Credit card http://www.globalpost.com/taxonomy/term/39294/all en Hackers post 'private data' of Michelle Obama, FBI head http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head-3 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US authorities were investigating Tuesday after hackers posted personal financial data belonging to First Lady Michelle Obama, the head of the FBI and several A-list celebrities online.</p> <p>Hackers using a Russian web address published the credit reports and social security numbers for Obama, Federal Bureau of Investigation Director Robert Mueller, US Attorney General Eric Holder, and Los Angeles Police Chief Charles Beck.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head-3" target="_blank">read more</a></p> Credit Credit card Financial economics Human Interest Law Social Issues Technology AFP Wed, 13 Mar 2013 00:16:30 +0000 Agence France-Presse 5781820 at http://www.globalpost.com Turks spend $3.07 bln online in first two months http://www.globalpost.com/dispatch/news/asianet/130406/turks-spend-307-bln-online-first-two-months <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> The amount of money spent on online shopping in January and February increased by 19.5 percent year-on-year to reach TL 5.56 billion ($3.07 billion), the latest data reveal.</p><P>Turkey's Interbank Card Center (BKM) said on Monday that the number of single credit card payments for online shopping in the first two months was 27.4 million, a 10.2 percent rise over the same period a year ago. The data show an average of TL 94.3 million was spent on online shopping per day in the given period.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130406/turks-spend-307-bln-online-first-two-months" target="_blank">read more</a></p> Credit card Electronic commerce Online shopping USD Asianet Sat, 06 Apr 2013 11:53:33 +0000 Asianet 5803679 at http://www.globalpost.com Chip specialist Gemalto posts 7.0% rise in Q1 sales http://www.globalpost.com/dispatch/news/afp/130425/chip-specialist-gemalto-posts-70-rise-q1-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Gemalto, the world's leading maker of computer chip-embedded cards widely used by credit companies and for a host of other applications, posted on Thursday a seven percent rise in first quarter sales owing for the most part to stronger demand from Asia.</p> <p>Sales rose to 518 million euros ($674 million) in the three months from January through March, and the increase would have been nine percent at constant exchange rates, the company said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130425/chip-specialist-gemalto-posts-70-rise-q1-sales" target="_blank">read more</a></p> Credit card Gemalto Gemalto Smart cards Technology AFP Thu, 25 Apr 2013 10:46:21 +0000 Agence France-Presse 5824927 at http://www.globalpost.com Some IRS employees misuse travel credit cards : U.S. watchdog http://www.globalpost.com/dispatch/news/thomson-reuters/130529/some-irs-employees-misuse-travel-credit-cards-us-watchdog <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON (Reuters) - The Internal Revenue Service must be tougher on employees who abuse government-paid travel cards, a watchdog said on Wednesday, the latest bad news for an agency reeling from a scandal over its scrutiny of Tea Party groups.</p> <p>The U.S. Treasury Inspector General for Tax Administration said that although delinquency rates are low, the tax agency should beef up the penalties against IRS workers who misuse individually billed travel cards.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130529/some-irs-employees-misuse-travel-credit-cards-us-watchdog" target="_blank">read more</a></p> Business Credit card Internal Revenue Service Internal Revenue Service Labor Law Taxation in the United States Thomson Reuters Wed, 29 May 2013 19:17:30 +0000 Thomson Reuters 5848208 at http://www.globalpost.com S. Koreans' overseas card spending falls in Q1 http://www.globalpost.com/dispatch/news/yonhap-news-agency/130530/s-koreans-overseas-card-spending-falls-q1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, May 31 (Yonhap) -- South Koreans' overseas credit card spending declined in the first quarter from a record high tallied in the previous quarter as the sheer volume of spending per person fell, the central bank said Friday.</p> <p>Overseas credit card bills totaled US$2.48 billion in the January-March period, down 1.2 percent from three months earlier, according to the Bank of Korea (BOK).</p> <p>In the fourth quarter of last year, overseas card spending amounted to a record $2.52 billion, it added.