Credit Cards News

Reuters12 October 2006 Visa, the world's largest credit card payment system, has revealed plans to float on the US stock market to fund its expansion and prepare for legal costs that could total billions of dollars. WANT TO KNOW MORE? Visa card fees break the law Charity card best buys Credit card firms hike rates Mastercard charges are a 'tax' OTHER STORIES Magners sales rocket by 264% Market report: Thursday latest Autonomy in £1bn rebound Tale of two  ...

Visa, the world's largest credit card payment system, is to follow the example set by rival Mastercard and sell shares in a public offering. It said the move would help fund its expansion, boost efficiency and pay the legal costs it faced in some markets. Since debuting on the New York Stock Exchange in May, Mastercard's shares have risen by nearly 84%. Visa employs 6,000 people around the world and is funded by the 21,000 firms that issue its cards and products. Legal action Under a restr ...

This is Money12 October 2006 Booming credit means that we have been putting more on our plastic than ever before, according to figures released today. WANT TO KNOW MORE? DEAL FINDER: Credit card TIPS: Our card best buys OTHER STORIES Massive hacker attack on Britain Market report: Wednesday close Carphone buys AOL for £370m Jamie's top tips boost Sainsbury's 'High noon' f ...

WASHINGTON (AFX) - Late fees for credit card payments have jumped, but card issuers have done a poor job of explaining their policies on fees and penalties to consumers, a new study by congressional investigators has found. The report released Wednesday by the Government Accountability Office, Congress' investigative arm, describes the fees, interest rates and disclosure practices of 28 popul ...

WASHINGTON (AFX) - Late fees for credit card payments have jumped, but card issuers have done a poor job of explaining their policies on fees and penalties to consumers, a new study by congressional investigators has found. The report released Wednesday by the Government Accountability Office, Congress' investigative arm, describes the fees, interest rates and disclosure practices of 28 popular c ...

Justin Davenport and Mark Prigg, Evening Standard11 October 2006 Scotland Yard today issued an urgent warning that Britain was under a mass attack by hackers. RED ALERT: Thousands of computers are at risk, say police WANT TO KNOW MORE? ADVICE: Protect your identity online TOOLS: ID fraud protection centre OTHER STORIES Carphone buys AOL for £370m Market report: Wednesday close Jamie's top tips boost Sainsbury's 'High noon' for BA pension talks TV quiz phone ...

The use of credit cards hit a plateau in 2005, the Association of Payment Clearing Services (Apacs) says. Spending on credit cards climbed just 1% to £124bn, while the number of transactions dropped by 1% to 2.1 billion, Apacs said in a report. The number of card holders who repaid their borrowing in full each month rose from 56% to 59%, and 95.3% of all spending in 2005 was repaid. Apacs says credit card use has become even more cautious this year. It points to recent figures from the  ...