Bank Credit Card Guide & Banking News

Police seek woman who stole credit cards in Lake Grove - Newsday
Detectives from the Fourth Squad are looking for a woman who used a stolen credit card in January to purchase gift cards from two stores in Suffolk, police said. Police said a woman reported that her wallet, including personal papers and $200 in cash ...
Posted: Tue, 16 Mar 2010 16:44:00 GMT

Can hackers read RFID chips on credit cards? - Nationalpost.com
A reader sent the following interesting link to an experts' discussion of today's blog title. First, RFID stands for Radio Frequency Identification, and there's a full explanation of what that is at this portion of the RFID Journal. The anonymous ...
Posted: Tue, 16 Mar 2010 14:43:00 GMT

We need simple credit cards and electric bills - Weblogs.baltimoresun.com
Barry Ritholtz excerpts Elizabeth Warren's recent appearance on Charlie Rose. She's talking about the complexity and opacity of financial transactions, how credit card rules grew from one page in 1980 to a million pages in 2010. One might think this ...
Posted: Tue, 16 Mar 2010 13:24:00 GMT

New law doesn't help business credit cards - Yahoo Finance
As many as 59 percent of small businesses in a spring 2009 survey reported that they used credit cards to finance their firms during the previous year, according to the National Small Business Association, or NSBA. Like consumers, many small firms ...
Posted: Tue, 16 Mar 2010 09:56:00 GMT

Strategies to Repair Credit - Associated Content
Pay Down Balances Pay off existing balances on credit cards and loans. This is one of the best things you can do to help repair credit. Every time you pay a little off, your score will go up. Only paying the minimum balance makes it nearly impossible ...
Posted: Tue, 16 Mar 2010 17:49:00 GMT

Understanding Interchange Fees - Associated Content
Interchange is a reimbursement exchange made between the issuing bank and the acquiring bank for processing credit cards. Interchange can be viewed as the wholesale price for processing credit cards. Merchant service providers have no control over ...
Posted: Tue, 16 Mar 2010 15:54:00 GMT

First Data, Tyfone work on mobile wallet - Computerworld
Banks could also issue the Tyfone cards in place of existing debit or credit cards. Tyfone says the scanners are becoming more common. "Contactless reader infrastructure deployment is its own lifecycle. That's being seeded by the fact that plastic ...
Posted: Tue, 16 Mar 2010 18:25:00 GMT

The CARD Act and the College Crowd - consumer affairs.com
While only 10 percent of respondents in a recent Money Management International (MMI) survey believe students should use credit cards to finance college costs, many students get their first credit card while they are in college. In fact, 84 percent ...
Posted: Tue, 16 Mar 2010 15:26:00 GMT

Sparta police looking for suspect in area thefts - WZZM 13
The victim's credit cards were used at several locations shortly after the theft.  The suspect was captured on surveillance video at one Alpine Avenue store. Police have not been able to identify the suspect.  Anyone with information is asked to ...
Posted: Tue, 16 Mar 2010 18:10:00 GMT

Fixed Mobile Convergence - TMCnet
California-based Kena Kai will incorporate their exclusive DataSafe radio frequency (RF) shielding technology into the designs to protect today's new "contactless credit cards" and "ePassports" from wireless identity theft. The new contactless credit ...
Posted: Tue, 16 Mar 2010 15:33:00 GMT