Suspect named in TJX credit card probe (Boston Globe)
For many consumers, the ability to manage their funds more closely and spend only available funds makes debit card payments preferable to credit card transactions. The possibility for debit card fraud is similar to that of payment by paper checks and ACH (wherein consumers provide a third party with their bank routing transit number and checking or savings account number), although many card issuers now offer debit card users the same zero liability protections provided for credit card transactions.
Suspect named in TJX credit card probe (Boston Globe)
Authorities have zeroed in on a Ukrainian man they suspect played a key role in the sale of many credit card numbers stolen from TJX Cos. in what is considered the biggest corporate data breach to date.
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Barclays U.S. Credit Card Business Passes $5 Billion Receivables Milestone (PR Newswire via Yahoo! Finance)
Barclays today announced that its U.S. credit card business has passed the $5 billion mark in credit card receivables, making Barclays the fastest growing major credit card issuer in the United States.
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Iowa football players suspended in credit card case (The Globe Gazette)
DES MOINES (AP) — Two University of Iowa football players were suspended from the team indefinitely Monday after they were arrested on charges of unauthorized use of a credit card.
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Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way (Benton Evening News)
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt."
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Wells Fargo Recoups Following Massive Online, ATM Glitch (TechNewsWorld.com)
Wells Fargo said Tuesday it fixed a computer problem that left many of its Web banking customers unable to access their accounts over the weekend. The problems were first discovered Sunday afternoon, and the San Francisco-based bank said all services had been restored as of early Tuesday, though some information, such as account balances, was expected to take longer to be fully brought up to date.
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CVs stolen in online attack on jobs firm (The Herald)
Personal details from hundreds of thousands of jobseekers have been stolen in an online attack on the Monster.com recruitment website, an internet security company revealed yesterday.
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USAir to enable PayPal purchases (BizJournals)
US Airways Group Inc. is partnering with online payment firm PayPal Inc. so airline passengers can purchase tickets online without sharing personal and credit card data for each purchase.
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TRX Integrates RESX Online Booking Site with TRAVELTRAX Data Reporting (ThomasNet)
RESX Clients Gain Dashboard Visibility into Online Booking Activity through State-of-the-Art Reporting Tool ATLANTA, July 16 / / -- TRX, Inc. (NASDAQ:TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced it is incorporating the innovative travel data reporting functionality of its TRAVELTRAX(SM) ...
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Credit Scam Targets Bank Accounts (WBNS-10TV Columbus)
CONSUMER ALERT: Thieves are taking checking account numbers and using them on their stolen checks. Find out how it could affect your wallet.
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Protecting Card-based Payments - community blog from Ian Povey (Finextra)
This briefing paper outlines the many facets that make up a Chip & PIN migration, and importantly the elements that can underpin success. Migration of a card payments system from magnetic stripe & signature to a Chip & PIN model is a daunting and challenging exercise.
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Suspect named in TJX credit card probe (Boston Globe)
The key element of what most of us know as a credit card is the black line that runs along the reverse side of the card, which is called the magnetic stripe. The magnetic stripe, as its names suggests, contains magnetic ingredients -- small magnetic particles that are embedded in the plastic. The magnetic particles are incredibly tiny, with each less that 20 millionths of an inch in length. What data is stored is based on the orientation of each magnetic particle.
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