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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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CFPB highlights bank account or service complaints in fifth monthly complaint report

CFPB Monitor

The new report highlights bank account or service complaints and complaints from consumers in Connecticut and the Hartford metro area. General findings include the following: As of November 1, 2015, the CFPB handled approximately 749,000 complaints nationally, including approximately 23,300 complaints in October 2015.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

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Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

The CFPB said that, from 2010 to 2014, Santander was marketing and enrolling consumers in its “Account Protector” service designed to protect customers from overdrawing on their accounts at ATMS and on one-time debit card transactions. Customers were charged $35 per overdraft.

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The Perfect Credit Score: Understanding the 850 FICO Score

FICO

This slight uptick is not surprising as we have been seeing the average FICO® Score on the national population increasing as time since the “great recession” ages. . According to Becker’s Hospital review , Hawaii, Connecticut, New Hampshire and Minnesota are in the top 10 states in terms of overall health rankings. of the U.S.

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The 850 FICO Score

FICO

This slight uptick is not surprising as we have been seeing the average FICO® Score on the national population increasing as time since the “great recession” ages. According to Becker’s Hospital review , Hawaii, Connecticut, New Hampshire and Minnesota are in the top 10 states in terms of overall health rankings. of the U.S.