PayPal Is Said to Undercut Square With Card-Swiping Device

Posted by administrator | 14/03/12 | Tagged Credit Card

PayPal Is Said to Undercut Square With Card-Swiping Device
News from Bloomberg:

PayPal Inc. (PYPL), trying to coax cab drivers and small merchants to use its payment system, will offer a mobile credit-card-swiping device that is slightly cheaper than Square Inc.’s product, according to two people with knowledge of the matter.

The company plans to unveil a card reader tomorrow that charges merchants 2.7 percent on transactions, less than Square’s 2.75 percent, the people said. The device is a blue triangle and plugs into the headphone jack of a smartphone, said the people, who asked not to be named because the information isn’t public.

PayPal, now a division of EBay Inc. (EBAY), first gained popularity as a way for small e-commerce sites to accept payment without the expense or hassle of processing credit cards. The new device will help PayPal compete in the market for mobile payments, which may top $ 170 billion in transactions by 2015, up from about $ 60 billion last year, according to

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ShopSmart’s Five Debit Card Don’ts
News from Bradenton Herald:

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Jacksonville credit scores, credit card debt worse than national average
News from Bizjournals.com:

Date: Wednesday, March 14, 2012, 9:59am EDT

Credit scores, auto loan debt and credit card debt in Jacksonville are all in worse shape than the national average.

Michael Clinton
Web Producer – Jacksonville Business Journal
Email  | 

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Credit Card Debt: Polk Makes Progress
News from The Ledger:

Published: Wednesday, March 14, 2012 at 12:01 a.m.
Last Modified: Tuesday, March 13, 2012 at 9:02 p.m.

Discussing personal credit card debt is one of the most taboo subjects in America. Among things people say they’re unlikely to talk openly about with someone they just met, credit card debt ranks above talking about their weight, and their monthly mortgage or rent. According to research by CreditCards.com, people would even rather share the details of their love life than talk about their credit card issues.

Polk County residents received some welcome news recently concerning their plastic debt, information about which they should be willing to open up.

Equifax, a consumer credit reporting agency, says average household debt on credit cards in the Polk dropped 18.32 percent between the fourth quarter of 2010 and the fourth quarter of 2011. That puts the Lakeland-Winter Haven metropolitan statistical area No. 8 among the top 100 such areas nationally.

Lakeland-Winter Haven was just behind Florida neighbors Tampa-St. Petersburg-Clearwater (No. 7 at 18.43 percent) and Northport-Bradenton-Sarasota (No. 6 at 18.44 percent).

Florida areas Port St. Lucie (23.59 percent) and Ocala (20.97 percent) were first and second nationally in reduction of credit card debt.

That’s great news, particularly given that…………… continues on The Ledger

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Best Credit Cards for Traveling Abroad

Posted by administrator | 14/03/12 | Tagged Credit Card

Best Credit Cards for Traveling Abroad
News from Huffington Post:

In 2011, 58.5 million Americans traveled overseas, according to the International Trade Administration. That’s a 3 percent increase from the year before, signaling that our wanderlust and our love of travel bargains has inspired us to start globetrotting again. To help you get ready for your next adventure outside the United States, we compiled a list of the best credit cards for traveling abroad:

Best credit cards for traveling to Europe

Despite credit card issuers’ insistence that magnetic stripe cards work anywhere, many American travelers find themselves turned away by European retailers worried about fraud. Therefore, you’ll need a “chip-and-PIN” credit card that works at merchants who don’t yet have newer, contactless payment terminals. Two of the best credit cards for European visits offer great perks beyond enhanced security:

  • continues on Huffington Post

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Police looking for credit card thieves
News from Danbury News Times:

DANBURY — Police are seeking a couple suspected of using credit cards stolen from a woman’s purse at a local restaurant to charge more than $ 2,000 in purchases at an Eagle Road home improvement store.

The same couple was thwarted, however, when they attempted to use the stolen cards to buy thousands of dollars worth of merchandise at stores in White Plains, N.Y., and Paramus, N.J., according to Officer Matt Casazza, who is investigating the case.

Casazza said it’s possible the suspects may have been active along the Interstate 684 corridor in New York state, as well as in southern Connecticut and the New York City area.

The theft is believed to have occurred Friday at Brio, a restaurant in the Danbury Fair mall. The victims, identified by police only as an elderly couple from Danbury, were eating there when the husband noticed that the couple sitting next to them bumped into his wife’s purse several times.

Later that evening, the wife received several calls from her credit card companies concerning suspicious transactions, Casazza said. She checked her purse and discovered four cards were missing.

The victims later learned the thieves ran up a bill in excess of…………… continues on Danbury News Times

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