More than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops apparently operated from China. An international investigation by the Guardian, Die Zeit and Le Monde gives a rare inside look at the mechanics […]
Tag: Credit Cards
Business owners: “please stop using credit cards”
Whenever someone uses a credit card to buy a scoop of mango ice cream at one of Victor Garcia’s shops in Texas, the financial system takes a bite. Credit card fees gobbled up more than $25,000 of Garcia’s sales last year. He’s now posted signs at his two shops near Fort Worth urging customers to […]
As pandemic cash dwindles; day of reckoning is near
US consumers are approaching a reckoning as the excess cash they built up during the pandemic dwindles. How they respond will help determine whether the world’s largest economy can dodge a recession. Over the past two years, consumers have drawn down the more than $2 trillion in extra savings they accumulated during the pandemic in […]
Senators demand credit card companies to stop tracking gun store sales
Senate Republicans are urging major credit card companies to reverse the decision to categorize gun shop purchases separately. Sen. Roger Marshall, Kansas, is leading a group of 12 GOP senators in demanding that the CEOs of Visa, Mastercard and American Express scrap plans to track gun store sales. The companies recently announced they would apply […]