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Why the President's Credit Card Recently Got Declined

Why the President's
Credit Card Got Declined

Oct 17, 2014 2:13 PM CDT

Why the President's Credit Card Got Declined

Seems he doesn't use it enough

(Newser) - Even the leader of the free world sometimes has his credit card declined. As Obama explained today while signing an executive order protecting consumers from identity theft, he was at a New York restaurant during the UN general assembly when "my credit card was rejected," he said. "...

Kmart Payment
Data Breached
in Latest Hack

Oct 11, 2014 4:09 PM CDT

Kmart Payment Data Breached in Latest Hack

Customer credit card information at risk: company

(Newser) - If you've shopped at a Kmart store in recent weeks, it may be time to check your credit card records: The company is the latest retailer to fall victim to hackers, it says. Hackers apparently got into Kmart's systems in early September; some credit and debit card numbers...

Guy Can't Pay Bill,
Capital One Sends
New Keyboard

Guy Can't Pay Bill, Capital One Sends New Keyboard

MaskedKoala's number 2 key was ruined by orange juice

(Newser) - It’s a problem for the Internet era—the wonky keyboard key. For one Redditor and Capital One customer, his wonky key was the number 2 … which is part of his credit card account number. Also unable to copy and paste the required 2 in the account field online,...

Cap One to Customers: We Can Visit You at Home, Work

Capital One: We Can Visit Cardholders at Home, Work

Feb 18, 2014 3:25 AM CST

Capital One: We Can Visit Cardholders at Home, Work

New contract has some pretty creepy language

(Newser) - Capital One's new update for credit card holders contains some language that sounds pretty alarming to David Lazarus at the Los Angeles Times : The firm says it "may contact you in any manner we choose"—including a "personal visit" that could be "at your home...

Things You Can't Buy
With a Credit Card (Like Pot)

Jan 25, 2014 4:20 PM CST

Things You Can't Buy With a Credit Card (Like Pot)

MarketWatch rounds up 10 examples where plastic is forbidden

(Newser) - Don't give up on cash just yet: There are plenty of items that remain difficult or impossible to get with your credit card, MarketWatch reports. Ten reasons you may want to keep going to the ATM:

Neither Visa, MasterCard, nor American Express will let you buy marijuana with plastic,

...

Pair Busted at
Mexico Border
May Be Tied to
Target Hack

Jan 21, 2014 6:03 AM CST

Pair Busted at Mexico Border May Be Tied to Target Hack

Mexican couple had 90-some bogus credit cards

(Newser) - When two people with some 90 fake credit cards were arrested trying to enter the US, authorities reported a link to the hack of Target stores —but the story has gotten more muddled. A South Texas police chief said the two Mexicans, Daniel Dominguez Guardiola and Mary Carmen Vaquera...

Fake Bank Scamming
Victims Out of Hundreds

Aug 19, 2013 6:21 PM CDT

Fake Bank Scamming Victims Out of Hundreds

People deposit up to $900 for semi-secured credit cards they never receive

(Newser) - A new scam is bilking people looking to rebuild their credit rating out of hundreds of dollars by offering semi-secured credit cards then pocketing their deposits, TheStreet reports. The Treasury has sent a letter to US bank executives and federal and state regulators warning them of the scam, run by...

Man Tweaks Credit Card Offer; Bank Doesn't Notice

Aug 9, 2013 4:35 PM CDT

Man Tweaks Credit Card Offer; Bank Doesn't Notice

Russian customer amended a mail-in credit offer, sues bank for ducking terms

(Newser) - Why not amend a credit card offer and send back your version? That's what one man did in Russia, and it kinda worked out for him, the Telegraph reports. Dmitry Argarkov, 42, scanned an offer from Tinkoff Credit Systems and changed the terms to his liking: no credit limit...

Our Credit Card Debt
Just Got Worse

Nov 19, 2012 12:29 PM CST

Our Credit Card Debt Just Got Worse

Q3 wasn't such a stellar one for plastic-happy Americans

(Newser) - Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows. The average credit card debt per borrower in the US grew 4.9% in...

Patron Tries to
Buy Beer With
Bartender's
Stolen Card

Patron Tries to Buy Beer With Bartender's Stolen Card

Surprised barkeep calls cops, gets arrest

(Newser) - A guy strolls into a bar and buys a beer with a credit card. He is then swiftly arrested. The guy, a 53-year-old homeless man in Miami Beach, purchased his brew from the exact wrong bartender ... because he happened to be using the bartender's stolen credit card, reports the...

