Credit Card News

25
Jan
Visa Eyeing the Future with Biometric Credit Cards

With an eye towards the future, Visa is currently testing biometric credit cards at two banks. Visa announced this month it’s edging closer to a reality in which credit card personal identification numbers will be a thing of the past. The credit card giant said it is testing biometric credit cards at two banks at this […]

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24
Jan
15 Million U.S. Adults Have Secret Accounts Their Partners Don’t Know About

A new poll revealed that 15 million Americans have a credit card or bank account that their partner does not know about. A recent survey revealed just how much of an issue financial honesty can be in a relationship. In a survey of 1,372 romantically-attached adults living in the U.S., 31 percent said finding out a […]

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23
Jan
Four Major Banks See a 20 Percent Increase in Credit Card Losses

Four of the largest retail banks in the U.S. had a combined loss of $12.5 billion due to delinquent credit cards. This past year, the four largest retail banks in the U.S. dealt with credit cards delinquencies of almost 20 percent. Bank of America, Wells Fargo, JPMorgan Chase, and Citigroup had a combined total loss of […]

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12
Jan
Crypto Credit Card Boasts Blockchain Technology

Crypto Credit Card is joining the financial industry with its blockchain technology. The firm recently went on the record to discuss how its credit ecosystem works and why it’s a good idea to streamline finances like payments, microlending, and credit cards under the umbrella of a single token economy.Crypto Credit Card offers a service to […]

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10
Jan
Consumers Are Spending More on Credit According to State of Credit Card Market Report

The Consumer Financial Protection Bureau (CFPB) recently released the report it compiles every two years on how the credit card market is performing. This report offers key statistics about the market. According to the report, average credit card debt, usage of online services, how many accounts there are, and the limit of credit lines have […]

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19
Dec
Edge Buys Out Smart Credit Card Company Plastc

A mobile payment startup called Edge recently bought out the assets of Plastc nine months after the company filed for bankruptcy. Edge plans to incorporate Plastc’s technology into the company’s own smart card.Plastc was in the process of developing a smart card which would house all of your credit cards in one single piece of […]

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14
Dec
Discover Will Drop the Signature Requirement for Credit Card Transactions

Credit card giant Discover recently announced it will no longer require signatures from customers using their cards when they are paying in the checkout line. The change in protocol will begin April 2018.Discover isn’t the first in this trend. Many other credit card companies, like Mastercard, have also pulled the plug on the signature requirement […]

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13
Dec
Marriott to Issue New Co-Branded Credit Cards Next Year

Last week, Marriott announced that it extended and signed a new multi-year deal to issue U.S.-based co-branded credit cards with JPMorgan Chase and American Express. The company provided limited details but said that more information will be given in the New Year.Marriott’s CEO Arne Sorenson said, “Marriott’s co-brand credit cards have been a meaningful cont

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07
Dec
Changes Made to Several American Express Credit Cards

It is pretty common for credit card companies to regularly update their products in order to remain competitive in the marketplace. The scope of these changes range from merely enhancing the appearance of the card to improving the overall benefits and rewards that cardholders are offered.American Express did just that with a couple of its […]

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07
Dec
California Startup Looking to Revolutionize Access to Credit Cards

Deserve, a Menlo Park, California based startup, formally known as SelfServe, introduced a new credit card focused on students and immigrants. According to Deserve, the mission of this credit card is to put more people on the road to financial freedom in America.Just recently, the company announced raising $12 million in funding to help them […]

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