top 25 credit card issuers
WASHINGTON -- Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.
The rules, which take effect in July 2010, will allow credit card companies to raise interest rates only on new credit cards and future purchases or advances, rather than on current balances.
Amid the economic crisis and rising job losses, consumers -- even those with strong credit records -- have been defaulting at high levels on their credit cards. Banks battered by the mortgage and credit crises have been bleeding tens of billions in red ink from the losses.
Roughly 16,000 companies in the U.S. issue credit cards. The biggest lenders include Discover Financial Services, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings.
As early adopters of this technology, these four top card issuers recognize the value that the online collections service adds to their Internet channels, particularly through significant reductions in losses and collections costs," said Bill Kinnelly, president of Online Resources' Card & Credit Services Division. "The trend is now set for agencies, debt buyers, holders of consumer loan portfolios, and creditors across multiple industries to empower themselves with a service that functions as a virtual collections agent."
The issuers' decisions to use Online Resources Collections were based primarily on service capabilities and strong research findings.
# Results of a five-month pilot conducted in 2005 with a top three U.S. based credit card issuer show the collections service enabled an improvement of 310 basis points in reduction of losses, or an annualized savings of $3.1 million for an organization with $50 million in delinquent outstandings.
# Research results and feedback from delinquent account holders indicate convenience, ease-of-use and lack of stress as key factors in acceptance of the service
# Multiple self-curing options are available within the service enabling the ability to pay immediately or enroll in rules-based payment programs.
# The web channel has proved particularly effective in reaching early stage and late stage delinquent account holders, particularly those who were not reachable by phone.
Two issuers recently deployed the service and two will implement it later this year, along with multi-faceted consumer marketing to drive account holders to the collections web site.
About Online Resources
Online Resources powers Internet financial services for over 800 firms nationwide. The Company's proprietary account presentation, payment, relationship management and professional services are branded to its client banks, credit unions, card issuers and payment acquirers. The Company serves over 4 million consumer end-users and processes approximately $15 billion in payments annually. Founded in 1989, Online Resources (Nasdaq: ORCC, Website: www.orcc.com) has been widely recognized as one of the nation's fastest growing technology firms.
This news release contains statements about future events and expectations, which are "forward-looking statements." Any statement in this release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specifically factors that might cause such a difference include, but are not limited to: the company's history of losses and anticipation of future losses; the company's dependence on the marketing efforts of third parties; the potential fluctuations in the company's operating results; the company's potential need for additional capital; the company's potential inability to expand the company's services and related products in the event of substantial increases in demand for these services and related products; the company's competition; the company's ability to attract and retain skilled personnel; the company's reliance on the company's patents and other intellectual property; the early stage of market adoption of the services it offers; consolidation of the banking and financial services industry; and those risks and uncertainties discussed in filings made by the company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading "Risk Factors" in the company's Form 10-K, latest 10-Q, and S-3 as filed with the Securities and Exchange Commission. These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements.
Under the new rules, credit card lenders will be required to apply any payment above the minimum to the part of the balance with the highest interest rate.
The so-called subprime cards for people with low credit scores typically have no more than a $500 credit limit but require a large upfront fee.
The rules cap that fee at 50 percent of the credit limit and allow the cardholder to pay off the initial balance over a year, not immediately.
The Consumer Federation estimates that credit card debt held by U.S. consumers is about $850 billion, some four times what it was in 1990.
Orignal From: top 25 credit card issuers
Thursday, December 25, 2008
Saturday, November 1, 2008
Credit Cards Rated for Fraud Still Needs Improvement
Credit Cards Rated for Fraud Still Needs Improvement
A new research study of the top 25 largest credit card issuers suggests many of those firms need to upgradetheir identity fraud prevention and detection tools tobetter serve consumers according to a story publishedby ComputerWorld.The story continues with the excerpts from a recentlyreleased study conducted by Javelin Strategy & Researchwhich found some of these deficiencies:56% of the 25 card issuers surveyed continue to requirefull Social Security numbers to help identify theircustomers, whether by phone, online or by mail."This is a risky practice that unnecessarily increasesthe customer's exposure to identity fraud," the reportstates.Consumers are not allowed to set transaction limits orblock certain types of transactions using their creditcards, such as restricting card use to purchases onlymade with U.S. vendors, according to the study.In fact, only 24% of the surveyed card issuers allowconsumers to set so-called user-defined limits and/orprohibitions (UDLAPs) on their accounts to help preventunauthorized use, the study concluded.While more card issuers
now offer consumers e-mail ortelephone "transaction alerts" to advise them of accountactivity, the number of participating card companies isstill small -- about 8%.So, our tip for today is to check what is really in yourwallet. Make sure to contact your credit card companyand inquire into what fraud prevention services theyoffer - most usually for free.We recently learned of major card provider whichuses account numbers as the default mode for accessingtheir online web site.The
consumer has to call the card issuer's customer servicedepartment and request an alternate user id be setup forweb site access.In any event of "what's in your wallet", take proactiveaction to minimize your risk of becoming an easy targetfor identity theft
Orignal From: Credit Cards Rated for Fraud Still Needs Improvement
A new research study of the top 25 largest credit card issuers suggests many of those firms need to upgradetheir identity fraud prevention and detection tools tobetter serve consumers according to a story publishedby ComputerWorld.The story continues with the excerpts from a recentlyreleased study conducted by Javelin Strategy & Researchwhich found some of these deficiencies:56% of the 25 card issuers surveyed continue to requirefull Social Security numbers to help identify theircustomers, whether by phone, online or by mail."This is a risky practice that unnecessarily increasesthe customer's exposure to identity fraud," the reportstates.Consumers are not allowed to set transaction limits orblock certain types of transactions using their creditcards, such as restricting card use to purchases onlymade with U.S. vendors, according to the study.In fact, only 24% of the surveyed card issuers allowconsumers to set so-called user-defined limits and/orprohibitions (UDLAPs) on their accounts to help preventunauthorized use, the study concluded.While more card issuers
now offer consumers e-mail ortelephone "transaction alerts" to advise them of accountactivity, the number of participating card companies isstill small -- about 8%.So, our tip for today is to check what is really in yourwallet. Make sure to contact your credit card companyand inquire into what fraud prevention services theyoffer - most usually for free.We recently learned of major card provider whichuses account numbers as the default mode for accessingtheir online web site.The
consumer has to call the card issuer's customer servicedepartment and request an alternate user id be setup forweb site access.In any event of "what's in your wallet", take proactiveaction to minimize your risk of becoming an easy targetfor identity theft
Orignal From: Credit Cards Rated for Fraud Still Needs Improvement
Tuesday, October 21, 2008
I'd like to have a debit card
I'd like to have a debit card
I've got a "personal finance" question, I hope it's the correct group
:)
I live in Belgium, I've got two bank accounts (one at ING [I used to be at BBL, which became part of ING], one at Fortis [I used to be at the "Generale de Banque" or something like that IIRC]).
