For most people, purchases are made using debit or credit cards. If one is not careful enough with the use of his debit/credit card, he will surely be in big trouble with debts and interests.
Tags: Credit card
US Credit Card Debt Soars to a New Record High of $1.13 Trillion
Credit card balances in the US reached a new record high of $1.13 trillion, according to data released by the Federal Reserve Bank of New York.
Financial Details Of PayAsUGym Members Stolen After Hacking Incident
Fitness website PayAsUGym said that the financial details of 300,000 members have been compromised after one of their servers was hacked.
EMV Credit Card Increase Security But Slow Implementation Will Make Consumers Vulnerable
Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.
Keep your credit score high and debt low
It is a well-known fact that interest continuously accumulate on your credit card amount with time, raising the loan you owe to the credit card company. Consumers have a solution to this problem in order to maintain a good credit score and to avoid the burden of debt entirely. What they only have to do is use their credit card wisely and follow some simple rules.
Latest News
Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday.
Your medical information is worth 10 times more than your credit card number on the black market. Last month, the FBI warned healthcare providers to guard against cyber attacks after one of the largest U.S. hospital operators, Community Health Systems Inc, said Chinese hackers had broken into its computer network and stolen the personal information of 4.5 million patients.
Wells Fargo Bank and American Express credit cards have agreed to offer a credit card to the consumer credit market.
Citigroup's units now being sought for acquisition by three different banks. The three largest private sector banks in Brazil have made offers to purchase Citigroup's credit card and consumer financing unit in Brazil.
