The 28 Degree MasterCard Vs. Travel Rewards Cards
With the right balance between cost and convenience credit cards can make travelling a lot easier. Finding that balance, however, is usually no simple task as the majority of issuers charge extra fees for overseas card use. Not only do you have to consider the currency exchange rate, but also currency conversion fees, international transaction [...]
Law and Order in the Wild West: Parsing Prepaid Regulation and Recommendations
This has been a busy week for prepaid debit: the Senate Banking Subcommittee held a hearing on the prepaid market, and the Center for Financial Services Innovation released a model disclosure box aimed at promoting transparency. The Prepaid Card Consumer Protection Act, introduced by Senator Bob Menendez (D-NJ), winds its way through the Senate; the [...]
MasterCard and Visa Prepare to Take A Hit in Interchange Fee Lawsuit
There’s a battle brewing over interchange fees—a big legal battle. According to the Wall Street Journal, MasterCard Inc. recorded a $495 million charge in late February 2012 in anticipation of potential losses related to lawsuit brought by retailers in 2005. Why are the retailers so angry? They claim that big banks and card issuers like [...]
Mobile Payments Application For London 2012 Olympics
Samsung and Visa have recently unveiled the official mobile payments application of the London 2012 Olympic and Paralympic Games. Visa and Samsung, will first show off the mobile payment application at the Mobile World Congress, Barcelona from 27 February to 1 March. This cooperation will see the two main sponsors of the London 2012 games [...]
How are those New Year’s resolutions going?
Top ten resolutions The top ten resolutions for 2011 are listed below. Do you think they will change much for 2012? Lose weight Manage debt/save money Get a better job Spend more time with family Quit smoking Eat right/Get fit Get a better education Reduce stress Go greener Volunteer to help others These resolutions can [...]