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News Stories & Updates In The Credit Card Industry

In our “News Stories” blog section, we provide the latest breaking news, stories and updates for consumers in the credit card industry. We cover topics that include the latest industry research and data, cutting edge-technology developments, crime and fraud investigations as well as the latest regulatory and legislative news effecting credit cards.

At Credit Card Assist, we strive to provide the most up-to-date sources of news and information for consumers on the credit card industry available anywhere.

Webster Bank and Elan Financial Services Partner to Offer Credit Card Program

May 14, 2012

Webster Bank and Elan Financial Services have partnered to offer a new credit card program.  The new cards will be available to four state regions from White Plains, NY to Boston, Massachusetts and will begin to roll out during the second quarter of 2012. Some of the options include rewards cards with a 1% cash [...]

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Visa Voice the New Talking Credit Card via The Onion

May 14, 2012

A funny article by The Onion, jokes that Visa recently held a press conference to introduce its new talking credit card, “Visa Voice”. The card urges customers to go ahead and buy whatever it is that they really want. If you are near an item, but are hesitant to purchase it, Visa Voice will give [...]

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North Island Credit Union to Reissue its Own Credit Card

May 14, 2012

North Island Credit Union, based in San Diego, CA, got out of the credit card game back in 2001 by selling its portfolio to the First National Bank of Omaha. First National continued to issue the cards through agent-issuing agreements. Now that ten years have passed, North Island has decided to reissue its own credit [...]

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Report Shows Thomson Used His Union Credit Card to Pay for Escorts

May 14, 2012

SYDNEY, Australia- A recently released report shows that Craig Thomson, former national secretary of the Health Services Union from 2002-2007, used his union credit card to pay for escorts. The report also states that he repeatedly gave false and misleading information during the course of the investigation. Mr. Thomson was also recently suspended from the [...]

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Security Sorely Lacking for Card Donations on Romney Super PAC Website

May 14, 2012

Mitt Romney’s Super PAC has raised over $50 million in his push to the presidency; however, the system collecting some of this money is so insecure that it exposes donor’s credit card information to fraud. According to Diana Kelley, an analyst for SecurityCurve, the website should stop accepting donations until the problem is fixed. She [...]

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Cost of the Higher Education Credit Card Limit Continues to Skyrocket

May 14, 2012

BOULDER, Colo.- President Obama recently visited the area to talk about student loans. He firmly believes that Congress should vote to keep interest rates for subsidized Stafford student loans at 3.4%. While this would help some students, it is a small amount when considering the rising costs of a higher education. Over the last forty [...]

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American Travelers Experiencing More Problems Using Credit Cards Overseas

May 11, 2012

The credit card you carry around in your pocket, may not work as well when you travel overseas. American credit cards are antiquated and still use magnetic strip exchange to transfer information. However, in Europe, and many other countries, they use chip-and-pin card technology. But this can be a problem at automated kiosks and small [...]

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Chili’s Waitress in Coral Springs Arrested for Card Skimming

May 11, 2012

CORAL SPRINGS, Fla.- A server at Chili’s was arrested by Coral Springs police after several customers complained about false charges on their credit cards. The Chili’s loss prevention team was able to trace the activity to one person,  Germithe Geffrard, 23, of Pompano Beach. When police came to the restaurant to investigate further, a credit [...]

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Springfield Police Arrest Three Men for Credit Card Fraud

May 11, 2012

SPRINGFIELD, Ill.- A routine traffic stopped ended in arrest for three men on Wednesday morning. Bo Zheng, 42, of Brooklyn, NY, Koki Kumagai, 48, and Noboru Urushindani, 48, were all arrested for credit card fraud. During the routine stop, officers spotted open beer bottles in the back seat.

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Card Skimming Scheme at Tulsa McDonald’s Broken Up

May 11, 2012

TULSA, Okla.- A card skimmer was used at a Tulsa, Oklahoma McDonalds to steal the debit and credit card information of hundreds of victims. Godlive Jonathan Tetty-Mensah, 10, of Ghana, pleaded guilty to aggravated identity theft in connection to the credit card skimming which took place from August 2011 until October 2011. Three other men [...]

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