The news of course, in the wake of the most infamous consumer data breach yet, just gets newsier. Some reports indicate that information going back as far as ten years, on Target customers, could have been pilfered in the breach. One couple near the U.S. / Mexican border was arrested after having a cache of false credit cards in their possession, made from what appears to be a fraction of the stolen data.
Tag: credit card news
Claws and Roars: Target, Neiman-Marcus, and Beyond
Yes, there’s more to report on the Target Breach and its fallout. We know, as Pymnts.com columinist Karen Webster wrote, that “The Target data breach is old news to most people by now, but the ’terrible roars’ unleashed by those responsible for this breach will be heard throughout the payments industry for years to come. And, the marks left by the ‘terrible claws’ on the future of retail payments and consumer payment habits may in fact become indelible.”
When New Year’s Was New — Plus: New Cards Coming for the Hacked!
In the spirit of the holidays, we’ve stayed away from some of our “hard news” offerings in this space, to report on more thematically consistent topics, like the history of Christmas gift-giving, or this week — a history of New Year’s itself.
Changes in Attitude, and in Credit Score Latitude
Two news items this week show that your customers relationship to the credit cards they use to buy from you are changing. And also, more of them might be deemed worthy of that credit that previously thought.
Late Card Payments Decline — New Customer Use Patterns Emerging?
In increasing signs of a perking — or at least, stabilizing — economy, comes the news that late payments on credit cards are at a 20-year low. According to an AP article, the credit reporting bureau TransUnion is reporting “ the second-lowest recorded since the second quarter of 1994, when the rate was 0.56 percent, and it’s running ahead of the historical average of 1.03 percent. The firm’s records go back to 1992.”
Credit Card Tips for When “Back to School” Means “Off to College”
We’re probably as surprised as you that it’s already “back to school” time in so many places, for so many students. Aren’t we still a few weeks away from our Labor Day barbecues!?
On the Road: Best Cards For the Season Ahead
Memorial Day beckons as the official kick-off to the summer travel season, but your AVPS blog correspondents already have one child flying back from college for the break, and we’ve booked an interestingly complicated itinerary for a summer flight of our own. So travel season, it appears, is here.
