News That Matters

Tag: card

BA hacked: 380,000 card payments 'compromised'

BA hacked: 380,000 card payments 'compromised'

Business
Shares of British Airways' parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been "compromised" in a data theft. More than £500m was wiped of the airline group's market value as a result, before the share price rallied to being down just 2% on the day.The airline said people using BA.com and its mobile app for flight bookings were targeted by hackers between 21 August and 5 September.Information stolen includes customer names, email addresses, home addresses and payment card information - but not travel or passport details. We are aware of reports of a data breach affecting British Airways and are working with partners to assess ...

5 Credit Card Myths Hurting Your Financial Future

Finance
[unable to retrieve full-text content]By Lawrence Sprung, CFP® Credit cards are a tool that many of us use in order to buy things in a convenient fashion, but they represent both convenience and risk. When used properly, credit cards can add value to our financial lives because they offer the ability to buy things now and pay later, build credit and Latest Articles in
Debit card glitch sees thousands charged twice

Debit card glitch sees thousands charged twice

Business
Thousands of people across the UK were charged twice for debit card payments following a glitch. Customers paid twice due to a problem with card terminals run by Cardnet, despite transactions only showing up once on receipts.The error affected around 5% of payments made on machines on 29 August. Cardnet is a payment system run by Lloyds Bank and card processor First Data, which handles 1.1 billion transactions a year, including for a wide range of shops, restaurants and businesses in Britain.This means that Lloyds customers were not the only ones affected, since the machines accept most Mastercard and Visa payments.Customers will have to check their bank statements for duplicate payments - but they should have been automatically reimbursed. ...
UK's 'no-deal' Brexit plans warn of credit card fees

UK's 'no-deal' Brexit plans warn of credit card fees

Business
Brexit Secretary Dominic Raab has set out what he called "practical and proportionate" advice in case the UK leaves the EU without a deal.The guidance includes instructions for businesses who could face extra paperwork at borders and contingency plans to avoid medicine shortages.Britons visiting the EU could also face extra credit card charges.Ministers say a deal is the most likely outcome but that "short-term disruption" is possible without one.BBC political correspondent Chris Mason described the publication as a "vast swirling porridge of detail - much of it at a technical level, advising individual industries about the manner in which they are regulated in the event of a no-deal Brexit".In the 24 documents, which cover indus...
Are your credit card perks shrinking?

Are your credit card perks shrinking?

Finance
Three simple ways to pay off credit card debt Your credit card perks are designed to feel like a gift that keeps on giving. But they are not guaranteed to last. Buried deep in any credit card agreement is something that reads like this: your card issuer has the right to change the benefits and features of these programs at any time with notice. And some banks have already rolled back popular perks, leaving cardholders wondering whether the benefits they signed up for will last. Last month, Chase Sapphire Reserve customers were notified of a series of changes including the discontinuing of price protection, a reduction in the way some points are earned, and a cap on the number of guests included with airport lounge memberships. Earlier this year, Discover eliminated p...