U.S. Amasses Big Data on 10 Million People, Banks Protest The CFPB is working towards monitoring how millions of Americans use credit cards, take out mortgages, and overdraw their checking accounts, but bankers aren't happy about it. The CFPB wants access … Continue reading
Educational initiatives on the U.S. transition to secure chip-based credit card payment systems was one of the top priorities for 2013 to come out of the 6th annual Smart Card Alliance Payments Summit, held recently in Salt Lake City, Utah. … Continue reading
2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card stories of 2012: Swipe … Continue reading
The worldwide acceptance of mobile payments took another step forward when it was announced that they will be taken at this year's Oktoberfest. Small vendors at the world's largest fair will be able to accept card payments from customers for … Continue reading
Americans are slowly getting more options for EMV chip credit cards for overseas travel. The EMV (stands for EuroPay, MasterCard and Visa) chip has replaced the magnetic stripe in most countries but the United States, and this has created problems for travelers … Continue reading
There is good news for international travelers. Banks are adding chip technology, also known as EMV, to more international credit cards. Using the old magnetic strip credit card outside the United States has become somewhat of an ordeal for travelers. Many … Continue reading