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July 25, 2008 1:28:56 PM CDT

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Stories related to: credit card

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Stories 1 - 20 of 29

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  • July 2008

    • Cybercrime Getting Organized

      newser  |  Ars Technica  |  Jul 16, 08 5:20 PM CDT

      Cybercrime Getting Organized

      There’s serious money to be made in cybercrime, and its perpetrators are beginning to reflect that fact, Ars Technica reports. Lone hackers have been replaced with hierarchical organizations that divide the criminal risks inherent in stealing and reselling (usually financial) information. The cybercrime "firms" are growing steadily as they generate more revenue, internet security firm Finjan notes in its quarterly report. More »

      Tags

      credit card  • organized crime  • cybercrime  • hacker  • mafia  • hacking  • savings account

  • June 2008

    • Creditors Fed Off Equity Boom, Creating 'Double Bubble'

      newser  |  USA Today  |  Jun 18, 08 3:55 PM CDT

      Creditors Fed Off Equity Boom, Creating 'Double Bubble'

      As home values boomed, banks raised credit limits and extended offers for new cards, urging consumers to pay off the debt by drawing on their equity, USA Today reports. Many of those borrowers now face high interest rates on homes tapped of equity and hemorrhaging value—and the boom in foreclosures has been accompanied by a 6-year high in credit-card delinquencies. More »

      Tags

      foreclosure  • bank  • credit card  • default  • home equity  • home equity loans

    • Maxed-Out Debtors Find Credit Crutch

      newser  |  Wall Street Journal  |  Jun 10, 08 1:48 PM CDT

      Maxed-Out Debtors Find Credit Crutch

      With the economy sagging and 11.8 million credit-card accounts delinquent, support groups are popping up in churches, colleges, and coffee shops to help people curtail their spending and share red-ink horror stories, the Wall Street Journal reports. "It used to be that you had to live in shame about debt," one organizer said. "Now, there's been an awakening." More »

      Tags

      credit card  • debt  • personal finance  • consumer debt

  • April 2008

    • Will Tax Rebates Boost Economy? Test Starts Today

      newser  |  New York Times  |  Apr 29, 08 7:58 AM CDT

      Will Tax Rebates Boost Economy? Test Starts Today

      The first tax rebates designed to kick-start the economy should begin arriving in bank accounts today. The Treasury Department has begun sending electronic rebates to nearly 8 million people by the end of this week, and some 130 million checks will go out via snail mail in May. President Bush hopes taxpayers will spend the cash—up to $600 for individuals, $1,200 for couples—but economists say many will save it or pay off debts. More »

    • 7 Ways to Raise Your Credit Score

      newser  |  Today Show  |  Apr 15, 08 12:19 PM CDT

      7 Ways to Raise Your Credit Score

      Credit scores are key if you're getting a new cell phone, new home, new car—even a new job. The Today Show offers 7 simple steps to give your score a boost: Fix errors on your reports: A mistake on one report can sink a score. Be timely: Payment history affects about a third of your credit score. More »

      Tags

      list  • credit card  • personal finance  • credit  • credit card loans  • credit score

    • Discover Gobbles Up Diners Club

      newser  |  Bloomberg  |  Apr 8, 08 3:10 AM CDT

      Discover Gobbles Up Diners Club

      Discover Financial Services is moving into the global credit card market with its acquisition of Diners Club International from Citigroup, Bloomberg reports. The $165 million deal gives Discover a foothold in the 185 countries outside North America where Diners has a presence, which will add revenue at a time when Americans are struggling to pay their credit card bills.  More »

      Tags

      mergers and acquisitions  • Citigroup  • credit card  • American Express  • Discover

  • March 2008

    • Massive Data Theft Breached 'Secure' Network

      newser  |  Wall Street Journal  |  Mar 31, 08 11:23 AM CDT

      Massive Data Theft Breached 'Secure' Network

      High-tech thieves were able to penetrate what experts called an especially secure computer network when they stole 4.2 million credit and debit card numbers from the Hannaford and Sweetbay grocery chains. Unlike stores that send data over wireless networks, the supermarkets used a theoretically less porous fiber-optic cable. More »

      Tags

      fraud  • identity theft  • credit card  • computer security  • data theft  • supermarket  • fiber optic cables