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130530/s-koreans-overseas-card-spending-falls-q1" target="_blank">read more</a></p> Business Credit card Mass media Yonhap Yonhap News Agency Thu, 30 May 2013 21:30:29 +0000 Yonhap News Agency 5849078 at http://www.globalpost.com Revised capital rule dent installment purchases in Q1 http://www.globalpost.com/dispatch/news/yonhap-news-agency/130605/revised-capital-rule-dent-installment-purchases-q1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, June 5 (Yonhap) -- Credit card installment purchases fell to a 10-quarter low in the first quarter as a revised financial rule and the economic slump dampened consumers' sentiment, data showed Wednesday.</p> <p>According to the data compiled by the Bank of Korea, the country's credit card installment buying came to 20.2 trillion won (US$18.1 billion) in the January-March period, down 17.1 percent from three months earlier.</p> <p>In contrast, the amount of single payment purchases edged down 1.9 percent over the cited period to reach 68.9 trillion won in the first quarter.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130605/revised-capital-rule-dent-installment-purchases-q1" target="_blank">read more</a></p> Business Credit card Debt Yonhap Yonhap News Agency Wed, 05 Jun 2013 19:11:31 +0000 Yonhap News Agency 5851534 at http://www.globalpost.com S. Koreans top users of credit cards worldwide http://www.globalpost.com/dispatch/news/yonhap-news-agency/130609/s-koreans-top-users-credit-cards-worldwide <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130609/s-koreans-top-users-credit-cards-worldwide" target="_blank">read more</a></p> Credit card Money Payment systems Yonhap News Agency Mon, 10 Jun 2013 02:32:04 +0000 Yonhap News Agency 5853926 at http://www.globalpost.com Watchdog: IRS credit cards used to buy wine for luncheon, romance novels for employee http://www.globalpost.com/dispatch/news/the-canadian-press/130625/watchdog-irs-credit-cards-used-buy-wine-luncheon-romance-nov <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - Poor oversight by the Internal Revenue Service allowed workers to use agency credit cards to buy wine for an expensive luncheon, dorky swag for managers' meetings and, for one employee, romance novels and diet pills, an agency watchdog said Tuesday.</p> <p>Two IRS credit cards were used to buy online pornography, though the employees said the cards were stolen. One of the workers reported five agency credit cards lost or stolen.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130625/watchdog-irs-credit-cards-used-buy-wine-luncheon-romance-nov" target="_blank">read more</a></p> Business Credit card Internal Revenue Service Internal Revenue Service Labor Law Taxation in the United States The Canadian Press Tue, 25 Jun 2013 22:36:42 +0000 The Canadian Press 5867489 at http://www.globalpost.com Consumer credit rises by most in a year http://www.globalpost.com/dispatch/news/thomson-reuters/130708/consumer-credit-rises-most-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON (Reuters) - Consumer credit increased in May by the most in a year, a sign low borrowing costs were boosting economic growth although interest rates have since risen.</p> <p>Total consumer installment credit advanced by $19.6 billion to $2.8 trillion, Federal Reserve data showed on Monday. Economists polled by Reuters had expected consumer credit to rise $12.5 billion during the month.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130708/consumer-credit-rises-most-year" target="_blank">read more</a></p> Credit card Debt Economics Thomson Reuters Mon, 08 Jul 2013 20:02:03 +0000 Thomson Reuters 5878637 at http://www.globalpost.com U.S. consumer loan delinquencies continue to fall: ABA http://www.globalpost.com/dispatch/news/thomson-reuters/130709/us-consumer-loan-delinquencies-continue-fall-aba <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Paige Gance</p> <p>WASHINGTON (Reuters) - U.S. consumers continued to pay down debt in the first quarter of 2013 as household wealth rose above its pre-recession peak, the American Bankers Association said on Tuesday.</p> <p>A composite ratio, which tracks delinquency rates for eight loan categories, fell to 1.7 percent of all accounts from 1.99 percent the prior quarter, well below the 15-year average of 2.37 percent. Of the eight categories, only mobile home delinquencies rose.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130709/us-consumer-loan-delinquencies-continue-fall-aba" target="_blank">read more</a></p> Credit card Mortgage bank Mortgage industry of the United States Thomson Reuters Tue, 09 Jul 2013 05:02:33 +0000 Thomson Reuters 5878946 at http://www.globalpost.com Credit card fee reform in deadlock due to corporate backlash http://www.globalpost.com/dispatch/news/yonhap-news-agency/130710/credit-card-fee-reform-deadlock-due-corporate-backlash <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, July 10 (Yonhap) -- The revised credit card rule that requires card firms to cut fees for smaller merchants faces a quandary as large companies still oppose the changes, the financial regulator said Wednesday.