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Credit Cards News


Concern over pensioner debt
11 Feb 2006 source: bbc.co.uk

Some credit card companies are setting pensioners' credit limits three times above the average even if they only make minimum repayments. This discovery by BBC Radio 4's Money Box programme comes soon after one debt advice agency revealed that, amongst its clients, debt is rising fastest for women over 60. When someone dies, credit card companies have the right to reclaim any debts from that person's estate. This has led Susan Kramer MP to question whether card companies are considering  ...


Third of card holders hit with fines
11 Feb 2006 source: thisismoney.co.uk

Michael Clarke, This is Money9 February 2006 NEARLY a third of credit card customers have been hit with a late payment charge, raking in millions of pounds for issuers. WANT TO KNOW MORE? DEAL FINDER: Compare credit cards READER SERVICE: Check your credit CHAT: Talk about card fines BLOG: 'What's going on at HSBC?' POLL: Would you pay to use your credit card? OTHER STORIES Ten steps  ...


NCipher agrees takeover by U.S. firm SafeNet
8 Feb 2006 source: today.reuters.co.uk

LONDON (Reuters) - U.S. information security firm SafeNet said on Wednesday it was to buy credit card and data security firm nCipher for an agreed 86 million pounds. SafeNet said the offer amounted to 300 pence in cash for each nCipher (NCH.L: Quote, Profile, Research) share. "SafeNet considers the potential acquisition of nCipher to be an attractive opportunity ... we greatly admire nCipher and the work that it has done in encryption technology," the firm said in a statement. Shares in Camb ...


Barclaycard's penalty on the prudent
8 Feb 2006 source: thisismoney.co.uk

Sean Poulter, Daily Mail8 February 2006 BRITAIN's biggest credit card is penalising thousands of prudent customers who pay their balance in full each month. Barclaycard is cutting the period in which customers are allowed to clear their debt by up to six days. OTHER STORIES The £1m homes bonanza Weak economy could keep UK rates low Market Report: Weds 9.15am Apple takes a bite ou ...

 

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