Tag: CREDIT

Earlier this month, AT&T and Verizon announced a joint venture to test a new system that would allow customers to pay for products with their smartphones. Now, Bank of America and Visa have followed in their footsteps, and, as Reuters reports, will begin testing their own smartphone-payment system next month.The test run, which will take place in New York from September through the end of ...

We already know that debt collectors are turning to social networks to gather information about financial delinquents. Now lending institutions are trying to stop customers from even getting to the point of having to be trailed by a debt collector by turning to Facebook and Twitter for clues. The Pittsburgh Post-Gazette reports that officers at the Lending Club and other financial ...

If you were to withdraw money at your ATM and it didn't ask you for your PIN, you'd probably be a bit concerned about the rest of the cash you'd stashed in that bank. You'd feel the same way if your bank let you complete online transactions without asking for a password. So why, then, can you get a loan or a new credit card without the same sort of basic security precaution? That's the idea ...