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Warren Buffett, American Express Reaping Platinum Card Rewards

PYMNTS

“At the end of the day, we feel good about our performance because we have a very diversified business platform,” Chenault told FOX Business ’ Liz Claman at the annual Berkshire Hathaway shareholder meeting in Omaha, Nebraska, which was also attended by Warren Buffett, American Express’s largest shareholder.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

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First National Bank Of Omaha Shutters NRA Visa Card

PYMNTS

First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. First National Bank of Omaha offered two NRA cards with a $40 bonus and promoted it as “enough to reimburse your one-year NRA membership!”

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PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Debit card spending is down 12 percent for the same period. Gas spending was down 55.5

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CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices

PYMNTS

The CFPB will collect more than $32 million in fines from First National Bank of Omaha over credit card practices the regulator found to be deceptive. The bank has $18 billion in assets, is based in Omaha, NE, and is a unit of First National of Nebraska Inc. Credit card extras are a particular favorite target for the CFPB.

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CFPB highlights credit card complaints in fourth monthly complaint report

CFPB Monitor

The new report highlights credit card complaints and complaints from consumers in the Chicago, Illinois metro area. Complaints about prepaid cards showed the greatest percentage increase, increasing about 45 percent from the same time last year (July to September 2014 compared with July to September 2015). (In

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Payments Firm i2c Opens Op Center In Omaha

PYMNTS

Smart payments and integrated commerce firm i2c said Tuesday that it is opening an operations center in Omaha, Nebraska. That cloud-based system, i2c has said, supports virtually any card payment program in plastic, virtual or mobile form. That center will be operational during the second quarter of this year.

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