Connect to share and comment

Lawsuit: Pa. McDonald's workers pay high fees to access wages from payroll debit card

The Canadian PressJune 18, 2013 18:31
PHILADELPHIA - Would you like fees with that? A Pennsylvania woman wants just the beef, not the fees she says she'll be charged to get her McDonald's wages from a debit card. Single mom Natalie Gunshannon has filed suit over bank fees that allegedly include $1.00 to check her balance, $1.50 to withdraw cash and $15 to replace a lost card. The 27-year-old Gunshannon, who lives near Wilkes-Barre, says the JPMorgan Chase payroll card was her only payment option.

Credit card spending growth slows in May

Yonhap News AgencyJune 17, 2013 17:32
By Kang Yoon-seung SEOUL, June 18 (Yonhap) -- South Korea's credit card spending grew at a slower pace in May than in the previous month as card holders held back their purchasing amid the economic slowdown, a trade association said Tuesday. Purchases made with plastic cards totaled 46.6 trillion won (US$41.3 billion) last month, up 3.6 percent from 45 trillion won tallied a year earlier, according to the data compiled by the Credit Finance Association (CREFIA).

S. Koreans top users of credit cards worldwide

Yonhap News AgencyJune 9, 2013 22:32
SEOUL, June 10 (Yonhap) -- South Koreans became the world's top users of credit cards in 2011, data showed Monday, in line with the government's effort to promote purchases with plastics to bolster domestic consumption. According to the data compiled by the Bank of Korea, South Korea's per-capita credit card transactions came to 129.7 cases in 2011, up 12.8 percent from 114.9 cases tallied a year earlier.

Exclusive: Bain, Advent cancel sale of WorldPay's U.S. unit

May 31, 2013 11:45
By Greg Roumeliotis NEW YORK (Reuters) - WorldPay's private equity owners, Bain Capital LLC and Advent International Corp, have canceled the auction of the payment processing firm's U.S. unit, WorldPay told Reuters on Friday. No potential buyer was willing to meet Bain's and Advent's price expectations of $800 million to $1 billion, sources familiar with the matter said.

Liberty Reserve's website cited anti-money laundering policy

May 28, 2013 21:00
By Matthew Goldstein NEW YORK (Reuters) - Older versions of the website for Liberty Reserve, a company U.S. authorities claim was a money transfer hub for criminal gangs trafficking in drugs and child pornography, expressly said the firm "will not do business with anyone suspected of, or directly involved in money laundering." U.S. prosecutors in an indictment unsealed on Tuesday said that is precisely what the Costa Rican-based Liberty Reserve was doing.

Feds in NY charge 7 in $6B digital currency money-laundering case; Costa Rica, Spain arrests

The Canadian PressMay 28, 2013 13:17
NEW YORK, N.Y. - The founder of an online currency transfer business was indicted in the United States along with six other people in a $6 billion money-laundering scheme described as "staggering" in its scope, authorities said Tuesday. Arthur Budovsky is the founder of Liberty Reserve, a Costa Rica-based website long favoured by cybercrime scammers. He was arrested in Spain on Friday. A defendant identified as Budovsky's partner, Vladimir Kats, was in custody in New York.

Huge US fraud probe targets digital currency

Agence France-PresseMay 28, 2013 13:46
The United States on Tuesday unveiled what it called the world's "largest" money laundering probe against the digital currency operator Liberty Reserve. The Costa Rica-based entity, which handled huge amounts of money outside the control of national governments, is charged with running a "$6 billion money laundering scheme and operating an unlicensed money transmitting business," the US Attorney's office for New York said.

U.S. shuts digital money system it suspects of cyber-criminal links

May 28, 2013 13:34
By Emily Flitter and Brett Wolf NEW YORK/ST LOUIS (Reuters) - U.S. authorities revealed on Tuesday they have shut down a Costa Rica-based money transfer company that they said provided a digital currency system widely used around the world by cyber-criminals. In a statement, officials said authorities in Spain, Costa Rica and New York arrested five people on Friday and seized bank accounts and Internet domains associated with the company, Liberty Reserve.

US targets digital currency in huge fraud probe

Agence France-PresseMay 28, 2013 10:02
The United States on Tuesday unveiled what it said was the world's "largest" money laundering probe against the digital currency operator Liberty Reserve. The Costa Rica-based entity, which operates a hugely popular online currency system outside of the control of national governments, is charged with running a "$6 billion money laundering scheme and operating an unlicensed money transmitting business," the US Attorney's office for New York said.

'I did not know,' Harper says about chief of staff's $90K payment to Duffy

The Canadian PressMay 22, 2013 14:48
LIMA, Peru - Prime Minister Stephen Harper insisted Thursday that he did not know about — nor was asked to sign off on — the arrangement that saw his chief of staff cut a personal cheque for $90,000 to Sen. Mike Duffy. Harper, currently on a trade mission in South America, took questions on the Senate expenses scandal for the first time since news emerged about the controversial cheque written by his former right-hand man. I did not know ... (and) I was not consulted," Harper said, the Peruvian president standing at his side.
Syndicate content