“It’s Just Not Right”: Major Venues Now Punishing People For Using Cash Vs. Plastic
By Tyler Durden Fans heading to Yankee Stadium hoping to pay in cash at the iconic ballpark for their favorite concessions have been thrown a…
credit cards
Mastercard announces new AI suite with behavioral biometrics to fight fraud
By Joel R. McConvey Large financial institutions are coming to terms with the new world of tech-driven fraud and adopting digital identity tools as an…
Visa Says Palm Biometric Payments Have Promising Future
By Masha Borak Payments giant Visa showcased its pay-by-palm biometric payment technology at an event marking the transformation of its Singapore Innovation Center last week….
Delinquency Rates Are Spiking! Has The Final Meltdown Of The U.S. Consumer Now Begun?
By Michael Snyder According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter…
Red Alert: Tap-To-Pay Terminals Can Reach Into Your Wallet Or Purse And Charge You For Things You Haven’t Even Purchased
By Michael Snyder Have you noticed a charge on one of your cards that you can’t explain? If so, you may be a victim of…
“Particularly Risky” – BIS Reveals “Buy Now, Pay Later” Use Is Soaring Among Working Poor Youngsters
By Tyler Durden A new report by the Bank for International Settlements (BIS) shows that buy now, pay later (BNPL) adoption among young adults, particularly those with…
Why Nearly Half of Higher-Income Households Say They Are ‘More Reliant on Credit Cards Than Ever’
By Jon Miltimore David Brooks is sorry. The New York Times columnist admitted he “screwed up” when he posted on social media a photo of his meal — a burger, fries,…
Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis
By Tyler Durden One month ago we warned that the toxic cocktail of Volcker-esque rates, which have pushed the average credit card APR to a…
8 Signs That We Are Right On The Verge Of A Major Credit Card Debt Crisis
By Michael Snyder We aren’t quite there yet, but an enormous credit card debt crisis is definitely brewing. Americans are becoming increasingly dependent on their…
Now in Effect: West Virginia Law Prohibits Using Credit Card Information to Track Firearms Purchases Without a Warrant
By Michael Maharrey Today, a West Virginia law goes into effect prohibiting state government entities from accessing information about firearm and ammunition purchases generated by…
Battered By Inflation, 90 Million Americans Struggle Paying Bills As Credit Card Usage Spikes
By Tyler Durden A large swath of American consumers are facing financial hardship as they grapple with elevated living costs, record-high credit card use, and…
Consumer Credit Shocker: Credit Card Debt Explodes At 2nd Fastest Pace On Record Just As Rates Hit All-Time High
By Tyler Durden So much for credit being tight. One month ago, not long after we warned that consumer credit was about to get much…
Home Foreclosures And Missed Credit Card Payments Surge As Consumers Buckle
By Tyler Durden In the first quarter of this year, home foreclosures surged, as reported by property data firm Attom. Following a two-year lull, pandemic-related housing…
Discover To Begin Tracking Purchases At Gun Retailers Starting In April
By Tyler Durden One month ago, credit-card provider Discover Financial Services, issuer of the eponymous credit card, stunned markets when it unveiled in its latest…