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Debt Credit Cards


  • Credit card chip gains traction Wednesday, 30 Sep 2015 | 10:35 AM ET
    Credit card chip gains traction

    Insight to the progress of the credit card chip, with Chris McWilton, Mastercard N. America president.

  • NEW YORK, Sept 30- The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their wallets. MasterCard reported this week that 40 percent of all U.S.-branded consumer credit cards are chip cards. A quarter of U.S. merchants have...

  • CHICAGO, Sept 29- The majority of payment terminals at U.S. merchants will not be ready to accept cards with embedded microchips aimed at reducing fraud by Oct. 1, missing a deadline set by banks and credit card companies, according to the National Retail Federation. Merchants are spending $30 billion to $35 billion to upgrade their terminals, the lobby said.

  • CHICAGO, Sept 29- The majority of payment terminals at U.S. merchants will not be ready to accept cards with embedded microchips aimed at reducing fraud by Oct. 1, missing a deadline set by banks and credit card companies, according to the National Retail Federation. The urgency to meet the new standards, known as EMV, which stands for Europay, MasterCard and Visa, for...

  • MOSCOW, Sept 29- Russian consumer credit firm Tinkoff Bank is ready to buy a loan book worth up to 30 billion roubles in one go, step up lending and diversify its business to increase market share, its chief executive said on Tuesday. Tinkoff Bank, part of London- listed TCS Group, is an outlier among Russian consumer credit firms in that it ended the first half of 2015...

  • By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals said the law, which subjects retailers to criminal penalties for imposing surcharges on customers who pay with plastic rather than cash, does not violate the retailers' free speech or due process rights under the U.S. The decision is a defeat for retailers that have long complained about the cost of accepting...

  • Sept 28- Fifth Third Bancorp will pay $21.5 million to settle U.S. charges that it discriminated against black and Hispanic borrowers on auto loans, and deceived credit card customers into paying excess fees, authorities announced on Monday. In the first settlement, the Cincinnati- based lender will pay $18 million to resolve claims by the Department of Justice...

  • Big changes to credit card security Monday, 21 Sep 2015 | 2:49 PM ET
    Big changes to credit card security

    CNBC's Mary Thompson reports that major changes are coming to credit and debit cards, and those moves will change who's responsible when you get hacked.

  • Dmitriy Smilianets, 32, pleaded guilty on Wednesday in federal court in Camden, New Jersey, to conspiring to commit wire fraud, three years after his arrest in what authorities say was the largest computer hacking scheme ever prosecuted in the United States. Smilianets, a Moscow resident, made his plea a day after another Russian, Vladimir Drinkman, 34, pleaded...

  • Russian national pleads guilty in massive breach Tuesday, 15 Sep 2015 | 6:47 PM ET
    Russian defendant Vladimir Drinkman is escorted by police officers at the courthouse in The Hague, on January 13, 2015.

    A Russian national charged in a global hacking and data breach scheme that resulted in the theft of 160 million credit card numbers, USAT reports.

  • A cautionary word on college-branded banking Monday, 14 Sep 2015 | 11:45 AM ET
    Alain Filiz

    Many experts caution that the school-branded accounts don't always offer the best terms, NBC News reports.

  • Sam's Club to accept American Express credit cards Thursday, 10 Sep 2015 | 8:00 AM ET

    NEW YORK, Sept 10- Sam's Club, Wal-Mart Stores Inc's warehouse division, will accept American Express credit cards starting Oct. 1, in addition to the other cards it already accepts in its stores, the companies said on Thursday. American Express lost a crucial relationship with Sam's Club competitor Costco Wholesale Corp earlier this year. Online, Sam's Club...

  • NEW YORK, Sept 8- JPMorgan Chase& Co. is cutting prices for a group of its credit card customers and getting Visa Inc to shoulder at least some of the burden of the lost revenue, underscoring how the largest U.S. bank's size can help it hang onto business in fiercely competitive markets. Chase, which generated roughly $3.6 billion of revenue last year from those fees,...

  • COLUMN-What is wrong with millennial credit scores Wednesday, 2 Sep 2015 | 9:00 AM ET

    NEW YORK, Sept 2- Millennials get plenty of recognition for frugality and their desire to share everything from cars to clothes, but they also have the lowest average credit score of any generation, according to a new study. "Millennials are misunderstanding, or are simply unaware of, the benefits of credit cards," says Sean McQuay, NerdWallet's resident credit card...

  • Fidelity looks out for new credit card partners Thursday, 27 Aug 2015 | 8:00 AM ET
    Fidelity looks out for new credit card partners

    Fidelity Investments considers changing credit card partners.

  • First Data chooses Citigroup, Morgan Stanley to lead IPO Wednesday, 26 Aug 2015 | 4:06 PM ET

    Aug 26- Citigroup and Morgan Stanley will lead the market debut of credit card processor First Data, in what will be one of the biggest initial public offerings of the year if it goes ahead. Absent on the list of 15 banks chosen by First Data, which includes Bank of America Merrill Lynch and Goldman Sachs, was JPMorgan Chase, a major player in underwriting equity...

  • NEW YORK, Aug 24- Hey, remember that newsletter that let you sign up for a free trial? How about that old domain name you registered, or your kid's gaming membership, or the magazine subscription that was initially offered as a freebie. "Nine out of 10 people don't check their credit-card charges carefully," says Mick Weinstein, vice president of software company...

  • Target in deal to settle breach claims with Visa Wednesday, 19 Aug 2015 | 8:24 AM ET
    A Target store in Edgewater, N.J.

    Target reached a deal to pay up to $67 million to settle Visa claims related to a 2013 data breach that resulted in the debit and credit card theft.

  • AmEx releases cash back debit cards Wednesday, 19 Aug 2015 | 6:00 AM ET
    AmEx releases cash back debit cards

    American Express is introducing the first prepaid debit card that will offer 1% cash back on all purchases.