Article Categories

Authors

Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

Credit Card News Archive

‹ First  <<  18 19 20 21 22 23 24 25 26 27 28 29 30  >> 
American Express and NBC Universal want to spotlight the power of small business this fall. The credit card issuer and the television powerhouse asked the public to nominate small businesses with inspiring stories for their "Shine a Light" promotional campaign. Celebrity panelists Ellen DeGeneres and Diane von Furstenberg helped American Express choose three finalists from [...]
Categories: American Express
Minnesota Attorney General Lori Swanson warned her state's residents this month to avoid scam artists pretending to help consumers negotiate lower credit card interest rates. In some cases, companies posed as consumers' own credit card lenders and convinced victims that enrollment in a debt settlement program was mandatory. Swanson filed three lawsuits against fly-by-night operators, [...]
Washington lawmakers told reporters this week that an advance response to pending credit card legislation might just cause new rules to take effect even sooner than expected. Most of the provisions in the Credit CARD Act signed into law by President Obama become enforceable on February 22, 2010. To prepare for new rules that curb fees [...]
Categories: Credit Card Law
Chase Bank announced its intention to seize a bigger share of the business credit card market by unveiling a new suite of products under the "Ink from Chase" brand. Geared toward small business owners, the series of Ink credit cards each feature a distinguishing benefit: Ink credit cards offer small business owners the opportunity to earn reward points [...]
Controversy in a Wisconsin school district has reignited a debate over the ethical use of employer-provided credit cards. In Wausau, school officials discovered over $1,300 in unauthorized charges made on a card issued to a high school athletic director. Because the credit card was issued on an account tied to vending machine sales, charges to [...]
Editors at the Huffington Post recently called attention to a YouTube video posted by California credit card holder Ann Minch. In the video, the long-time Bank of America customer explains her frustration with recent interest rate hikes and threatens to withhold future payments on her account. Like other major credit card issuers, Bank of America [...]
Officials at Discover Financial Services announced that Discover Card topped the list of 25 major credit card issuers when ranked for identity fraud detection by Javelin Strategy & Research. The independent banking industry research group released findings from its most recent survey of credit card issuers. Researchers gathered data from lenders' websites and polled customer service representatives about [...]
Consumers looking to simplify their household debt can soon get help from a familiar name. When Bank of America launches its BankAmerica Basic product in October, the lender reconnects with the straightforward origins of the American credit card with an attractive set of features and benefits: Streamlined finance charges, with a consistent interest rate on all [...]
Credit card companies that once looked for reasons to keep account balances high are reshaping their images as proponents of responsible money management. In a recent USA Today feature, author Kathy Chu documented some of the ways that credit card companies have shifted gears to help cardholders handle their finances more effectively: American Express promotes its charge cards [...]
View previous editions of our newsletters.August 2001March 2002April 2002May 2002June 2002September 2002November 2002May 2003June 2003July 2003August 2003September 2003October 2003November 2003December 2003January 2004February 2004March 2004April 2004June 2004July 2004August 2004September 2004October 2004November 2004December 2004March 2005April 2005April 2005 (Special Announcement)May 2005July 2005 (Webinar/Teleseminar Series Announcement)July 2005September 2005September 15th, 2005October 2005October 15 2005November 2005December 2005January 2006February 2006March 2006April 2006May [...]
Categories: Credit Card News
An experiment to add value for business credit card holders has won acclaim from the entrepreneurial community. Now in its third year, the American Express OPEN partnership with SCORE (the non-profit agency formerly known as the Service Corps of Retired Executives) has created numerous opportunities to connect business owners with experienced mentors. Free business coaching and [...]
Proposed federal regulation could jeopardize the future of cash back credit cards and other rewards for account holders. Every credit card transaction carries an interchange fee, or a service charge deducted from a merchant's revenue. In the United States, interchange fees average around two percent. Those fees not only cover the costs of security, accounting, and transmission, [...]