Credit Cards Hit Clients With 'Robo-Signed' Lawsuits

Aug 13, 2012 8:19 AM CDT

Credit Cards Hit Clients With 'Robo-Signed' Lawsuits

Courts flooded with cases based on slim or falsified evidence

(Newser) - Looks like mortgage foreclosures aren't the only things banks "robo-signed." A glut of credit card lawsuits is revealing that card issuers have the same tendency to use shoddy, incomplete, or erroneous documents against clients, the New York Times reports. Companies like American Express, Citigroup, and Discover have...

Florida Man Denies
Spending $50K
at Strip Club

Jul 20, 2012 5:24 PM CDT

Florida Man Denies Spending $50K at Strip Club

Lokesh James claims charges were fraudulent

(Newser) - Fifty thousand bucks—on strippers? No way, says an outraged Florida man. Lokesh James insists he spent only $600 on Michelob Ultras and a little fun in the Champagne Room at the local strip club. The rest of his staggering $50,000 credit-card bill? All fraudulent charges and forged signatures,...

FBI Snags 24 Suspected Credit Card Hackers

Jun 26, 2012 6:37 PM CDT

FBI Snags 24 Suspected Credit Card Hackers

Feds lured them onto fake website in sting

(Newser) - Federal agents have been watching websites where hackers illegally distribute credit card data—and their work has paid off. Today, they arrested 11 people in the US and 13 overseas, reports Reuters . Under the two-year sting, agents set up a fake online forum of their own where people could trade...

Visa Dumps Processor After 1.5M Numbers Breached

Apr 2, 2012 10:15 AM CDT

Visa Dumps Processor After 1.5M Numbers Breached

Customer names, Social Security numbers reportedly safe

(Newser) - Visa has made credit card processor Global Payments persona non grata after some 1.5 million numbers were breached in a massive hack announced Friday , and the New York Times notes that the figure could be as high as 3 million. Global Payments has been removed from Visa's list...

'Massive' Data Breach May Have Hit MasterCard, Visa

Mar 30, 2012 10:07 AM CDT

'Massive' Data Breach May Have Hit MasterCard, Visa

10M cards may be affected

(Newser) - MasterCard is investigating a feared security breach linked to a credit-card processor in the US, it says; Visa has reportedly launched a similar investigation. While the companies are mum about the extent of the problem, financial insiders tell Krebs on Security it's "massive," potentially involving 10 million...

To Get New Credit Card:
Pay Off Expired Debt?

Jan 2, 2012 7:00 PM CST

To Get New Credit Card: Pay Off Expired Debt?

Feds have fined debt collector for deceptive practices

(Newser) - Americans burdened with old debt and low credit ratings are getting an unlikely offer in the mail: a new credit card. But the fine print explains that accepting the card means reviving debts that had expired by law, the Wall Street Journal reports. For one New York deli owner, the...

Feds Test Simplified
Credit Card Agreement

Dec 8, 2011 2:20 AM CST

Feds Test Simplified Credit Card Agreement

Short form in plain English could become industry standard

(Newser) - The government's consumer finance watchdog has created a credit card agreement that's five times shorter than usual and written in plain English. The Consumer Financial Protection Bureau is asking for the public's feedback on the prototype, which can be viewed here . The agreement is just over 1,...

WikiLeaks to Stop Leaking

Oct 24, 2011 10:42 AM CDT

WikiLeaks to Stop Leaking

Because it's strapped for cash, Julian Assange says

(Newser) - WikiLeaks won’t be releasing any more secrets in the near future, Julian Assange announced today; the credit card companies have brought it down. In a statement, WikiLeaks said it was making the move in response to the “blockade” against donations established by banks and credit card companies . “...

Citi Goes Wild With
Credit Card Offers

Sep 20, 2011 10:23 AM CDT

Citi Goes Wild With Credit Card Offers

Have they sent you one yet?

(Newser) - Citigroup is moving aggressively to expand its credit card business, hoping to capitalize on rivals who are toning down their efforts in the area. The bank sent out a whopping 346 million card offers to North American customers in the third quarter alone—which, the Wall Street Journal observes, is...

Google Launches Credit Card

Jul 21, 2011 10:49 AM CDT

Google Launches Credit Card

But it's only being offered to ad clients ... who can only use it to buy advertising

(Newser) - Google is launching a credit card ... but don't go making space in your wallet just yet. The card will only be issued to its advertising customers, a move Google hopes will help it keep its edge as the online ad market heats up, Reuters reports. The AdWords Business card...