Criminals have certainly been hard at work lately. As anybody who has picked up a newspaper or logged onto the Internet recently knows, retail giant Target and tens of millions of its customers were the victims of a holiday season heist of payment and other personal information. And on January 17th, the Better Business Bureau… Continue reading New FBI Prepaid Card Scam – Alert By Better Business Bureau
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Senate Bill Aims To Ensure Prepaid Card Fee Disclosure
U.S. Senator Mark Warner chose the end of the holiday shopping season to introduce a bill that would mandate prepaid card fee disclosure. Warner, a Democrat from Virginia, unveiled the Prepaid Card Disclosure Act of 2014 on January 9, and cited the recently completed holiday gift buying season and the industry’s rapid growth as the… Continue reading Senate Bill Aims To Ensure Prepaid Card Fee Disclosure
Pot Purchases with Plastic? The Credit and Debit Cards Question
One of the first major news stories of 2014 is all about marijuana. Starting January 1, pot has been available for commercial purchase by non-medical customers in Colorado. In other words, Colorado residents are now able to purchase marijuana for recreational use by walking into a store, making a selection and paying for it at… Continue reading Pot Purchases with Plastic? The Credit and Debit Cards Question
U.S. Credit Card Security Outdated
Because around 80 countries have already embraced smart card technology, the more vulnerable U.S. has become the favorite target of identity thieves. Given that smart cards provide such superior security, the question is why the U.S. hasn’t embraced their use. According to O’Brien’s story, there has been no political pressure to force businesses and financial institutions to make the switch. Importantly, an upgrade to smart cards would be expensive.
UN Turns To Prepaid Cards
To better aid Syrian refugees, the United Nations is utilizing prepaid debit cards. by Shane Tripcony By every measure the ongoing civil war raging in Syria has been a humanitarian disaster. The United Nations estimates that over 100,000 people have died in the years long clash between supporters of President Bashar al-Assad and the various… Continue reading UN Turns To Prepaid Cards
Changes To American Express Serve Cards
Starting in November, American Express Serve prepaid customers will be able to add cash to their accounts at CVS and 7-Eleven with no fees. by Shane Tripcony The competition to serve the millions of Americans lacking traditional bank accounts just got a little stiffer. On October 8, American Express announced significant new changes to how… Continue reading Changes To American Express Serve Cards