Search Results for 'Card'

Bank of America scaling back debit card fees

Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday. The second largest [...]

Posted On : Oct, 29 2011 | Comments : 0

US banks lose Senate vote on capping card fees

The legislation - part of a larger financial oversight law - will allow the Federal Reserve to cap the fees. Banks currently charge an average 44 cents per transaction, but the Fed has proposed slashing this to 12 cents. Banks had hope [...]

Posted On : Jun, 09 2011 | Comments : 0

Banks cancels thousands of credit cards fearing fraud

The Commonwealth Bank, Westpac, St George, and National Australia Bank have all either blocked or cancelled credit cards following the breach. In a statement this morning, the Commonwealth Bank said it had used SMS, email an [...]

Posted On : May, 27 2011 | Comments : 0

Federal Reserve Must Face Bank Suit Over Credit Card Fee Rul...

Federal Reserve Chairman Ben S. Bernanke lost a bid to end a bank lawsuit challenging the legality of forthcoming rules limiting the amount of money the largest U.S. banks can collect for debit card transactions. U.S. District Judge [...]

Posted On : Apr, 05 2011 | Comments : 0

Air India board beefed up, strategic investor on cards

The government has beefed up the board of badly struggling, state-owned carrier, Air India, with the induction of four independent directors with impressive records in their respective fields and is reportedly mulling inviting a strategi [...]

Posted On : Mar, 06 2010 | Comments : 0

Banks ask employers to recover dues from credit card holders

In their constant pursuit of recovering dues from credit card customers, banks are empowering themselves with a tool that allows them to ask employers to deduct the outstanding amount from the salary. Employees who may have defaulted on pa [...]

Posted On : Jul, 27 2009 | Comments : 0

Tempting teens with plastic: O2's new Load & Go pre-pay Visa...

Last year Lloyds TSB sparked outrage after Guardian Money revealed it had issued Visa debit cards to children as young as 11, without first contacting parents. One father discovered his 15-year-old son was buying Viagra, fake ID and cigaret [...]

Posted On : Jul, 18 2009 | Comments : 0

United Airlines passing credit card fees to some travel agen...

Three members of Congress representing South Florida have asked United Airlines to reverse a decision to force travel agents to the pay credit card fees when their customers buy tickets with plastic. In a letter dated Wednesday, Lincoln Di [...]

Posted On : Jul, 17 2009 | Comments : 0

China banks told to go easy in pushing credit cards

Don't issue credit cards to teenagers with no income and don't charge customers for cards they haven't activated. China's banking watchdog ordered banks on Thursday to rein in their credit card marketing amid concern over a rise in la [...]

Posted On : Jul, 16 2009 | Comments : 0

US Bank-Card Charge-Offs Reach 10% In May - S&P Report

Standard & Poor's said U.S. bank-card charge-offs reached a record 10% in May as unemployment continued to rise, according to its U.S. Credit Card Quality Index. As of May, the index tracked about $414.8 billion bank-card receivables a [...]

Posted On : Jul, 08 2009 | Comments : 0

Cardinal Bank and the U.S. Small Business Administration Par...

Cardinal Bank (NASDAQ:CFNL), in partnership with the U.S. Small Business Administration’s Richmond District Office, is pleased to announce it has provided financing under the Patriot Express Loan Initiative to business customers, Rich [...]