2 New York area men arrested with 60 counterfeit credit cards
2 New York-area men arrested with 60 counterfeit credit cards, Westfield police say By Dan Warner on August 13, 2014 at 11:33 AM WESTFIELD – Two men were arrested this week in Westfield with dozens of counterfeit credit cards and more than 50 gift cards that they purchased as part of a scam, police say. Felix Santos, 22, of Brooklyn, and Michael Gilbert, 22, of Dunellen, New Jersey, face charges in [...]
Target hack update
An Expensive Hack Attack: Target’s $148 Million Breach TOM GARA AP 1:34 pm ET Aug 5, 2014 The massive breach of Target’s computer systems in late 2013 was a costly one: Financial institutions alone spent more than $200 million in response to the hack, replacing millions of credit cards whose data had been compromised, while the company’s Chief Information Officer and CEO both left their posts in its wake. And today, another sign of the hack’s full cost: Target TGT +0.17% says its [...]
Chipped cards still need security
Payment cards with chips aren’t perfect, so encrypt everything, experts say Lucian Constantin PC World Aug 8, 2014 6:30 There’s a push to adopt chip-equipped payment cards in the U.S. following high-profile breaches at large retailers and restaurant chains during the past 12 months, but experts warn that switching to this payment system will not make fraud disappear. The EMV (Europay, MasterCard and Visa) standard is widely deployed around the [...]
High interest rates be careful
Watch out for credit cards issued by retailers Lisa Kiplinger, USA TODAY 8:47 p.m. EDT August 7, 2014 You’re checking out at a store, and the cashier says, “You could save 15% today if you sign up for our credit card.” What do you do? “Say no, thanks,” says CreditCards.com senior industry analyst Matt Schulz. Credit cards offered by retailers come saddled with an average APR of 23.23%, according to [...]
Store issued credit cards to avoid
Don’t get credit cards from these 5 stores Retail card interest rates climb to an average of 23.23% By Catey Hill, MarketWatch Aug. 7, 2014, 9:48 a.m. EDT Buyers beware: The insanely high interest rates on some stores’ credit cards make the markups they add to merchandise look like child’s play. Read: This is the sneakiest thing stores do to trick consumers. According to a survey of 61 major retail credit cards released Thursday [...]
Humor and help the authorities please
Humor and Help the authorities, please Police: Woman posed with stolen credit card Associated Press, AP 9:04 p.m. EDT August 5, 2014 Photo Courtesy of Ocala Police Ocala, Florida — Police are looking for the smiling woman who posed with a stolen credit card in a photo taken by an alert Ocala store clerk. The Ocala Star-Banner (http://bit.ly/1nnAq0d ) reports the woman used the card moments after the picture was [...]
The end of all your credit card confusion
The End of All Your Credit Card Confusion Don’t exactly know what APR means? Soon you will. By Heather Wood Rudulph Charge it! It’s a phrase you’ve committed to memory — and an action you take perhaps without thinking much about it. Credit cards are often easy to get, hard to manage, and even harder to pay off. But you need them to help establish a credit history, which is essential for [...]
Who is Jeremy Ochsner?
CEO, Stillwater Payments | Helping clients reduce processing fees and avoid rate increases and egregious lease schemes