credit cards

Britain's new rule seeks to prevent steep fees — as much as 20 percent — from being added to customers' bills simply because they pay with a credit card rather than with cash.

U.K. Bans Credit Card Surcharges, Calling Them A 'Rip-Off'

10:38am July 19, 2017

by Bill Chappell

In the U.S., at least 11 states forbid retailers from adding surcharges to credit card transactions. Several also allow discounts for customers paying via cash rather than plastic.

National

Device Lets Police Seize Digital Cash, Raises Civil Liberties Concerns

5:25pm July 02, 2016

by Mark H. Kim

Officers can instantly freeze or seize the funds loaded on prepaid cards using the handheld device, and some civil liberties advocates say the machines may be abused.

As of Monday, Costco customers have to ditch their old Costco credit cards and switch to new ones to pay for those jumbo-sized items in their shopping carts.

The Big Costco Credit Card Switcheroo

5:28pm June 20, 2016

by Chris Arnold

As of Monday, Costco has officially moved on from its 16-year relationship with American Express and is now partnered with Visa.

Visa announced a new technology Tuesday — the Quick Chip specification — that will speed up the chip card payment process.

Are The New Credit Cards Chipping Away At Our Patience?

5:54pm April 19, 2016

by Zhai Yun Tan

Despite the switch from the magnetic stripe credit cards to chip cards last October, the new technology is still not widely adopted. Visa unveiled an upgrade to speed up checkouts but barriers remain.

Jonathan McHugh/Getty Images/Ikon Images

Medical Debt Rains Pain On Families, Even In the Sunshine State

12:22pm March 17, 2016

by Sammy Mack

More than 30 percent of Floridians report having serious financial problems, compared with 26 percent of adults nationwide. Digging into those poll numbers shows large medical bills can be ruinous.

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A computer chip is seen on a newly issued credit card in this photo illustration taken in Encinitas, Calif., this week. In an effort to reduce counterfeit and credit card fraud, more than 200 million payment cards have been issued with embedded computer c

Economy

3 Things To Know About Those New Credit Cards

3:42pm October 01, 2015

by Scott Neuman

Today is the deadline card issuers have given for merchants to be ready to accept the new, more secure, computer-chipped cards. But there's still a long way to go.

Computer chips are seen on newly-issued credit cards. In an effort to reduce counterfeiting and credit card fraud, more than 200 million payment cards have been issued with embedded computer chips in the U.S. ahead of an Oct. 1 deadline, according to the

No More Swiping: New Credit Cards Designed To Reduce Theft

1:03pm October 01, 2015

by Charles Lane

Thursday is the beginning of the end for magnetic-stripe credit cards. With the change, banks say stores will have to pay for fraudulent purchases. The shift may be hard for some small retailers.

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About one-third of households carry credit card debt over from month to month, down from 44 percent in 2009.

Watchdog: Consumers 'More Responsible' With Credit Card Debt

1:43pm August 12, 2015

by Susanna Capelouto

Before the Great Recession, many Americans piled up too much credit card debt. Now, they seem to be a little wiser about using plastic, says the head of the Consumer Financial Protection Bureau.

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To protect against fraud, U.S. banks will be issuing credit cards with small computer chips. But some experts say using a PIN to complete a transaction is more secure than a signature.

U.S. Credit Cards Tackle Fraud With Embedded Chips, But No PINs

3:01pm January 08, 2015

by Jim Zarroli

The nation's biggest banks are leaning toward a new credit card security system that will rely on embedded chips and signatures rather than PINs. But critics say the PIN-and-chip system is superior.

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Will Apple's Mobile Wallet Replace Your Leather Wallet?

8:57am October 22, 2014

by Aarti Shahani

Many have tried and failed with this kind of payment option before. But Apple's launch is bigger, with more financial institutions' support, and consumers may be more security-conscious.

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