2010. The report impacts credit card issuers, technology companies, and [...]
Categories: Credit Card Law
Visa and MasterCard officials revealed that more than 1.5 million credit card accounts could have been exposed during a data breach in the first quarter of 2012. Both payment platform providers notified member banks about potential exposure at a third-party payment processing network. Wall Street Journal reporters confirmed the breach with representatives at Global Payments, [...]
Chase Card Services has a new partner for its Ultimate Rewards program, the company announced in a press release. The Ritz-Carlton Hotel Company, with 77 luxury hotel properties in 25 countries, is now a point transfer partner for Chase's credit card rewards program. The deal will allow Chase Sapphire Preferred, Ink Plus and Ink Bold card [...]
Categories: Chase Bank
Plenty of banks let their customers exchange rewards points for gift cards. U.S. Bank became one of the first banks that lets its credit card customers handle that exchange in reverse. In partnership with aftermarket gift card vendor Plastic Jungle, U.S. Bank rolled out a service that lets FlexPerks Travel Rewards Visa Signature trade in [...]
Categories: Credit Card Issuers
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