Latest Credit card services News

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. As you set your financial resolutions for 2021, make sure your credit cards align with your goals. Reviewing your card benefits may reveal opportunities to squeeze out more value. (AP Photo/Jenny Kane, File)

7 credit card perks to prioritize in 2021

Jan. 12, 2021 7:34 AM EST

As you lay the groundwork for 2021 financial resolutions, take inventory of your credit cards to see if they’re still in line with your goals and priorities. With the pandemic upending spending patterns, possibly for the foreseeable future, an audit of the benefits and costs of your cards can reveal which...

FILE - In this Saturday, Dec. 26, 2020 file photo, children are silhouetted against a pond as they look at Christmas lights at a park in Lenexa, Kan.  Balancing checkbooks and paying in cash are out, credit cards and digital wallets are in. When today’s kids grow up, they’ll pay for things very differently than their parents and grandparents did. That’s why it’s important for parents to update the way they teach their children about money management.  (AP Photo/Charlie Riedel, File)

To raise financially savvy kids, give money lessons a reboot

Dec. 30, 2020 7:51 AM EST

Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask yourself a few questions first. Is this still how you deal...

Audit shows $28,000 in improper purchases by library worker

Dec. 20, 2020 11:14 AM EST

DES MOINES, Iowa (AP) — An outside audit found that a Des Moines library employee who died in April improperly charged more than $28,000 to a library credit card. The auditors the city hired, RSM US LLP, found that Bekki Kirkland made 159 fraudulent transactions between 2016 and 2020. Roughly one-third of...

Mexico says credit, debit card settlements a near monopoly

Dec. 16, 2020 11:47 AM EST

MEXICO CITY (AP) — Mexican regulators said Wednesday that the two firms handling the country’s debit or credit card settlement process represent a near monopoly, and have recommended that leading banks be forced to sell off their ownership share in the companies. While many banks issue cards in...

Head waitstaff Laurie Mitchell, right, talks with a customer at Rodd's Restaurant, Thursday, Dec. 10, 2020, in Bristol, Conn. Connecticut restaurant owners are concerned Gov. Ned Lamont will soon shut down indoor dining again and have taken steps to remain in business, like offering to go services, installing partitions and routinely cleaning and sanitizing areas. (AP Photo/Jessica Hill)

Restaurant owners consider loans, house sales to keep afloat

Dec. 13, 2020 9:59 AM EST

For the past 27 years, the husband-and-wife owners of the Water Street Cafe have worked to make their restaurant a beloved establishment in the seaside borough of Stonington, Connecticut. But less than a year after the coronavirus hit, they're just trying to keep the doors open as their financial options dwindle....

Mastercard may have to pay billions in UK class action

Dec. 11, 2020 12:31 PM EST

LONDON (AP) — Mastercard could have to pay U.K. consumers as much as 14 billion pounds ($18.5 billion) after the country’s Supreme Court allowed a class-action lawsuit against the credit-card company to move forward. The Supreme Court on Friday ordered a competition tribunal to reconsider its...

Visa, Mastercard won't allow charges for services on Pornhub

Dec. 11, 2020 11:50 AM EST

NEW YORK (AP) — Mastercard and Visa said Thursday they would block their customers from using the credit cards to make purchases on Pornhub following accusations the pornographic website showed videos of rape and underage sex. They reacted following an investigation by opinion columnist Nicholas Kristof of...

A long row of unsold 2020 Stelvio sports-utility vehicles sits at an Alfa Romeo dealership, Sunday, July 19, 2020, in Highlands Ranch, Colo. U.S. consumers took out more auto and student loans in October 2020, but cut back on credit card borrowing, a sign that they remain cautious about spending amid a spike in coronavirus cases. (AP Photo/David Zalubowski)

US credit card balances fall, though overall borrowing rises

Dec. 7, 2020 7:44 PM EST

WASHINGTON (AP) — U.S. consumers took out more auto and student loans in October, but cut back on credit card borrowing, a sign that they remain cautious about spending amid a spike in virus cases. The Federal Reserve said Monday that consumer borrowing rose 2.1% in October to $4.16 trillion, pushed...

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. The coronavirus pandemic hasn’t stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this year. For some, however, the ability to keep buying things with plastic and then pay the bill likely depends on whether current negotiations in Washington produce another round of economic aid. (AP Photo/Jenny Kane, File)

Americans can pay their credit card bills, but for how long?

Dec. 7, 2020 7:06 AM EST

NEW YORK (AP) — The coronavirus pandemic hasn’t stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this year. For some, however, the ability to keep buying things with plastic and then pay the bill likely...

Editorial Roundup: New York

Dec. 2, 2020 11:07 PM EST

Recent editorials of statewide and national interest from New York’s newspapers: Visa Is Doing What Big American Companies Do to ‘Protect This Business’ The New York Times Dec. 2 Visa dominates the lucrative business of processing debit card transactions. Merchants must choose between paying...