credit card
Visa is expected to increase some fees it charges merchants and banks for credit card payments starting Jan. 1, according to a notice last month from the processor Global Payments. That Oct. 10 notice says Visa’s “misuse” fee paid by merchants will jump by two-thirds to 15 cents, from 9 cents per transaction, while a […]
We are talking credit card interest rates that are super high! A new survey suggests half of credit cardholders surveyed in June as part of Bankrate’s latest Credit Card Debt Survey said they carry balances over month to month. That is up from 44% in January – and the highest since since March 2020, when […]
In 2024, our approach to spending money reflects a significant shift towards a cashless society. This transition is a transformation in consumer behavior and business operations, and not just the mode of payment. At the center of this change is a simple observation: People tend to spend more when using cards as opposed to cash. […]
There will be a new rule for credit card surcharges in New York State starting February 11th. Businesses must disclose to customers credit card surcharges for transactions in New York State. Businesses could be fined $500 if it fails to follow this new law. Credit card surcharge guidance set to start in New York (rochesterfirst.com)
A Texas woman was arrested after being busted in a multi million dollar scheme by repairing people’s credit. Reports say the scheme was done from November 2020 through March 2022 the woman used fake police reports clearing up close to a million dollars of debt. The fake police reports were sent to multiple financial institutions. […]
Mastercard just launched a pilot program that allowed customers to use facial recognition to make payments. This technology Mastercard is using will let users make payments by either using their face or the palm of their hand. Mastercard made the announcement for the new facial recognition feature on May 17th. Click Here To Read More. […]
A man paid several United States postal workers to steal credit cards from mail that they delivered. Reports say this was a $750,000 identity theft scam and over 1,000 credit cards were linked to states like New York and Virginia. This operation was going on for over a two year period from January 2017 August 2019. Click […]
Scamming Season Is All Year Around! A 82-year-old Florida woman who apparently fell for a scam, that could cost more than $700,000. Over the summer, the scammers convinced the woman that her granddaughter was in legal trouble and needed her help. They told her to make withdrawals from her bank and hand the money over […]
Have you noticed your credit card account being closed within the last 30 days? Or, your credit limit being cut with a credit card? A new report from CompareCards The results showed that nearly 50 million American credit card holders said they have had their credit limit slashed or their card closed in the past […]
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