Late payments on credit cards at lowest level in 7 years
Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit histories. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16% in the April-June quarter — the lowest level in at least seven years, credit reporting agency TransUnion said Tuesday. The second-quarter credit card delinquency rate is down from 1.27% [...]
Square tries to remove Amazon thunder
In a recent blog post, Square Inc. is attempting to counter some of the attention foisted on Amazon.com Inc. after the announcement last week of Local Register, the online retailer’s mobile point-of-sale service, by dispelling the “top 10 myths” about Square’s service. Local Register enables retailers to accept payment card transactions using a smart phone or tablet and the Amazon Local Register app. Analysts view it as competing most directly against Square [...]
More credit card fraud
Fradulent Credit Card Purchases Caught On Camera August 18, 2014 5:30 PM FT LAUDERDALE (CBSMiami) – A couple was reportedly caught on camera committing more than a thousand dollars worth of credit card fraud. Now Sunrise police have released surveillance images of the alleged duplicitous duo in hopes that someone recognizes them and picks up a phone. The fraudulent purchases were made on July 19th at two retail chains. At the [...]
Banks and retailers move on the chip for credit cards
Banks, Retailers Speed Up Drive to Add Chips to Credit, Debit Cards Data Breaches Spur Effort to Boost Security; End of the Swipe? GLEN ALLEN, Va.— Morgan Montgomery inserted a credit card into a device, pulled it out and tried to pay for her groceries. But the transaction failed because she didn’t realize the card was supposed to stay in the machine while she signed for the purchase. “I don’t [...]
Smart ways to use credit cards for your wedding
3 Smart Ways to Use Credit Cards to Help Offset Wedding Costs Simple.Thrifty.Living This might sound like the worst idea, but sometimes putting some wedding costs on a credit card can actually make good financial sense. You just need to be careful with how you use it. Most people think of credit cards as a slippery slope when it comes to big purchases, with interest rates and fees adding up [...]
Another data breach
JEWEL - OFFERS HELP TO SHOPPERS AFTER DATA BREACH Sun-Times Media Wire Friday, August 15, 2014 CHICAGO — The parent company of Jewel-Osco announced Friday that some of its customers’ credit card data may be compromised after computer hacking – the company called it an “unlawful intrusion” – involving some of its stores, including those in Illinois and Indiana. Customers who used a credit or debit card at Jewel-Osco between [...]
Credit card skimming what to watch for
Don't get ripped off by credit card skimming Mark Pribish, Special for The Republic | azcentral.com7:05 p.m. MST August 14, 2014 When you swipe your credit or debit card, there is always a risk of giving ID-theft criminals what they need to steal your money through what is known as “skimming.” Criminals install electronic devices at locations at which we use cards, such as an ATM, a grocery store or [...]
Who is Jeremy Ochsner?
CEO, Stillwater Payments | Helping clients reduce processing fees and avoid rate increases and egregious lease schemes