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Walmart Exec Predicts New Credit Card Chip Technology Will Cause Black Friday 'Anarchy' A Walmart executive is predicting "anarchy" this holiday shopping season due to new rules in place requiring retailers to accept chip-embedded credit cards from consumers. The exec … Continue reading →
At the Money 20/20 payments conference, Walmart payments executive John Drechny warned that the new rules requiring retailers to accept chip-embedded credit cards will cause confusion and longer lines on Black Friday and throughout the holidays. Drechny questions the timing of the new … Continue reading →
'Rachel' Robocallers Reach Settlement with the FTC Two more people and four companies have agreed to settle charges in the "Rachel robocall" scheme, according to the Federal Trade Commission. The Rachel scam, which used other names as well, called people, … Continue reading →
Consumers in the United States spent a record $42.3 billion online during the past holiday season according to data released by comScore. This was a 14 percent increase in online sales from 2011 when consumers spent $37.2 billion. Holiday shopping … Continue reading →
An estimated 129.2 million shoppers say they will head to retailers' websites today, up from 122.8 million who shopped last year, according to a Shop.org survey. This follows record levels of online spending over the Black Friday weekend. Special promotions will … Continue reading →
Black Friday has become known for terrific sales to kick off the holiday shopping season. If you visit some stores this Black Friday, a store clerk will likely ask you, "Would you like to save X% by opening a credit card account?" Typically, stores offer … Continue reading →