As financial markets noted the one-year anniversary of Lehman Brothers' collapse, consumers responding to an American Express survey report optimistic attitudes toward travel, dining, and entertainment expenses. The credit card issuer announced results of its first-ever American Express Spending & Saving Tracker this week, with findings that include: Young professionals, already more optimistic about the economy than older [...]
Categories: American Express
While Jay-Z sends an album called "The Blueprint 3" to the top of the Billboard charts, officials at JP Morgan Chase hope you'll think about personal finance when you hear the word "blueprint." The major credit card issuer unveiled Chase Blueprint, an electronic billing platform that offers cardholders flexibility and customization for their existing Chase credit [...]
Categories: Chase Bank
Diners at a Manhattan eatery have expressed shock when waitstaff refuse to accept payment in cash. Greenwich Village restaurant Commerce, recently profiled in the Wall Street Journal, accepts credit cards only. The establishment's owner told reporters that adopting the plastic-only policy has cut down his accounting expenses while improving security. Despite the potential inconvenience--most New York [...]
Credit card companies have lost the confidence of a majority of Americans, according to a leading market research report. The Cardbeat report, published by Auriemma Consulting Group, surveyed over 500 credit card users in June. Most respondents experienced credit card repricing, one of the most common effects of the recently enacted Credit CARD Act. One in [...]
The Shine a Light program, launched by American Express and NBC Universal, allows consumers to nominate their favorite small business for a $100,000 prize for grant and marketing support. Nancy Smith, Vice President of Global Media and Content and Community at American Express, was contacted about the company's involvement. What is the ultimate goal of the [...]
Two bellwethers of American consumer sentiment signaled this week that the United States credit card industry hasn't seen the last of economic trouble. Credit rating agency Standard & Poor's released findings from its credit card index, which measures the quality of consumer lenders' debt portfolios. S&P's July numbers show that fewer Americans abandoned their credit card payments, [...]
Categories: Other News
Credit card users feel the pinch of new rates and fees, and they're not happy about them. That news comes from a recently released survey conducted by J.D. Power and Associates, ranking financial products and providers on customer satisfaction. 9,000 credit card holders responded to questions about products, features, benefits, and overall satisfaction with American banks.American [...]
Categories: American Express
Small business owners feel the pressure of making credit card payments more than most American consumers. However, good news from Wall Street appears to have trickled down to Main Street, according to a new survey of small business owners commissioned by Discover Financial Services. An indexed ranking of survey responses produced the highest score in eighteen months, [...]
Credit card issuers have until September 3rd to line up special financing under the Term Asset-Backed Securities Loan Facility, or TALF. The Federal Reserve launched TALF to help lenders increase liquidity, a move that economists hope will help jumpstart small business and consumer lending. Some credit card companies have already announced their participation in TALF, including: Alliance [...]
Categories: Other News
Rising student credit card debt and a tough economy are creating a unique scenario on college campuses. Students not only face mounting expenses, but they must also deal with new credit card legislation that could impact how they pay for those expenses. While we have heard from many consumer advocates on this topic, I thought it would [...]
Editor's Note:  This limited-time offer has expired.  Credit card account holders participating in Citi's ThankYou Network loyalty program recently learned about a new reward benefit: free movie tickets. By redeeming reward points into Fandango electronic gift certificates online, members can instantly access up to $50 in credit toward movie tickets. Although program members have been able to [...]
Categories: Citi Bank
Good news from a respected analyst boosted the stock of three major credit card issuers this week. Some of Wall Street's most familiar names--American Express, Discover Card, and Capital One Financial--all experienced stock price bumps after getting positive report cards from Barclays Capital analyst Bruce Harting.In an optimistic note to clients, Harting expressed his expectation that all three [...]
Categories: Other News
MasterCard officials announced plans this week to attract more corporate accounts by allying with a leading provider of expense automation software. A partnership with CyberShift will allow credit card issuers to offer leading edge travel and expense management tools as added value features to business accounts. CyberShift CEO Robert Farina commented [...]
Categories: MasterCard
‹ First  <<  18 19 20 21 22 23 24 25 26 27 28 29 30  >>