The payday loan is not, as GOP presidential candidate Ben Carson recently wrote, a "short-term loan secured by their next paycheck with an interest rate around 15 percent." Payday loans, which few borrowers pay off the following week, actually end up with interest rates above 300 percent.
Fraudulent transactions made with a credit card will be the responsibility of the merchant if they haven't upgraded their systems to accept chip-enabled cards. Currently, it's the responsibility of the card issuer (subject to the card's terms and conditions).
You'd never know it in your daily life, but October 1 marks a milestone in improving the security of your credit and debit cards. Behind the scenes, a major shift is taking place that will improve the incentives of retailers and financial institutions to protect customer data.
The most common kind of identity theft is fraud involving government benefits or documents, such as Social Security cards, passports and driver's licenses. Other types of fraud involve credit cards, phone or utility accounts, banks and employment.
Beginning October 1, 2015, businesses that are not able to accept EMV (Europay®, MasterCard® and Visa®) chip cards will be liable for a...
By Jamie Lowe for WhereTraveler We sat down with airline rewards program experts to dig deep and find the tricks of the trade concerning airline re...
Now I'm electronically prompted to tip at the local ice cream shop's takeout window and the movie theater concession stand. Even a dry cleaner once got in on the act.
If you have a debit or credit card, you've likely noticed that you've recently received a new version of the card that includes a chip. As such, you're probably wondering what this chip is and why your cards need it.
As September ends, and we get closer to fall, the color of leaves is not the only thing that is about to change. Fall brings about its own set of expenses, and choosing the best rewards credit card for the season can end up saving consumers money. Here we'll lay out a few common purchases people make in autumn, and some tips for how responsible credit card usage can help stretch budgets more.
One of the biggest concerns beyond security for users of technologies like Android Pay is whether relying on it completely to make all of your purchases is a wise idea.
Debt consolidation has been a hot topic in the past few years. Since the financial meltdown in 2008, banks have tightened up on their risk models and it was near impossible to get a personal loan from a bank.
Unfortunately for many business owners, many of them will only be reading and hearing about the importance of EMV in the coming months, as the story gains national coverage - with 20 days to go before the liability shift occurs, many will be left wishing they were better informed, at a much earlier time.
There are plenty of reasons to get your credit into the best shape possible. New car models are hitting showrooms, real estate may become more expensive (many believe the Federal Reserve will raise the prime lending rate), and (like it or not) the holiday shopping season is almost upon us.
Traveling to Cuba comes with some unique challenges, but as I prepare to board a plane to Havana, I couldn't be more excited to explore this time-cap...
I realize how vulnerable we are nowadays, since we're supported by data and electronic gates and barriers. My USB key contained non encrypted backup of my computer's hard disk. I am exposed totally, these thieves, if they bother to look, can know everything about me.
Each time shoppers swipe a rewards credit card at the register, they're earning points or ...