Credit Cards News

MasterCard names head of foundation
5 Apr 2007 source: iii.co.uk

NEW YORK (AP) - MasterCard Inc. said Thursday it named Lois Juliber, a retired Colgate-Palmolive Co. executive, to serve as chairman of the new MasterCard Foundation. The charitable foundation, headquartered in Toronto, was created when the MasterCard association sold shares in an initial public offering of stock in May 2006. It will focus on microfinance programs and improving educational opport ...

CompuCredit buys credit card portfolio
4 Apr 2007 source: iii.co.uk

ATLANTA (AP) - Financial services company CompuCredit Corp. said Wednesday it bought a group of IOUs, with a face amount of nearly $1 billion, from a credit card unit of Barclays Bank PLC in its first such non-U.S. acquisition. CompuCredit said it paid about $770 million for the $970 million face amount of Monument credit card receivables from Barclaycard. Much of the purchase price was funded th ...

DTI to crackdown on card firms
4 Apr 2007 source: thisismoney.co.uk

James Coney, Daily Mail4 April 2007 The Government is set to crackdown on banks that disguise how they charge interest on credit card debts. WANT TO KNOW MORE? REPORT: Credit cards reported to OFT SWITCH: Find a better card deal TABLES: The best credit card rates EXPERTS: Why's my plastic so expensive? POLL: How do you manage your credit cards? OTHER STORIES Could you lend money t ...

Card deals lose their shine
2 Apr 2007 source: thisismoney.co.uk

Michael Clarke, This is Money2 April 2007 A raft of attractive credit card offers have been withdrawn from the market as lenders tighten their belts. WANT TO KNOW MORE? TABLES: Best life of balance deals TABLES: Best balance transfer deals TABLES: Best introductory rate deals CREDIT CARDS: Apply today POLL: How do you manage your credit cards? OTHER STORIES Could you lend money to ...

US credit card firm falls to KKR
2 Apr 2007 source: bbc.co.uk

First Data Corp, one of the world's largest credit card payment processors, is the latest firm on private equity companies' shopping list. Kohlberg Kravis Roberts (KKR) will pay $34 (£17.20) in cash for each share of First Data stock, a 26% premium over its share price close on Friday. If successful, the deal, worth about $29bn, will be the second biggest buy-out by private equity. The $45bn paid for US utility TXU in February holds the record so far. Agreed First Data's board of dire ...



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