    • Interest Soars Sky-High in Visa's $18B IPO

      newser  |  San Francisco Chronicle  |  Mar 19, 08 8:43 AM CDT

      Interest Soars Sky-High in Visa's $18B IPO

      Visa pulled in almost $18 billion in its initial public offering yesterday, the San Francisco Chronicle reports. The credit card company's IPO was the biggest by far in US history and the second biggest ever. The $44-per-share price investors paid was $2 higher than the company's highest estimate, and the price is expected to rise steeply when the shares hit the New York Stock Exchange this morning. More »

      Tags

      stock market  • credit crisis  • IPO  • credit card  • New York Stock Exchange  • Visa

    • Credit Crunch Slows Spending

      newser  |  Washington Post  |  Mar 18, 08 11:10 AM CDT

      Credit Crunch Slows Spending

      Fewer credit card offers, tougher mortgage requirements, and a slowdown in business expansion all are likely because of the worsening credit crisis, reports the Washington Post. Banks are looking to limit exposure to high-risk customers and restore their own bottom lines. And that’s tough medicine for an economy that’s grown on the back of cheap money. More »

      Tags

      Federal Reserve  • credit crisis  • interest rate  • consumer spending  • banking  • credit card

    • Supermarket Breach Exposes 4M Credit Cards

      newser  |  Boston Globe  |  Mar 18, 08 9:20 AM CDT

      Supermarket Breach Exposes 4M Credit Cards

      A data security breach at Hannaford, an East Coast supermarket chain, has exposed the credit card information of 4.2 million customers and resulted in 1,800 cases of fraud so far, the Boston Globe reports. The breach, which went undetected for three months, is one of the largest ever, the AP notes. Hannaford, which also runs Sweetbay supermarkets, says no names or personal information got out, just account numbers of credit and debit cards. More »

      Tags

      fraud  • identity theft  • credit card  • computer security  • data theft  • MasterCard  • Visa  • supermarket

  • February 2008

    • Sprint, AT&T, BofA Faves of Identity Thieves

      newser  |  PC World  |  Feb 29, 08 5:41 PM CST

      Sprint, AT&amp;T, BofA Faves of Identity Thieves

      Bank of America led as a target for identity thieves in a 2006 sample of FTC complaints, followed closely by AT&T and Sprint. The survey by Berkeley researchers found that half of all complaints involved 25 organizations, mainly banks and telecom companies, reports PC World . There were 88,000 offenses voluntarily reported over three months’ time. More »

      Tags

      Bank of America  • AT&T  • identity theft  • credit card  • Sprint

    • Consumers Cut Credit Card Spending

      newser  |  Wall Street Journal  |  Feb 8, 08 10:49 AM CST

      Consumers Cut Credit Card Spending

      Americans may be falling out of love with their credit cards, the Wall Street Journal reports, and banks seem to be returning the sentiment. As more and more consumers are delinquent on their payments, banks in turn are tightening borrowing standards, making it harder for them to extend their credit. A slowdown in consumer borrowing is already occurring, the Fed reported yesterday, and economists fear a further spending pullback. More »

      Tags

      US economy  • consumer spending  • credit card

    • Will That Be Cash or Cash?

      newser  |  New York Times  |  Feb 5, 08 9:20 AM CST

      Will That Be Cash or Cash?

      The collapsing housing market, shaky employment security, and uncertain economic outlook are changing Americans' buying habits: They’re paying with cash. Plastic has become synonymous with debt, helping revive the pay-as-you-go mentality, reports the New York Times . The change could have a major impact on an economy, and a culture, based on consumer credit. More »

      Tags

      US economy  • credit card  • consumer debt

  • January 2008
  • December 2007
  • November 2007

    • PayPal Swiping Credit Card Market

      newser  |  BusinessWeek  |  Nov 21, 07 1:05 PM CST

      PayPal Swiping Credit Card Market

      With identity theft jumping 50% since 2003, more people are turning from credit cards to Internet-based payment services like PayPal and Google Checkout for online purchases and, increasingly, everyday transactions, Business Wee k reports. Roughly 30% of US online shoppers used an alternative payment service last year. "Consumers are afraid to give out their credit-card information," said one retail expert. More »

      Tags

      credit card  • PayPal  • MasterCard  • business tech

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