Credit Cards News

| EU attacks credit card operators over feesBy Tobias Buck in Brussels Published: April 12 2006 19:16 | Last updated: April 12 2006 19:16Neelie Kroes, the European Union competition commissioner, on Wednesday threatened to take antitrust action against banks and payment card companies for exploiting consumers and small businesses, singling out Visa and MasterCard. // She said payment card operators were making “outrageous” profits and accused the industry of operating “a closed shop”. A Europe ...

This is Money12 April 2006 CREDIT card companies have been told to cut penalty fees by the European Union just a week after a similar order by the UK Office of Fair Trading. WANT TO KNOW MORE? DEAL FINDER: Credit cards OTHER STORIES LSE seeks talks over Nasdaq raid Split focus is the new vision for WH Smith Market report: Wednesday 14.30 Shares soar at slimline Laura Ashley Homeba ...

By Sabina Zawadzki BRUSSELS (Reuters) - European consumers and businesses are paying too much to use their credit cards such as Mastercard and Visa in a sector that is still national, the European Commission said in a report on Wednesday. Depending on where customers live, they could pay up to double in annual fees for a Mastercard or Visa card, with no apparent reason for this disparity. Likewise, the fees businesses pay to take each payment from customers also vary in the region so that in  ...

Michael Clarke, This is Money10 April 2006 CAPITAL One is relaunching its 15-month interest-free balance-transfer credit card in a move that will be welcomed by beleaguered rate tarts. CARD WARS: Capital One, which had pulled its long-term interest-free deals to most customers, is now offering 15 months WANT TO KNOW MORE? CREDIT CARDS: Best for balance transfers BLOG: The end of 0% cards? DEAL FINDER: Credit cards OTHER STORIES PayPal launches credit card Cruel tra ...

Michael Clarke, This is Money11 April 2006 PAYPAL, the online payments service, had made its first move into mainstream financial services with the launch of a credit card. WANT TO KNOW MORE? DEAL FINDER: Credit cards REVIEW: See how we view this card READER SERVICE: Check your credit CHAT: Our PayPal hell OTHER STORIES 15-month card is back Cruel trade of faking the dead New on t ...