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Visa, Mastercard delay deadline for chip-card upgrade of gas pumps
Visa Inc. and Mastercard Inc. pushed back the deadline for installing chip-card readers in U.S. gasoline pumps after station owners complained they didn’t have enough time to complete the multibillion-dollar upgrades. The world’s largest payments networks will give merchants until October 2020 to adopt the technology, three years later than previously planned, the companies said […]
Retailers with data breaches slow to adopt chip card readers
Experiencing a data breach doesn’t seem to be enough to scare about 43 percent of U.S. retailers into getting chip card readers in their store, a survey by CardHub found. As of October 1, 2015, the liability for a credit card data breach shifted from the credit card company to the retailer, giving businesses more […]
WMATA: Metro fare machine credit card problem fixed
WASHINGTON — Metro says a problem that kept riders from using credit and debit cards at fare machines for hours has been resolved. On Monday morning, Metro tweeted that some fare machines were not accepting credit cards. Later, Metro said machines couldn’t accept debit cards, but customers could use credit cards for transactions smaller than […]
Nearly 1,000 have signed up for NASA FCU’s Star Trek cards
Almost 1,000 people signed up for Upper Marlboro-based NASA Federal Credit Union’s Star Trek-branded credit cards before they became available, according to the credit union. The credit cards, which are under license by CBS Consumer Products, give users access to Star Trek merchandise and experiences, as well as the credit union’s Platinum Advantage Rewards program. […]
Poll shows few in US have received credit cards with chips
Even as an Oct. 1 deadline approaches to replace Americans’ out-of-date credit cards with new cards embedded with computer chips, the vast majority of Americans still have not received their new cards and only a small minority are using the chips at all, a new Associated Press-GfK poll shows. The poll finds that roughly one […]
Highly logical: NASA Federal Credit Union to offer Star Trek cards
Star Trek fans can take advantage of a highly logical pairing between Upper Marlboro-based NASA Federal Credit Union and CBS Consumer Products. The credit union will offer a series of Star Trek credit cards sporting designs from the popular science-fiction entertainment franchise, starting in September. The cards will provide unique rewards of Star Trek merchandise […]
U.S. consumer borrowing rises at slower pace
Consumers increased their borrowing at a slower pace in May compared to the prior month.
Audit: Inappropriate charges made to state cards
An audit has found that four Maryland workers used state-issued credit cards to buy $255,000 of inappropriate items in recent years.
Target hit harder than previous big retail data breach
The hit to TJX Cos. was minimal after it disclosed in 2007 a massive data breach of customer information at its T.J. Maxx, Marshalls and HomeGoods stores.
Massive Target breach could have lasting effects
NEW YORK — Fallout from Target’s pre-Christmas security breach is likely to affect the company’s sales and profits well into the new year. The company disclosed on Friday that the massive data theft was significantly more extensive and affected millions more shoppers than the company reported in December. As a result of the breach, millions […]
Americans cut back on credit cards for 3rd month
WASHINGTON — Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending. Consumers increased their borrowing $13.6 billion in August to a seasonally adjusted $3.04 trillion, the Federal Reserve said Monday. That’s a record and it followed a gain of $10.4 billion […]
