Credit card skimming: A scam on the rise

(WXIA) — It takes just a few seconds for someone to essentially copy your credit card. It happens at restaurants, movie theaters — even fast food restaurants. Most times, you have no idea that it’s happened. Emily Smith says at first, a phone call to her …
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Credit card scam targeting small business

JACKSONVILLE, Fla. — Mohammed Youssef said when he was laid off from his job it was time to go into business for himself and three years ago he did just that. “I work hard for my money,” he said. “I want to protect my kids.” The Lebanese national is …
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Why you shouldn’t be afraid of credit cards

If you knocked on your credit card issuer’s door, dressed in a bewitchingly scary costume, would you receive a trick or a treat? Many people fear credit cards, or rather, fear credit card debt. But if you use them right, credit cards are a treat, not a trick.
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Americans are more afraid of credit card fraud than terrorism

As the holidays approach, more and more consumers are clutching their purses and wallets. But that anxiety has little to do with budgetary constraints. In fact, according to a recent Gallup spending forecast, retailers can expect an above-average shopping …
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4 Risks to Consider Before Giving a Credit Card to Your Teen

As a parent, you want the best for your children and will do whatever you can to get them prepared for their financial future. If you’re thinking about adding your child as an authorized user to your credit card account, your intentions may be good, but …
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Here’s How the New Chip-and-PIN Credit Cards Could Be DOA

A recent Gallup survey found that 69% of Americans worry “frequently” or “occasionally” about having a credit card compromised by computer hackers. It’s not shocking. Consumers are becoming more educated on the topic, and financial institutions …
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Credit-Card Firms Ride Wave of Electronic Payments

The rise in shares is also “a bit of a relief rally,” said Keefe, Bruyette & Woods analyst Sanjay Sakhrani, noting that both companies’ shares were down year to date before the latest earnings reports. MasterCard said its purchase volume rose 11% on …
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These credit cards save money for you!

Inflation is a bane of our lives. Inadvertently or consciously, a vast majority among us toils just to beat the inflation. But many an occasion, our savings are very insubstantial to bring us solace. In such difficult state of affairs, where we spend more …
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Americans Are More Afraid of Credit Card Fraud Than Terrorism

As the holidays approach, more and more consumers are clutching their purses and wallets. But that anxiety has little to do with budgetary constraints. In fact, according to a recent Gallup spending forecast, retailers can expect an above-average shopping …
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Visa, Mastercard welcome Beijing’s plans to free bank cards market

It did not provide details. Visa, the world’s largest credit and debit card company, welcomed the move. “We look forward to seeing the specific details and working with people within China to figure out what we need to do to participate in that marketplace …
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