Category: Credit Cards

Steve Wozniak Points to Apple Card Gender Discrimination on Twitter, Regulators Investigating

This weekend, with astonishing speed, a viral Twitter thread prompted into a New York State investigation into alleged gender discrimination by the Apple Card and its banking partner Goldman Sachs. On Thursday, Basecamp CTO and Ruby on Rails creator David Heinemeier Hansson called bullshit on the Apple Card’s alleged decision to award him “20x” the…

Website peddling 26 million stolen credit and debit cards got hacked

You get a card! You get a card! You all get cards! Image: alexialex / getty By Jack Morse2019-10-15 21:28:49 UTC Not even professional digital fraudsters are immune to getting hacked.  This was made abundantly clear today following a report by Krebs on Security that an online shop offering approximately 26 million stolen debit and…

Major credit card companies launch a one-click checkout button

To start, the new button is available on the Cinemark, Movember and Rakuten websites, but you’ll find it on BassPro, JoAnn Fabric, Papa John’s, Saks Fifth Avenue, SHOP.com and Tickets.com by the end of the year. It should become more ubiquitous in 2020.The credit card companies hope to create a consistent, simple user experience (with…

Goldman Sachs leads $50M round for credit card platform Deserve

Deserve, a credit card startup helping young people establish themselves, as well as a cloud-based credit card platform for businesses, has raised $50 million in a new round of Series C funding led by Goldman Sachs, the company announced today. Others participating in the round include existing investors Sallie Mae, Accel, Aspect Ventures, Pelion Venture…

Mastercard makes shopping easier for transgender and non-binary people

Credit and debit cards should be made equal. Image: garmoncheg / SHUTTERSTOCK By Siobhan Neela-Stock2019-11-08 20:21:25 UTC Trans and non-binary people in states like Illinois, Arizona, and Florida will soon have the option to choose the first name they want on their payment cards without it having to match their legal name.   Mastercard partnered…

Deserve, which uses AI to inspect credit reliability and offer credit cards to users with little or no credit rating, raises $50M Series C led by Goldman Sachs (Hugh Son/CNBC)

November 4, 2019, 2:15 PM Top News More: Axios, The Verge, GeekWire, New York Times, TechCrunch, Philip Elmer‑DeWitt, Yahoo Finance, USA Today, The Hill, Silicon Valley Business …, CNN, iPhone in Canada Blog, CNBC, iDownloadBlog.com, Patently Apple, MacRumors, 9to5Mac, Business Insider, Mashable, iMore, TechSpot, and Seeking Alpha Tweets: @tim_cook, @chamath, @laurettaland, @stacylwhitman, @banditelli, @kimmaicutler, @thomasfuchs, @jjvincent,…

I had to take on credit-card debt for my dog’s first emergency, but my new high-yield savings account keeps me from ever having to do it again

Our dog had a medical emergency a few years ago that cost us $3,000. We used a 0% interest credit card to pay the bill, but I found it stressful to carry that debt.When I learned about Ally’s high-yield savings accounts and saw how compound interest could help my savings grow, I opened an account…

Visa, Mastercard shun Facebook’s Libra digital currency plan – CTV News

NEW YORK — Visa and Mastercard on Friday announced their departure from Facebook’s Libra project, a potentially fatal blow to the social network’s plan for a worldwide digital currency. Along with the two payment giants, several other large companies have said they’re exiting Libra. Payment processing company Stripe said it is stepping back, as well…

Takeaways from the $566M BriansClub Breach

Reporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths. Most notably, that the world’s largest financial institutions tend to have a much better idea of which merchants and bank cards have been breached than do the thousands of smaller banks…

Man gets four years in prison for $1.5M Apple Pay fraud

By Amber Neely Friday, October 25, 2019, 01:43 pm PT (04:43 pm ET) A U.S. district judge has sentenced a 30-year-old Miami resident to over four years in federal prison for his part in a criminal enterprise that leveraged Apple Pay to make more than $1.5 million in purchases using victims’ credit cards. Daniel Butler…