Credit cards

Credit cards are becoming truly popular in today 's society; therefore, the avenue for criminals to take advantage is great and more criminals are creating ingenious ways to take a part of this industry. Criminals are awaiting to find a small window to interact and send attacks to business organizations such as retail stores that store consumers ' data into a secure database. Attacks will continue to affect society and organizations are losing billions of dollars trough these types of attacks.…

today have a credit card. People think credit cards is way of having what they want now. Credit cards can cause problems in the life of a person. Being irresponsible, credit score, and stress are three reasons why a person does not need to own a credit card. A problem many people have with credit cards is exceeding the credit card limit. When a person exceeds the limit on a card, the person will be charged fees. The credit card can be rejected at a store, if a person exceeds the card limit…

preference between a debit card and a credit card? Some people may like the debit card better, and some people may prefer the credit card; I prefer the debit card. It is not because one is better than another; instead, it is because these two types of cards have their own specific characteristics, and the debit card’s characteristics fit me better. Thus, comparing these two cards’ features, people will choose one over another and find their best fit according to the two cards’ differences,…

One of the many advantages credit cards have is protection, especially against fraud. Fraud happens when a person least expect it and catches them off guard. Credit card companies protect themselves by often asking cardholders to identify themselves. Arno A. Penzias states that Cardholders must verify purchases, and present some form of verification, therefore, the card knows that the correct cardholder has bought that item. This shows that there are security measures and steps the buyer goes…

TIP 25 Cut the Cards! “If you don’t want to buy it with your own money, you don’t need it.” ~Unknown By now you’ve figured out that one of the major themes woven throughout this book is getting out of debt—I write about it quite a bit even in the sections not dealing directly with money. Debt is one of the biggest problems facing modern families—a true American crisis—and yet so many people don’t seem to feel any urgency to do anything about it. Dare to be different and do something others…

The day I received my first credit card was a glorious day. Everything that I’ve wanted to buy in the past six months became a possibility, nothing could stop my 18-year-old self from jumping off that couch and sprinting down the street to the nearest boutique to buy a pair of shoes. Other than having to pay it back in smaller portions, I was persuaded that there were no costs, up until 60 days later when I received my first credit card invoice, that all changed. I had recently gone to a bank…

Have you ever wondered how a credit card transaction works? What is the process flow after swiping the small credit card through that little black box? These questions bothered me for some time and finding the answers lead to a diligent job search. Consequently, the search ended when I found employment at Vantiv, a Merchant Credit Card processing company in Houston, Texas. The year was 1998; the company offered me a customer service position in their call center. Eagerly I accepted the job;…

Understanding the LL Bean Credit Card In the United States, the top five spends for credit cards are clothing, gas, dining out, travel, and groceries. Credit cardholders are using credit cards like cash, which is why 33% of American households have credit cards. These days credit card companies are teaming up with retail outlets to marketing their credit cards better. LL Bean, a privately-held, American mail-order and retail company partnered with Visa to offer a credit card that can be used…

the inaccuracy is credit card fraud from multiple people. The person’s identity had been stolen, which caused this misuse of information. They became aware of the situation when the person received several phone calls from credit card companies threating her to pay her dues. She went to a lawyer to explain her situation and help her resolved her issue. An identity theft claim was established to correct the misinformation and to cancel any usage or approval of future credit cards. When the claim…

Simple Steps to Help Reduce Credit Card Debt The U.S. has a cumulative revolving debt of more than $850 billion, according to the Federal Reserve. A whopping 98% of that figure is comprised of credit card debt -- with 54 million households in arrears for an average balance of $15,788.1 If you are contributing to staggering sum of outstanding credit card debt in America, you need to start digging your way out, and the sooner the better. Debt can stand between you and your financial goals, such as…