Search Results for: Credit card
One in five people have been defrauded via their credit card in the last year in UK
November 23rd, 2018
One in five (22%) people have been defrauded via their credit card in the last year, according to a survey of 2,000 UK adults commissioned by comparethemarket.com. This equates to 11.4 million people nationwide, highlighting the rising levels of ...
Airlines to test consumer payments that bypass credit cards for direct sales
May 18th, 2018
Some airlines will test letting ticket buyers on their websites have an optional new way of paying that avoids the need for credit and debit cards. The world’s top airline lobbying group, the International Air Transport Association (IATA), has ...
New credit card rules introduced by the Financial Conduct Authority
February 28th, 2018
The Financial Conduct Authority (FCA) has published its final policy statement on new rules for the credit card market. The FCA estimates the changes will save consumers between £310 million and £1.3 billion a year in lower interest charges. ...
Citibank refunds $3.3 million to credit card customers
November 9th, 2017
Citibank will refund more than $3.3 million to around 39,500 current and former customers for failing to refund customers when credit card accounts were closed with an outstanding credit balance. Citibank will provide refunds for Citibank, Virgin Money, Bank ...
Citibank refunds $5 million in credit card international transaction fees
March 31st, 2017
Citigroup Pty Limited (Citibank) has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process ...
Lloyds Banking Group paying £1.9bn for MBNA credit card business
December 20th, 2016
Lloyds Banking Group has beaten other bidders to buy MBNA, one of the UK’s biggest credit card issuers, for £1.9bn. The sale, by Bank of America, had attracted interest from the likes of Santander UK and HSBC but the ...
UnionPay International and Bank of China jointly issued the first Travel Europe Themed UnionPay credit card
November 21st, 2016
On November 21, UnionPay International and Bank of China (BOC) jointly announced their joint issuance of the first Europe version of the Travel Mate. China UnionPay credit card. This is the first Travel Europe themed UnionPay credit card issued ...
Iran to introduce credit cards for the first time
September 26th, 2016
The Central Bank of Iran allowed the country’s financial institutions to issue credit cards for the first time in Iran’s history, however the cards are unlikely to be issued soon, local ISNA news agency reported, citing the Central Bank ...
Westpac refunds $20 million in credit card foreign transaction fees
September 8th, 2016
Westpac Banking Corporation (Westpac) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. Following a customer complaint, Westpac notified ASIC that customers may have been ...
Arrests in Europe and Asia for a Credit Card fraud spread into 14 European countries
July 11th, 2016
A total of 105 suspects have been arrested as the result of a complex investigation run simultaneously in Europe and Asia with the support of Europol’s European Cybercrime Centre (EC3). During the operation led against an organised criminal group ...
