FTC: Cramming Fraud Targets Consumers’ Credit Cards The FTC has added a new alert about a fraud called cramming where small charges of $10, $20, or $30 are secretly inserted onto your credit card bill. These small charges add up … 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
Bank of America has introduced a mobile payment system that turns smartphones and iPads into credit card readers. The "Mobile Pay on Demand" service is a joint venture between the bank and payment processor First Data. It will become available … Continue reading
PayPal is now selling its card reader product, PayPal Here, at the 1,800 AT&T stores throughout the United States. The product enables merchants and sole proprietors to take a debit or credit card payment through a dongle that attaches to … Continue reading
Starbucks continues to be a retail leader in the mobile payment industry. Last week, it was announced that the company has surpassed 70 million mobile payment transactions since it introduced its mobile payment app at the beginning of 2011. The … Continue reading
Today, Groupon launched a payment service that enables merchants to accept credit card payments using a card reader attached to an iPhone or iPodTouch. By entering this market, Groupon Payments will take on the two leaders, PayPal and Square. Groupon … Continue reading
U.S. Consumers Cut Back on Credit Card Use in June Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending. Still, total consumer borrowing increased as … Continue reading