credit cards

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Netflix Claims Credit-Card Chips Messed Up Its Growth

Not everyone is buying finger-pointing at new fraud-prevention technology

(Newser) - Everyone who is too lazy or forgot to update their credit card numbers online can blame themselves for Netflix's slow US subscriber growth. That's the company's excuse, anyway, revealed in a Wednesday letter to shareholders that says it didn't hit its subscriber growth forecast partly due... More »

The Sex Pistols' New Venture Is ... Not So Rebellious

Band will be featured on credit cards

(Newser) - From punk rock icons to ... credit card hawkers? Yes, indeed, the Sex Pistols will be helping a UK bank sell its credit cards, the Guardian reports. The band's name and album artwork will appear on a series of cards for Virgin Money, the bank founded by Sir Richard Branson,... More »

Pentagon Spouses May Want to Check Work Credit Cards

Audit turns up $1M in charges to casinos, escorts

(Newser) - An audit of government credit cards issued to Pentagon employees turned up a strange thing: lots of charges for gambling, prostitutes, and strip clubs, reports Politico . Specifically, the audit found more than $1 million in such charges from July 2013 to July 2014, with the bulk of that total, $952,... More »

Home Depot Hackers Nabbed 53M Email Addresses

They stole a 3rd-party vendor's login credentials to install malware

(Newser) - The massive security breach Home Depot went public with in September didn't stop at 56 million credit cards. The country's biggest home-improvement retailer announced yesterday that hackers also stole 53 million email addresses—though not passwords or other personal info. Still, the company said customers should be on... More »

Home Depot Hack May Have Hit Mostly Self-Checkout Lanes

About 56M credit cards affected, more than at Target

(Newser) - Home Depot released specifics on its security breach today, and it was indeed bigger than the breach at Target: The hardware chain says 56 million credit cards were compromised between April and September at stores in the US and Canada, compared with 40 million in the Target hack , reports USA ... More »

Home Depot Breach May Be Bigger Than Target's

Chain looks into 'unusual activity' of credit card data

(Newser) - If you shrugged off the recent celebrity hack of private photos, along with the massive Target breach last year, here's one more punch: Home Depot is investigating a potential breach of customer data from credit and debit cards, reports Reuters . The scoop originally came from Brian Krebs of Krebs... More »

Credit Card Debt Drove McDonnells: Indictment

Gory details from the allegations

(Newser) - Before Bob McDonnell was even in office, he and his wife were looking to then-Star Scientific CEO Jonnie Williams for gifts, according to the 43-page indictment against the couple. The document reveals that the couple had financial anxieties that may have driven their alleged graft, Politico reports. Weeks before McDonnell'... More »

Target Breach Proves It: Time for Chip Cards

Sacramento Bee says magnetic stripe is too vulnerable to thieves

(Newser) - The 40 million Target shoppers whose credit cards were compromised in a holiday breach might find themselves nodding along to this editorial in the Sacramento Bee : It's high time that the US payments industry did away with the decades-old magnetic stripe on credit cards and adopted microchip-based cards instead,... More »

Target Shoppers: Chase Limits Use of Debit Cards

JPMorgan Chase reacts to data breach 3 days before Xmas

(Newser) - Still planning to shop at Target after its cache of debit and credit cards was hacked ? Hold on: JPMorgan Chase has limited its debit-card customers to $100 in withdrawals and $300 in total purchases daily at Target stores, NBC News reports. That only applies to roughly 2 million Chase... More »

Target Woos Shoppers With 10% Discount

Sale is on tomorrow and Sunday after credit card breach

(Newser) - Target is trying to counter all the bad press over its massive credit card breach with a mea culpa 10% discount for shoppers this weekend, reports CNNMoney . All shoppers at brick-and-mortar stores will get the discount tomorrow and Sunday, the last shopping weekend before Christmas. "We recognize this has... More »

Stolen Target Credit Cards Selling for $20 to $100

Many of the 40M are already being sold on black markets: report

(Newser) - As you might expect, credit card hackers move fast. Many of the 40 million cards compromised in the recent Target breach are up for sale (or already scooped up) on the black market, reports Krebs on Security . Reporter Brian Krebs gets into the nitty gritty of how these underground "... More »

Target: Up to 40M Hit by Credit-Card Hack

Company had massive breach around Black Friday, through as late as Sunday

(Newser) - Attention, Target shoppers: That Black Friday bargain you scored might have some serious strings attached. Target today confirmed that some 40 million credit and debit card accounts may have been affected by a data breach, after Krebs on Security and the Wall Street Journal yesterday reported the chain was investigating... More »

Identity Theft Hits 3-Year High

Fraud strikes 12.6 million Americans

(Newser) - Wondering how safe it is to use your credit card? A long-running study shows that identity theft reached a three-year high in the US last year, striking 12.6 million people, LiveScience reports. Fraudsters ripped off $21 billion, the most in 3 years, and stole an identity every three seconds.... More »

'Free' Checking Accounts: Not So Free Anymore

Plus, credit card companies not passing on low interest rates

(Newser) - Free checking accounts were the norm in the 1990s, but not so anymore: Today just 39% of noninterest checking accounts are free to everyone, down from 76% in 2009 and 45% last year, a new Bankrate survey finds. Some banks are doing away with free checking accounts entirely; some are... More »

Credit Cards Hit Clients With 'Robo-Signed' Lawsuits

Courts flooded with cases based on slim or falsified evidence

(Newser) - Looks like mortgage foreclosures aren't the only things banks "robo-signed." A glut of credit card lawsuits is revealing that card issuers have the same tendency to use shoddy, incomplete, or erroneous documents against clients, the New York Times reports. Companies like American Express, Citigroup, and Discover have... More »

WikiLeaks: We Need a Million Bucks, Stat

They blame Visa/Mastercard for financial woes

(Newser) - WikiLeaks needs "a minimum" of a million euros ASAP in order to "effectively continue its mission," it announced in a news release today. The anti-secrecy organization has seen its cash reserves plummet from around $983,600 in December 2010 to less than $120,000 at the end... More »

Hackers Rob US Security Think Tank

'Anonymous': We stole credit cards for charity

(Newser) - Hackers say they stole credit card numbers from a US security think tank today and began using them to make donations to charity, the AP reports. The hackers are members of the loose-knit movement known as "Anonymous." The victims are members of a highly guarded list of clients... More »

Mastercard, Visa to Use Purchases in Ad Targeting?

Companies also hope to mine your DNA

(Newser) - What you buy in the real world could eventually determine the ads you see online. Visa and MasterCard are studying ways of tracking consumer purchases in order to target online advertising—a plan that could take a heavy toll on online anonymity, the Wall Street Journal reports. One example offered... More »

Citi Goes Wild With Credit Card Offers

Have they sent you one yet?

(Newser) - Citigroup is moving aggressively to expand its credit card business, hoping to capitalize on rivals who are toning down their efforts in the area. The bank sent out a whopping 346 million card offers to North American customers in the third quarter alone—which, the Wall Street Journal observes, is... More »

Paying Cash? Credit Cards Are Still Costing You Money

Rebates drive up prices for all but reward only users of plastic: Economist

(Newser) - Credit card rebates and rewards may seem like a great thing—like getting free money. The problem is that they're driving up the prices of everything we buy, writes economics professor Larry Harris. What's worse, people who pay cash—maybe because they're too poor to qualify for... More »

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