The checking account from Green Dot Bank doesn’t charge overdraft fees, minimum balance fees or monthly fees with qualifying direct deposits. A monthly fee of $8.95 is waived if a direct deposit of $500 is made each month.
The malware is believed to have been present between April and September 2014. Home Depot said its investigation began Sept. 2, after the company received reports from its banking partners and law enforcement.
It’s also been rumored that “iWallet” will use near-field communication (NFC) technology in conjunction with the fingerprint security system that launched on last year’s iPhone 5S.
A data breach affecting a chain of nearly 1,000 grocery or food stores around the U.S. is the latest attack on credit card security and a fresh reminder of how vulnerable consumers still are.
The MoneyGram AccountNow Visa Prepaid Card carried 18 fees that a consumer could encounter, compared with the American Express Bluebird card with only 2 fees, CardHub found.
There is an obvious paradox in MasterCard accepting bitcoin through a new “Payment Interchange for Use With Global Shopping Cart”, as the patent is entitled. Bitcoin is the anti-credit card. Bitcoin payments or transfers are mostly anonymous and irrevocable.
All MasterCard credit, debit, prepaid and small business cards issued in the U.S. will now carry “Identity Theft Resolution” assistance, the payments processor said.
Facebook is reportedly near regulatory approval in Ireland for a service that would allow the social network’s users to store money via Facebook and use it to pay and exchange money with others.
Replacing swipe-and-sign credit card transactions is important for enhanced security. In its place will be the “chip and PIN” process already in use throughout Europe and other parts of the world. Chip technology generates a unique code for every transaction.
Here is one more problem created by the massive Target security breach affecting at least 70 million consumers: a backlog of orders at the companies that make the replacement cards. However, fraudsters who are taking advantage of the Target breach have no problem counterfeiting stolen cards quickly.