Archive for March, 2009
Cache of 22,000 Credit Cards Discovered by an Australian IT Worker
A cache of 22,000 credit cards was discovered by an Australian IT worker, 19,000 of which are believed to be active cards owned by British and American citizens. The cards included MasterCard, Visa, American Express, Delta, Cirrus, Solo and Switch accounts and the information uncovered included card numbers, names, addresses, expiration dates and security codes.
It’s [...]
Mobile Credit Card Proccessing
The future of mobile credit card processing is in that shiny new smartphone so many consumers are now carrying on their hips. Whether you love your iPhone, Mobile Windows device, or your Treo, the number of applications available to you to allow for credit card processing is ever increasing. This is particularly welcome news to [...]
Pulse Tests Technology for Consumers to use PIN Debit Cards Online
Pulse, a component of Discover Financial Services, processes transactions from ATMs, point of sale terminals and links up approximately 4500 banks. Now the Pulse network has announced that they will be testing a system that will allow consumers to pay online merchants with their PIN debit cards. Acculynk Inc. provides the technology for the system, [...]
Credit Cards Reducing Credit Limits
It’s a curious predicament for a credit cardholder to be in. If you reduce the amount owing on your card by paying a large share of the balance owing, you may have your credit line drastically cut. If you continue carrying a large balance your credit card company can increase your interest rate. Either option [...]
Set for Life Financial to Work with Angels in Action
Set for Life Financial, a payment processing company that provide full service ecommerce solutions to businesses both large and small, will now be working with the Angels in Action program (under the ownership of Angel Acquisition Corp.) Set for Life is known for offering services that mainly cater to the online community, including “card not [...]
Total Merchant Services Calculator
Merchants often receive confusing or flat-out misleading information when they try to determine where they can get the best deal on credit card processing. Each month they may feel increasingly frustrated as they review detailed but difficult to understand statements. And their fees just seem to be higher and higher and higher.
Total Merchant Services has [...]
Capital One Financial February
February held somewhat better results than expected for Capital One Financial Corp. As a result share values rose by $0.85.
While Capital One’s noncollectable credit card rates rose slightly from February to January, now at 8.06% from 7.82%. Noncollectable ratios for auto loans dropped one and half percentage points though, going from 6.09% to 4.44%. [...]
How Do Credit Cards Make Money
Credit card companies make plenty of profit as a result of the fees they charge consumers, from annual fees to potentially exorbitant interest rates, you might think it’s where credit card companies make the bulk of their money. In truth though, consumer fees and interest are only one part of the bottom line for credit [...]
Payment Connect
Payment Connect offers an integrated approach for merchants searching for payment solutions. Payment Connect will even provide payment consultation services to help any organization best meet its needs with respect to services such as credit card processing, eChecks, mail or telephone payments, fraud protection services. In fact, Payment Connect offers their own fraud protection software [...]
Credit Card Cheques
The credit card industry has been coming under ever increasing scrutinization, as the economy continues to falter and job losses increase, it isn’t surprising that consumers are concerned about lending practices, especially in an industry like the credit card industry.
The increased awareness of industry issues is leading the government to ban credit-card cheques. Credit-card cheques [...]