Tag: CREDIT CARD

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 ...

If you blame your credit card for making it all too easy to unconsciously rack up piles of debt, just imagine the kinds of splurge purchases you'd make if you could pay with your face. FaceCash, the new mobile payment system from ThinkLink, is an app that allows users to store credit card and bank account information directly on their smartphones, enabling them to purchase groceries, clothes or ...

We have seen no greater example of exactly why we are in our current dire financial straights than the new MySpace-branded credit card. In what we can only assume is a conspiracy by News Corp (owner of MySpace, Fox News and the Wall Street Journal) to ensure that the younger generation will be subject to the same crippling debt that we are, the social networking service has lent its brand name ...

It was just a few weeks ago that the world learned of the millions of credit card accounts compromised by Heartland Payment, an account processing clearinghouse that had its networks infiltrated by hackers for months before anyone noticed. Now we have word of another breach, but this one is more mysterious. While both of the companies involved are reluctantly admitting that some cards were ...

It wasn't all that long ago that grocery shoppers at Hannaford were sent reeling with the news that their credit cards had been nabbed by hackers -- 4.2 million credit card numbers were stolen in total. If that was you, chances are you still haven't memorized your new credit card number, and that's just as well because you may need yet another one, as another breach has been identified -- one ...

We understand that there are people out there who are gullible or uninformed, and that's why we try to help as much as we can. That said, we have never, ever seen a scam this obvious, at least not a real one. The sad thing is there are probably enough people that are dumb enough to fall for it, and therefore scammers who would try it, so it's not out of the question that this ruse actually ...

If you were wary of paying for anything with your credit card after reading about the millions of card numbers stolen from supermarkets, restaurants, or pretty much any other retailer, then you might be able to shop a little more calmly today. Federal prosecutors have rounded up 11 criminals around the world. Said folks are allegedly responsible for stealing a whopping 41 million credit cards. ...

Late last week, New York-based Western Express International was shut down for identity theft and money laundering. In addition, 17 of the company's employees were indicted in the investigation Following a two-year investigation by the Manhattan DA and the Secret Service, charges were filed on Wednesday against the front company that reportedly brought in over $35 million in illicit funds. Western ...

Long known for protecting online purchases and corporate intranets from the thieving keystrokes of hackers, VeriSign has announced plans to bring its brand of super security to credit and ATM cards. VeriSign has partnered with Innovative Card Technologies to develop a special card embedded with an extra one-time-use password. By pressing a button on the back of the card, a tiny built-in display ...