Visa Mobile Limited Offer

For a limited time, Chase Visa credit and debit holders will gain access to Visa Mobile, an advanced mobile payment application which can be operated on Android based mobile devices like the T-Mobile G1TM phone.
“Visa is thrilled to make these applications available to mobile users and offer the first commercial service in the U.S. that [...]

Debate on Proposed Changes for Credit Card Industry

Sweeping reform or a solution that comes up short? That’s the debate in regard to the proposed changes for the credit card industry. Changes would include elimination of the practice of retroactively upping interest rates and late fees charged with no reasonable time frame in which to make payment.
The Federal Reserve has been contemplating the [...]

New Federal Regulations Proposed for Credit Industry

Federal regulators are preparing to adopt new, more exacting controls on the credit industry which will likely come into effect by mid-2010. Up to this time the industry has had relatively light regulation, allowing some companies to reap significant financial rewards to the detriment of consumers. Over 15,000 companies will be affected by the changes, [...]

M Wallet Solution

Union Mobile Pay (UMPay) and China UnionPay are combining forces with Motorola and launching an expansive mobile payment solution, which includes an M-Wallet with back-end management. The M-Wallet solution offers an enhanced user interface, secure and reliable services and personalization for financial needs such as money transfers, utility payments, bill transfers and account inquiries, all [...]

Credit Card Companies Fair Principles Request

After being given two weeks to come up with a set of ‘fair principles’, credit card companies approached consumer affairs minister Gareth Thomas with what they believe will be a reasonable way of working with individuals struggling in the poor economy.
The three key points involved are:
1. Credit card providers will provide a minimum of 30 days [...]

Credit Card Interest Rates Are on the Rise

Many consumers may see increased interest rates on their credit card accounts soon, as credit card suppliers, including American Express® and Citigroup. American Express is raising the rates on some accounts up to 3 percentage points and they are also decreasing the credit available to some consumers. Citigroup’s rates may go up by around three [...]

Options to Paying Off Credit Cards

Are you having trouble paying off your credit cards, or even making any payment at all on them? You may have a variety of options available to you, depending on your particular situation, including:

Debt Consolidation
Refinancing
Credit Counseling
Negotiating with Your Creditors
Bankruptcy

Bankruptcy is a pretty drastic step, but one option that definitely should be explored is that of [...]

Bank of America Sees More Lay Offs

Significant personnel changes are afoot at Bank of America as 2009 approaches, and uncertainty is escalating about what the economic situation will be like in the future.
The biggest personnel change is that of Ric Struthers taking over leadership of the bank’s global card services, as former head Bruce Hammonds is set to retire at the [...]

Use Your Credit Card to Pay Your Sheriff

Federal Payments, under the administration of ACH Direct, has recently made available a revenue-neutral method for allowing Sheriff’s departments and other government agencies to process credit card payments for fines. All fees associated with such processing are payable by the citation holder, rather than the merchant account (the Sheriff’s department). To further control the costs [...]

Secured Credit Card

Have you missed a lot of credit card payments? Tired of the finance charges, the collection calls and the feeling of frustration? Do you need to build your credit rating?
There is a credit card option available to you – the secured credit card. To obtain a secured credit card an applicant must provide a deposit [...]