Home Depot Joins The Data Breach Party, Investigating Possible Hack

(Nicholas Eckhart)

Did you shop at Home Depot recently? Then you will probably want to keep an eye on your bank and/or credit card account. The retailer has confirmed it is investigating the possibility of a data breach that may have resulted in customers’ information being stolen. [More]

(Avitania Satari Bronstein)

Restaurant Realizes Maybe It Shouldn’t Force Servers To Pay Credit Card Fees Out Of Tips

Earlier this month we told you about the Minnesota restaurant owners who decided the best way to offset increases to the state’s minimum wage was to deduct credit card transaction fees from servers’ tips. While it’s legal for businesses to do this, a poll of Consumerist readers found that 91% of you think it’s not a wise idea. Looks like the restaurant owners have finally gotten that message. [More]

(Smiley Kailee)

Restaurants Can Deduct Credit Card Fees From Servers’ Tips, But Should They?

A few days ago, the minimum wage in Minnesota increased for the first time in years to $8/hour, putting it slightly above the federal minimum of $7.25. Some businesses are responding to the pay hike by tacking on “minimum wage” fees to customers or by taking credit card service charges out of servers’ tips. [More]

Credit Cards From Amazon, Office Depot, Staples, Best Buy, Toys R Us Have Highest APRs

(frankieleon)

It can be so tempting — You’re about to make a big purchase at a retail store when the cashier says you can save all sorts of money by applying for a store credit card. But what they rarely make clear to you is that the card you’re applying for often comes with a sky-high interest rate — and those rates are going higher. [More]

Study: Credit Card Applications Becoming More User Friendly, But Still Lack Valuable Informaton

Study: Credit Card Applications Becoming More User Friendly, But Still Lack Valuable Informaton

Credit card companies love to advertise all the perks of being a cardholder — rewards points, cash back, airline miles, etc. — but card issuers have historically hidden the not-as-good stuff in the fine print of card applications. A new study finds that banks are doing a better job of making things more transparent — but not about everything. [More]

P.F. Chang’s Security Breach Involved 33 Locations, Goes Back To As Early As October 2013

P.F. Chang’s Security Breach Involved 33 Locations, Goes Back To As Early As October 2013

Consumers’ worried their credit card information was compromised during a security breach at P.F. Chang’s China Bistro earlier this summer now have more details. Investigators have determined that the breach affected customers’ credit card information at 33 restaurants and began as early as October 2013. [More]

One example of a skimming device that's been ripped from an ATM. Diebold thinks that changing the orientation of a machine's card reader will help stop skimming. (photo: Aaron Poffenberger)

Can ATM Operators Beat Skimmers By Simply Rotating Card Readers 90 Degrees?

For decades, we’ve been sliding our credit and debit cards into ATMs with the shorter side of the card entering the reader. All this while, ID thieves have been improving their card-skimming devices to fit this well-established mold. The skimmers have gotten smaller, sleeker, and smarter, to the point where even a trained eye might be fooled. So what’s the best way to upend all those years of hard work by the bad guys? According to ATM biggie Diebold, it’s just as simple as turning the reader 90 degrees. [More]

(MaskedKoala on imgur)

Capital One Sends Customer A New Orange-Juiceless Keyboard So He Can Pay His Bill

We are living in a digital world, which means many things we used to do offline, like paying bills, are now handled online. But what’s a good customer to do when he can’t pay his credit card bill due to a keyboard infiltrated with orange juice? Speak up — and maybe get a free keyboard out of it. [More]

10 Answers To Credit Card Questions We Get Asked All The Time

frankieleon

Credit cards come with a lot of fine print. But the scene isn’t just complicated for cardholders; it’s complicated for the retailers that accept them, too. What needs signing, and what doesn’t? When can a store ask for ID? Are they allowed to charge different prices for cash and credit? [More]

(Ciaran McGuiggan)

Your New Credit Card Is Already Waiting Inside This Secret Facility

Sure, credit card issuers, including Target, aim to get us all using chip-and-PIN (EMV) credit and debit cards sometime next year. They will make our transactions more secure, and maybe we’ll be less likely to get our digits stolen in a catastrophic data breach. Here’s one question that you may not have thought to ask, though: where do these cards actually come from? [More]

GE Capital To Give Back $225 Million To Consumers For Bad Credit Card Practices

GE Capital To Give Back $225 Million To Consumers For Bad Credit Card Practices

One of the nation’s largest credit card companies, GE Capital (which changed its name to Synchrony Bank a couple weeks back) has agreed to the largest credit card discrimination settlement in U.S. history and will fork over a total of $225 million in relief to around 750,000 consumers for illegal and discriminatory credit card practices. [More]

P.F. Chang’s Credit Card Breach May Have Started In September 2013

P.F. Chang’s Credit Card Breach May Have Started In September 2013

Chain fusion bistro P.F. Chang’s confirmed last week that its payment system had been breached, and the company’s official statement is that they’re investigating when and how the breach started. Unofficially, we may have an answer to the first half of that question: the breach may have started in September of 2013. [More]

(Mark Crawley)

P.F. Chang’s Confirms Some Customer Credit Card Info Was Compromised In A Security Breach

Seems P.F. Chang’s is ready to pipe up, after banks reported earlier this week that the restaurant chain had possibly been hit by a breach that compromised customers’ credit card information. The company confirmed last night that while it’s not sure how many customers were affected, its data has been compromised. [More]

(Dave Dugdale)

Banks Report Possible Credit Card Breach At P.F. Chang’s

There’s a fresh new batch of stolen credit card numbers on the market! The same online store that offered numbers pilfered in recent national breaches, including the massive one at Target, has a fresh batch of thousands of numbers available. Banks report that what these cards have in common is that they were recently used at P.F. Chang’s restaurants. [More]

MasterCard Extends Zero-Liability Policy To ATM & PIN Transactions

MasterCard Extends Zero-Liability Policy To ATM & PIN Transactions

While both MasterCard and Visa have zero-liability policies for fraudulent transactions made by swiping a card or using the card number online or over the phone, that same level of protection has not been afforded to all cardholders for bogus ATM withdrawals or PIN-based purchases. However, MasterCard announced today that it is extending the zero-liability policy in the U.S. to include these two types of transactions. [More]

Proposed Bills Aim To Protect Students From Shady Deals Between Colleges, Banks

Proposed Bills Aim To Protect Students From Shady Deals Between Colleges, Banks

In recent years, the financial industry and higher education institutions have become increasingly comfortable bedfellows. From offering student IDs that act as debit cards to receiving payments for introducing credit cards to students, banks companies have crept their way onto college campuses. Now, a pair of bills introduced in the House and Senate aim to provide transparency over campus-sponsored financial products and put a stop to conflicts of interest and kickbacks between colleges and banks. [More]

Walmart Policy Requires Customers To Fork Over Their Credit Card’s 3-Digit Security Code

Walmart Policy Requires Customers To Fork Over Their Credit Card’s 3-Digit Security Code

In light of recent, high-profile data breaches, consumers are constantly on guard when it comes to their credit card information. So it might come as a surprise that the country’s largest retailer is asking customer to fork over the sacred three-digit security code on the back of cards in order to make purchases. [More]

Study Confirms That Most Of Us Carry Less Than $50 Cash

Study Confirms That Most Of Us Carry Less Than $50 Cash

Sometimes the effort needed to fumble inside my wallet for cash and change just seems too much of a burden. So I rarely use the tender and instead go straight for the debit card. And it appears I’m not alone in my preference for not carrying cash. [More]