Gambler's £158,000 loss on parents' cards


AN Internet gambling addict used his parents' credit cards to lose £158,000 in 50 minutes, a court heard yesterday. [more]





Wells Fargo to offer 'contactless' credit cards


Wells Fargo Co. plans to deliver "contactless" credit cards later this year in an effort to help retailers speed customers through the check-out process.

With the new cards, Wells Fargo (NYSE: WFC) customers wave their cards within a few inches of a reader, rather than swiping the card or giving it to a cashier. [more]






Chinese credit cards: RBS set to bridge cultural gap


Bank of China and Royal Bank of Scotland are to enter China's booming credit card market.

The partnership between the Royal Bank of Scotland and the Bank of China has progressed from an ownership stake to issuing credit cards. This is set to be a highly profitable strategic move by RBS as China's financial services develop. [more]



Airport confirms millionaire credit cards scam


LAS AMERICAS AIRPORT.- The manager in the country for U.S. Delta Airlines confirmed the existence of irregularities detrimental to clients that purchase air tickets with local and foreign bank charge cards. [more]




American Express Credit Cards stop offering balance transfers


A decision has been made by American Express Credit Cards to stop offering balance transfers to new customers.

The decision came as a result of the "rate tart" phenomenon which American Express Credit Cards claim has dominated the credit card landscape for the last two years. [more]



Moscow Court Jails 6 for Selling Forged Credit Cards Online


A district court in the Russian capital Moscow has passed prison sentences to six members of a criminal gang who made at least 5000 forged credit cards and sold them over the Internet both in Russia and abroad.

According to RIA-Novosti news agency report, all six convicts were found guilty of credit card forgery and trading in forged goods. [more]



Credit Cards of Federal Employees - The Case For Control


Imagine giving your child a credit card to buy items for school, then finding out the child placed all kinds of other charges on it -- expensive clothes, fancy restaurants and the like. You discover your child has wracked up thousands of dollars in debt. You would be angered and rightfully so. [more]




Borrowing 10,000 on personal loan and credit cards is normal


LONDON, UK, June 15, 2006 - Around two million Brits have built up debts of around 10,000 by taking out products like personal loans and credit cards. According to Pat Boyden, borrowing 10,000 to buy a new car is perfectly normal. [more]



UK police say mail worker stole credit cards


Police gave details on Tuesday of a scam in which a postal worker stole credit cards and passed them to a drug dealer whose gang used them to buy goods worth 870,000 pounds (US$1.5 million; 1.3 million euros). [more]