The 7-year fight between merchants and credit card companies over interchange fees on credit cards has finally been resolved. A settlement was reached on Friday that gives retailers a little over $6 billion in a lump sum payment, …
Paying With Plastic
Vacation Spending: Credit or Debit?
Packing for vacation inevitably involves some decision making: Do I bring extra sunglasses? Flip flops or sandals? But a more important question is whether you should use a credit or debit card for vacation spending. Debit cards, …
Credit Card Surcharges May Be Coming to a Retailer Near You
Retailers have been fighting for the right to charge people more if they pay with a credit card. They may soon win that battle.
How Exactly Do Cyber Criminals Steal $78 Million?
Let’s say you’re a cyberthief who just compromised hundreds of bank accounts worth millions of dollars. Congratulations! You’re now the scourge of the global community. Now, all you need to do is get your hands on that money. …
How to Pick a Cash-Back Credit Card
The idea of a credit card that gives you money for spending is pretty appealing, which goes a long way to explaining the enduring popularity of cash-back credit cards. The more you spend, the more you earn.
5 Smart Strategies for Managing Your Debt
Consumers have been good about paying down their debt. But they stink at managing what debt remains. Here are five ways to keep control.
Going on Vacation? Now You Can Put it on Layaway
Layaway used to be reserved for big-ticket items like televisions or leather couches. Now, you can use it for your summer vacation.
The New Normal: From Families to Nobel Winners, It’s All About Less
The wealth of American families has fallen to levels last seen in the early 1990s. Yet a shrinking payout for Nobel Prize winners suggests that even our brightest minds must adjust to the new normal.
Would You Buy Stuff at a Garage Sale With a Credit Card?
Every summer, phone poles fill up with colorful fliers advertising events like garage sales, flea markets and bake sales. But this year, you’re more likely than ever to pay with plastic for that tchotchke or cupcake. A new study …
Does Financial Education Work? Clinton Global Initiative and PwC Bet $160 Million That It Does
The financial literacy movement is getting a valuable boost. At the second gathering of the Clinton Global Initiative America, which runs today and Friday in Chicago, the accounting giant PwC will unveil a $160 million campaign …
Visa Bumps MasterCard and AmEx from Olympic Venues
Visitors attending the Olympics in London this summer might be performing athletic feats of their own just trying to find an ATM near the sites where the games are being held. British media reports say Visa is having more than …
Odd Angry Birds Merchandising: Angry Birds-Themed Soda, Jewelry, Debit Cards & More
Sure, Angry Birds is popular. More than 1 billion Angry Birds games have been downloaded around the world. But somewhere between the arrival of Angry Birds toys and T-shirts and Angry Birds’ debit cards, the craze over the silly, …