credit cards

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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Kmart says it has removed malware that had infected its checkout registers in stores. The company believes the malware may have been in place for about a month before it was detected.

Economy

Kmart Says Its Store Registers Were Hacked, Exposing Credit Cards

2:09pm October 11, 2014

by Bill Chappell

The Sears-owned company says it removed the malware after it was discovered Thursday. It announced the exposure late Friday, saying no personal data or PIN numbers were lost.

Apple CEO Tim Cook speaks in Cupertino, Calif., on Tuesday. The company unveiled a new mobile payment system called Apple Pay, which uses security built into the latest iPhones.

Economy

Apple Takes A Swipe At The Credit Card

10:40am September 16, 2014

by Tim Fitzsimons

Apple wants to change the way you pay for things. Credit card companies are embracing its new mobile payment system as a boost to security, but analysts say Apple could disrupt the payments industry.