Visa, American Express terminate CardSystems deal
In an expected move, Visa USA has terminated its relationship with the company that left 40 million cardholders at risk in one of the biggest data thefts in the country. CardSystems Solutions was found to have a lax security, which allowed a breach in its data thereby putting customers though considerable anxiety.
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Thu, 21 Jul 2005 07:35 GMT |
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Chip and PIN conversion cost prohibits credit card usage
Internet Bank, Intelligent Finance (IF), standalone subsidiary of Halifax Bank of Scotland (HBOS) has notified its 70, 000 credit card customers of frosty options. They could shift to another Intelligent Finance Card, find a different provider or pay outstanding balances within a span of a month.
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Fri, 17 Jun 2005 06:40 GMT |
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Apacs says overseas fraud on UK credit cards is at year low
A study conducted by Apacs, the industry body for card issuers, has found that the fraud committed on UK credit and debit cards on foreign soil has fallen to a five-year low. The figures show that the fraud amount for the year 2004 was a total of £92.5m, down from £138.4m in 2001 and the lowest figure since 1999.
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Thu, 16 Jun 2005 15:50 GMT |
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Consumer credit growth decelerates
Consumer credit shows incessant decline as credit borrowing takes a toll with the smallest increase witnessed during the month. As per the official figures of the Bank of England, though mortgages lending did make a comeback with small increase in April, credit card lending was at its weakest for almost four years.
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Fri, 03 Jun 2005 00:15 GMT |
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Neverending debt story as repayment made difficult by Goldfish
Goldfish card undergoes a paradigm shift as it declares a host of new developments. To start with, cardholders will no longer enjoy the benefits of free travel accident insurance. The minimum monthly repayment amount for 1.3m card customers will be reduced to 2% of the money outstanding as against the present figure of 3%. This will come into effect from 1 July this year.
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Tue, 10 May 2005 13:30 GMT |
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Changing face of credit cards baffle consumers
Mrs. Thornton, my neighbour has just got back from a relaxing holiday in the Cayman Islands. Imagine her surprise when she found that her credit card has charged her an extra amount for her overseas purchases, of which, let me say there were many items for she has three daughters and a horde of grandchildren. She complained loudly to me that it was time for her to change her card.
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Sat, 23 Apr 2005 00:00 GMT |
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Tesco’s trolley holds finance and food together
Today, multitasking can probably be one of the most reasonable ways to manage time and money constraints. At least that is what supermarket giant Tesco seems to have resorted to. Tesco, after making a breakthrough in the industry after recording annual profits of £2bn plus last week, is just not confined to simply being a grocery store.
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Wed, 20 Apr 2005 00:00 GMT |
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First-ever interactive card launched by BSkyB
BSkyB has introduced the first ever interactive TV credit and loyalty card in UK, the SkyCard. Able to operate like an ordinary credit card in shops and cash machines globally, the SkyCard sports an additional feature of being able to be put into the interactive slot on the Sky digibox that facilitates users to handle their credit card transactions and dealings through the TV.
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Tue, 19 Apr 2005 00:00 GMT |
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Easier card access to British Airways tickets
Worried about booking your ticket with British Airways? Relax because British Airways is here with a solution for you. According to its new online policy, you can now book tickets through a credit card in any country which implies that one can pay for a journey from anywhere as long as it is served by the airline. Conversely, credit cards were accepted by British Airways only in the country of departure as per their previous rules.
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Mon, 11 Apr 2005 00:00 GMT |
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Fake ticket booking reaches for the sky
In case you’re shopping for flight tickets online, beware! Panda Software has just revealed that fraudsters have been trying to seize personal credit card information and contact details of people through fake websites, promising them of cheap flight tickets.
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Fri, 08 Apr 2005 00:00 GMT |
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