Cash-back credit cards survey: More generous, but more complicated

Posted on February 13, 2012 by admin| Leave a comment

Cash-back credit cards survey: More generous, but more complicatedNews from CreditCards.com:
Credit Cards > Credit Card News > Cash-back credit cards survey: More generous, but more complicated

By Tony Mecia
Cash-back credit cards are becoming more lucrative for cardholders — but also more complicated, according to an annual CreditCards.com/Bankrate.com survey released Monday.
Since the recession, cash-back cards have become more popular as consumers have flocked to the flexibility of receiving money for every purchase they make. As card issuers create more cash-back cards, though, they typically come with more rules and limits that cardholders need to understand if they [...] Continue Reading…

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Google Wallet Suspends Prepaid Credit Card Functions

Posted on February 12, 2012 by admin| Leave a comment

Google Wallet Suspends Prepaid Credit Card FunctionsNews from PCWorld:

By John P. Mello Jr., PCWorld    Feb 12, 2012 8:57 AM

Google has suspended prepaid capabilities on credit cards linked to its mobile wallet after a security flaw was exposed.
Saturday’s move comes following the airing on the Internet of a flaw in the wallet’s design that could allow an unauthorized user of a phone to tap into an existing balance on a card by reconfiguring the wallet’s settings.
“We took this step as a precaution until we issue a permanent fix soon,” Vice President for Google Wallet [...] Continue Reading…

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Old Encrypted Credit Card Data May Have Been Stolen in Steam Hack

Posted on February 11, 2012 by admin| Leave a comment

Old Encrypted Credit Card Data May Have Been Stolen in Steam HackNews from Piki Geek:

Remember that Steam hack back in November? Well, according to a letter sent out by founder Gabe Newell, the ne’er-do-wells responsible may have made off with a backup file containing information on transactions with Steam between 2004 and 2008.
The file supposedly contained “user names, email addresses, encrypted billing addresses and encrypted credit card information.” Passwords, however, were not a part of the file. Of course, there’s no evidence that the thieves can decrypt the data, but you may want to [...] Continue Reading…

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Steam Hackers “Probably” Got Credit Card Info

Posted on February 11, 2012 by admin| Leave a comment

Steam Hackers “Probably” Got Credit Card InfoNews from Escapist Magazine:

Valve boss Gabe Newell says hackers who broke into Steam last year probably made off with an old backup file containing user names, email addresses and encrypted credit card information.
In November 2011, Steam became the latest victim in a string of attacks against game-related websites, as hackers broke into the system, threw up a bunch of inappropriate links and the stole off into the night. A week after the fact, Valve revealed that the intrusion was worse than originally thought, as the hackers had also [...] Continue Reading…

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Sandoval’s $400000 credit card payment reveals campaign finance flaw

Posted on February 10, 2012 by admin| Leave a comment

Sandoval’s $ 400000 credit card payment reveals campaign finance flawNews from Las Vegas Sun:
By David McGrath Schwartz (contact)
Friday, Feb. 10, 2012 | 2 a.m.

Gov. Brian Sandoval

To download a copy of the report on spending by Gov. Brian Sandoval’s Inaugural PAC, click here.
When the time came to pay for some of the expenses for Gov. Brian Sandoval’s inaugural gala in Las Vegas, the inaugural committee made a $ 400,000 payment to its consultant’s American Express card.
The $ 400,000 credit card payment — covering over a third of the total cost of the [...] Continue Reading…

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Consumers Opt for Credit Building Credit Cards to Improve Credit Score

Posted on February 9, 2012 by admin| Leave a comment

Consumers Opt for Credit Building Credit Cards to Improve Credit ScoreNews from Sacramento Bee:
LONDON, February 9, 2012 — /PRNewswire/ –
Tough economic conditions have taken a toll on many people’s finances. Many consumers have found themselves with reduced credit scores, as a result of tight budgets and have found difficulty in obtaining approval for a credit card. However, comparison websites, like comparethemarket.com, are finding that some consumers have chosen special ‘credit builder’ credit cards, as a good way to manage their money and increase their credit score over time through prudent management of their spending [...] Continue Reading…

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Etsy to Process Credit Card Payments on Behalf of Sellers

Posted on February 8, 2012 by admin| Leave a comment

Etsy to Process Credit Card Payments on Behalf of SellersNews from Auctionbytes:
In EcommerceBytes’ recent Sellers Choice Awards, a number of Etsy sellers said they wanted more choice in payment methods beyond PayPal. On Tuesday, Etsy announced a new optional payment method on its site that will allow U.S. sellers to accept credit card payments in their shops, including Visa, Mastercard/Eurocard, Discover Network and American Express.
The “Shop Payment” accounts are not credit card merchant accounts. Instead, Etsy will be processing the payments on behalf of the seller. Buyers will be able to checkout without being [...] Continue Reading…

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Your credit score is too important not to maintain

Posted on February 8, 2012 by admin| Leave a comment

Your credit score is too important not to maintainNews from Chicago Tribune:Your credit score will determine not only whether you can obtain credit, but also the cost of credit to you. The difference of even a few points can cost — or save — you thousands of dollars in interest expense.The most commonly used credit score is the FICO score, computed by the Fair Isaac Corp., which is considered the industry standard. You have three FICO scores, computed based on information obtained from the three major credit bureaus (Experian, Equifax and TransUnion). All the [...] Continue Reading…

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Citigroup to issue China credit cards

Posted on February 6, 2012 by admin| Leave a comment

Citigroup to issue China credit cardsNews from Financial Times:
Citigroup will become the first western bank to issue credit cards in mainland China under its own brand after it won approval to launch the business from the China Banking Regulatory Commission.
The move is another foot in the door for Citi on the mainland after it also won preliminary approval in January to set up a joint-venture securities firm with Orient Securities, which will be based in Shanghai and licensed for investment banking business.

China’s credit card market has begun to grow more rapidly in recent years [...] Continue Reading…

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Get to know your credit score

Posted on February 5, 2012 by admin| Leave a comment

Get to know your credit scoreNews from WAVE:
LOUISVILLE, KY (WAVE)- Tax season is the time of year when a lot of people decide to get their financial situation more organized. One of the first steps is to know your credit score.
By law, we all have access to three free credit reports each year, one from each of the nationwide consumer reporting companies- Equifax, Experian and TransUnion. But that report doesn’t tell you the entire story, it’s the credit score that’s going to save you money.
True, the score is based on what’s in your credit report. The [...] Continue Reading…

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