It's jail time for man caught forging stolen credit cards


The federal court sentenced yesterday to four months in prison one of two men charged for conspiring to use and forge credit cards and checks that were stolen from a postal office.

U.S. District Court for the NMI Chief Judge Alex R. Munson ordered Gary Lee Castro Pangelinan to spend a total of four months in jail for one count of conspiracy to receive and possess stolen mail and three counts of possession of stolen mail. [more]


Women Accused of Charging $10K on Others Credit Cards


It's a type of identity theft that can be found at the finger tips of criminals. Brownsville police are calling it a low tech crime, simply because, these criminals are just using a phone book to steal or misrepresent your identity. [more]






Three held with stolen credit cards


Police yesterday claimed to have busted a credit card scam with the arrest of three Hyderabad residents from whom it recovered 19 stolen or forged credit cards. [more]













Apacs advice on cards abroad released


The UK payments association Apacs has announced the release of a new guide which offers advice to holidaymakers planning on using credit cards while overseas. [more]



Chase Adds Contactless Technology to 1.8 Million Visa Debit Cards


JPMorgan Chase & Co., the largest issuer of contactless credit cards in the country with 7 million in circulation, is now adding contactless payment technology to its debit cards. The banking giant, which brands its contactless cards “blink,” has plans to re-issue 1.8 million debit cards with the Visa mark and contactless technology, which replaces card swipes with radio waves. The bank began releasing the new cards last month to checking-account holders in the New York-New Jersey-Connecticut area, where it says 2,000 merchant locations have the capability to accept contactless transactions. Nationally, about 30,000 locations are now equipped to process these transactions. [more]




AK-47s known as 'credit cards' in lawless Congo


BUNIA, Congo (Reuters) - Some fight in flip-flops, others hope potions will turn their enemy's bullets into water and most take little time to aim, trusting in the theory: "He who makes most noise wins."

But the government soldiers, militia fighters and bush bandits in eastern Congo all have one thing in common -- an AK-47 assault rifle. [more]
*I know its not really 'Credit Card' news, but its interesting, so I posted it!




N.Y. Passes Bill Banning Some Rate Increases on Credit Cards


In an effort to protect consumers from sky-high interest rates on credit cards, the New York State legislature passed a bill Wednesday that would prohibit card companies from imposing "universal default" on local cardholders. [more]