‘Anonymized’ credit card data not so anonymous, study shows

WASHINGTON — Credit card data isn’t quite as anonymous as promised, a new study says. Scientists showed they can identify you with more than 90 percent accuracy by looking at just four purchases, three if the price is included — and this is after …
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Not so Anonymous: Four Bits of Credit Card Metadata Might Give Away Your Identity

If you thought that shopping habits of an individual were inconsequential think again! Latest study reveals that ambiguous information such as the location, time, price and date of purchases is sufficient to give away your identity! According to the study …
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Cash or Credit? Paying for Big Purchases

How consistent is your income? Are you saving enough for retirement? Are you carrying any revolving credit-card debt? The less favorable your answers to these questions, Ms. Kirkpatrick says, the less sense such a major purchase currently makes for you …
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Special alert: credit card fraud

Sooner or later, we are all likely going to be victims of credit card fraud. Yesterday, it was my turn. Someone used my card in the Midwest, but I don’t live there, and I had my card in my wallet. Fortunately, three things occurred. First, I got an alert …
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TSA Disputes Claim That It Will Spy On Air Travelers’ Social Media, Credit Card Activities

The Transportation Security Administration (TSA) says language included in a draft agreement that was to allow private contractors to scour air travelers’ social media activities and credit card purchases before approving them for expedited travel under …
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This Week In Credit Card News: Password Managers Limit ID Theft; Apple Pay’s Domination

Apple Pay Accounts for $2 out of every $3 Spent with Contactless Payments Apple CEO Tim Cook said nearly $2 out of every $3 spent using contactless payments across Visa, MasterCard, and American Express are being made with Apple Pay since the service …
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Credit cards offer far less privacy than you think

Credit card data isn’t quite as anonymous as promised, a new study says. Scientists showed they can identify you with more than 90 percent accuracy by looking at just four purchases, three if the price is included — and this is after companies “anonymized …
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Can My Credit Card Company Sue Me?

A commenter on our blog said he’d heard of a creative way to get rid of a lawsuit from a credit card issuer. “Doug” said lawyers he know have told him that suing a customer is a violation of the issuer’s arbitration clause that comes standard in …
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4 Dangers of Increasing Your Credit Card Limit

It can be quite flattering when your credit card company sends you a notification in the mail saying you are eligible for a credit line increase. Obviously, the company thinks you’re doing a great job managing your credit card — or, at the very least …
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Can My Credit Card Company Sue Me?

A commenter on our blog said he’d heard of a creative way to get rid of a lawsuit from a credit card issuer. “Doug” said lawyers he know have told him that suing a customer is a violation of the issuer’s arbitration clause that comes standard in …
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