Sen. Daniel Akaka (D-Hawaii) recently introduced the Credit Card Minimum Payment Warning Act. It’s the third time he’s proposed the act, but with the federal government paying lots of attention to the credit card industry, perahaps he’ll succeed this time.
In a Senate floor statement made on April 20, the senator said his legislation would
“make it […]

Finally we get word on something that many have been waiting for, Verisign the leading provider of digital-security services wants to make disposable passwords easier for consumers to accept by squeezing the technology into the corner of a regular credit or ATM card.
The company is expected to announce a deal with Innovative Card Technologies to equip […]

Payment cards that enable you to “wave to pay” instead of “swipe to pay” are spreading like wildfire in the USA. This week VISA announced that its contactless payment feature will henceforth be known as “Visa payWave” and Discover is ready to announced the roll-out of its “ZIP” contactless payment solution. They will join “MasterCard […]

Although credit cards get a lot of bad press when it comes to personal finances, they do offer a number of positives that, for the right people, make them an excellent financial tool.
The assumption, of course, is that you pay off your credit card balance every month. If you fail to pay off the credit […]

Finally, a credit card for those for whom commonplace cash-back rewards and travel miles just don’t cut the mustard (Grey Poupon, of course.)
This summer, Sotheby’s will launch two credit cards that, among their many classy perks, allow users to convert their accumulated reward points into donations to participating art museums. But the benefits don’t stop […]

Bank of America Corp. will team with China Construction Bank Corp. to market credit cards in China.
Initially, China Construction will create a stand-alone credit-card division and form an advisory committee to develop the unit’s business structure. Later, the banks will convert the division into a Chinese-foreign credit-card joint venture that is registered in China.
BofA will […]

There’s a trend afoot in the credit card world to make cards more visually appealing. I would normally scoff at such a notion, but I must confess that ever since I’ve been using my American Express Blue credit card, I keep getting oohs and aahs and favorable comments from cashiers and bystanders who seem to […]