UK credit card charge-offs fall in Q2, other indicators deteriorate - Fitch (Sharewatch)
For example, in a February 2007 report from the New York Association of Convenience Stores, retailers noted that a portion of the lottery commission earned on lotto ticket sales is reduced by the processing fees they are charged by Visa and MasterCard when a customer pays with a credit card.
UK credit card charge-offs fall in Q2, other indicators deteriorate - Fitch (Sharewatch)
MUMBAI (Thomson Financial) - Fitch Ratings said that while UK credit card charge-offs fell during the second quarter of 2007, other performance indicators deteriorated. Fitch added it maintains its stable to negative sector outlook for the remainder of the year.
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(AFX UK Focus) 2007-08-16 05:53 GMT: UK credit card charge-offs fall in Q2, other indicators deteriorate - Fitch (Interactive Investor)
MUMBAI (Thomson Financial) - Fitch Ratings said that while UK credit card charge-offs fell during the second quarter of 2007, other performance indicators deteriorated.
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(AFX UK Focus) 2007-08-21 12:03 GMT: Stocks tilt to lower open on credit woes (Interactive Investor)
NEW YORK (AP) - Wall Street tilted toward a lower opening Tuesday after news that Capital One Financial Corp. was closing its GreenPoint Mortgage unit raised more worries about credit.
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(AFX UK Focus) 2007-08-21 20:12 GMT: Ukrainian may have ties to TJX theft (Interactive Investor)
BOSTON (AP) - A Ukrainian man recently arrested in Turkey is suspected of selling some of the credit and debit card numbers stolen in a data hack of at least 45 million cards of TJX Cos. retail customers, a U.S. investigator said Tuesday.
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(AFX UK Focus) 2007-08-20 18:41 GMT: Discover warns against "mini-tender" (Interactive Investor)
RIVERWOODS, Ill. (AP) - Discover Financial Services urged shareholders Monday not to sell stock to TRC Capital Corp., which is offering to buy the credit card operator's shares at below-market prices.
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(AFX UK Focus) 2007-08-22 01:20 GMT: Commercial paper still in question (Interactive Investor)
NEW YORK (AP) - Commercial paper, usually a quick and easy way for companies to get cash, has become harder to sell amid the shrinking of the worldwide credit market.
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(AFX UK Focus) 2007-08-21 16:00 GMT: TFN NEWS BRIEFING: Consumer and retailing highlights to 15:45 BST (Interactive Investor)
2007-08-21 15:26:20 Stocks down on emerging credit problems
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Web users prefer banking online to the high street (Computing.co.uk)
Tom Young, Computing , Tuesday 21 August 2007 at 00:00:00 Consumers still concerned about card fraud but are growing in confidence The internet has overtaken high street branches as web users' preferred channel for banking, according to a survey. Eighty per cent of the UK's online population has embraced internet banking... > Read the full article
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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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Anatomy of a global credit crisis (Independent)
What is going on in the debt market and why should I care?
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UK credit card charge-offs fall in Q2, other indicators deteriorate - Fitch (Sharewatch)
The credit card's magnetic stripe contains three tracks of data, each being approximately one-tenth of an inch wide. The first and second tracks in the magnetic stripe are encoded with information about the cardholder's account, such as their credit card number, full name, the card's expiration date, and the country code. Additional information can be stored in the third track.
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