</p> <p>Sixteen out of 282 big chain stores, or 5.6 percent, have refused to reach an agreement with major credit card companies here on the new regulations, according to the Financial Supervisory Service (FSS).</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130710/credit-card-fee-reform-deadlock-due-corporate-backlash" target="_blank">read more</a></p> Business Credit card Financial Supervisory Service Yonhap News Agency Wed, 10 Jul 2013 04:33:25 +0000 Yonhap News Agency 5879999 at http://www.globalpost.com Sharp drop in reserves to cover bad loans helps lift Capital One Financial's 2Q net income http://www.globalpost.com/dispatch/news/the-canadian-press/130719/sharp-drop-reserves-cover-bad-loans-helps-lift-capital-one-f <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>LOS ANGELES, Calif. - Capital One Financial Corp. said Thursday that its second-quarter profit vaulted versus the same period last year, when the lender set aside $1.7 billion to cover bad loans.</p> <p>The company benefited from higher revenue from its credit card and commercial banking businesses, and ended the April-June period with higher loan balances at its auto lending division. But retail banking and home loans declined.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130719/sharp-drop-reserves-cover-bad-loans-helps-lift-capital-one-f" target="_blank">read more</a></p> Capital One Credit card Loans The Canadian Press Fri, 19 Jul 2013 06:05:26 +0000 The Canadian Press 5887614 at http://www.globalpost.com Plastic card spending growth slows in June http://www.globalpost.com/dispatch/news/yonhap-news-agency/130722/plastic-card-spending-growth-slows-june <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Kang Yoon-seung</p> <p>SEOUL, July 23 (Yonhap) -- South Korea's plastic card spending maintained a stagnant growth in June as card holders continued to hold back their purchasing amid the economic slowdown, a trade association said Tuesday.</p> <p>Purchases made with plastic cards totaled 44.5 trillion won (US$39.7 billion) last month, up 4.1 percent from 42.7 trillion won tallied a year earlier, according to the data by the Credit Finance Association (CREFIA).</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130722/plastic-card-spending-growth-slows-june" target="_blank">read more</a></p> Business Credit card Debit card Payment systems Yonhap News Agency Mon, 22 Jul 2013 21:31:48 +0000 Yonhap News Agency 5890642 at http://www.globalpost.com Loan growth helps boost Discover Financial Services' 2Q net income by 13 per cent http://www.globalpost.com/dispatch/news/the-canadian-press/130723/loan-growth-helps-boost-discover-financial-services-2q-net-i <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>An increase in loans and interest income helped boost Discover Financial Services' net income by 13 per cent in the second quarter, trumping Wall Street expectations.</p> <p>The credit card issuer and lender said Tuesday that sales volume for its namesake credit card grew 4 per cent to $27.6 billion in the April-June period. Credit card loans rose 5 per cent to $49.8 billion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130723/loan-growth-helps-boost-discover-financial-services-2q-net-i" target="_blank">read more</a></p> Business Credit card Discover Card Discover Financial Labor Law The Canadian Press Tue, 23 Jul 2013 22:27:00 +0000 The Canadian Press 5891760 at http://www.globalpost.com No. of unused credit cards tops 23 mln: data http://www.globalpost.com/dispatch/news/yonhap-news-agency/130802/no-unused-credit-cards-tops-23-mln-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, Aug. 2 (Yonhap) -- The number of unused credit cards in South Korea has reached 23.1 million as of last month, seldom showing signs of a drop as card firms are reluctant to clear them for marketing purposes, the financial regulator said Friday.</p> <p>The number of dormant credit cards has been falling at a slow clip since the beginning of this year, standing at 23.4 million at the end of April and 23.5 million in January, according to the data by the Financial Supervisory Service (FSS).</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130802/no-unused-credit-cards-tops-23-mln-data" target="_blank">read more</a></p> Card Credit card Payment systems Yonhap News Agency Fri, 02 Aug 2013 04:45:57 +0000 Yonhap News Agency 5900611 at http://www.globalpost.com