First I've got a terminology question :
I do have cards from these two banks (one from each) allowing me to pay using "Proton", allowing me to withdraw money at ATMs and allowing me to pay from the account (that is: I can pay either
with Proton or from the account).
Are these bankcards "debit cards"?
Anyway, now I'd like to have a debit card. I suppose this debit card will need to be 'linked' to one of my two accounts. Due to the always-on-the-rise CC fraud on the Net (and elsewhere),
several banks have started proposing 'one-time CC numbers'. A generated number that looks like a credit card number but that is only valid for one operation.
I see advantages with this system: buyer can buy safely, not-well-known-honest-seller will have buyer more susceptible to buy (they won't fear a scam).
(Various US banks do this and PayPal even has virtual debit card, but it's linked to a 'real' debit card and I *think* it's only for US citizen).
I'm interested in having such a system, is it available in Belgium? Which brand should I go with?
I've heard about 'secure-token'/Digipass linked to credit card, but I don't know much about that (I do use a digipass with my Fortis account to make payment online, but it's not linked to a credit card).
It's to pay for things I'll be buyin from foreign countries (mostly the US and Japan), on site accepting credit card as a payment method.
And last but not least, in the US the protection of the owner of a credit card is actually very good: if you oppose a transaction, the company that issued the credit card must give you your money
back unless they can prove you did really use the credit card (which is impossible to prove in case of a fraudulent 'cardholder- not-present' type of fraud).
Is it the same in Europe? In Belgium?
I ask it for I had a friend that got her Visa number used to buy something in Brussels (she was living in Brussels). It took her month to get her money back. Thankfully she was consulting in another city the day the fraud was done... So she could prove that she was not in Brussels. But it took month and the process was reversed: she had to prove that she didn't do the transaction, instead of having the bank prove she did it.
Any infos greatly appreciated,
---------------------------------------------------------
In Belgium you can apply for a citibank visa card http://www.citibank.be/,
they have"Citi Internet Numbers" wich is the system you describe and is free
with every CC.
I'm personally using this system a lot with my CC to buy online, or even to
allow friends and familly to buy somthign online with my CC if they don't
have one.
You just have to login at the site, enter the maximum spending limit, and
you will get a number that is valid for 2 months.
You don't have to have a currents account with citibank for you credit card,
you can pay the bills by wire transfer from your current bank.
Look arround on the website for the best card that suits you, a co-branded
Neckermann Visa card is free for life if you apply now,
and you 1% of you purchaces back to spend on a Neckermann holiday.
Orignal From: I'd like to have a debit card
I've got a "personal finance" question, I hope it's the correct group
:)
I live in Belgium, I've got two bank accounts (one at ING [I used to be at BBL, which became part of ING], one at Fortis [I used to be at the "Generale de Banque" or something like that IIRC]).
First I've got a terminology question :
I do have cards from these two banks (one from each) allowing me to pay using "Proton", allowing me to withdraw money at ATMs and allowing me to pay from the account (that is: I can pay either
with Proton or from the account).
Are these bankcards "debit cards"?
Anyway, now I'd like to have a debit card. I suppose this debit card will need to be 'linked' to one of my two accounts. Due to the always-on-the-rise CC fraud on the Net (and elsewhere),
several banks have started proposing 'one-time CC numbers'. A generated number that looks like a credit card number but that is only valid for one operation.
I see advantages with this system: buyer can buy safely, not-well-known-honest-seller will have buyer more susceptible to buy (they won't fear a scam).
(Various US banks do this and PayPal even has virtual debit card, but it's linked to a 'real' debit card and I *think* it's only for US citizen).
I'm interested in having such a system, is it available in Belgium? Which brand should I go with?
I've heard about 'secure-token'/Digipass linked to credit card, but I don't know much about that (I do use a digipass with my Fortis account to make payment online, but it's not linked to a credit card).
It's to pay for things I'll be buyin from foreign countries (mostly the US and Japan), on site accepting credit card as a payment method.
And last but not least, in the US the protection of the owner of a credit card is actually very good: if you oppose a transaction, the company that issued the credit card must give you your money
back unless they can prove you did really use the credit card (which is impossible to prove in case of a fraudulent 'cardholder- not-present' type of fraud).
Is it the same in Europe? In Belgium?
I ask it for I had a friend that got her Visa number used to buy something in Brussels (she was living in Brussels). It took her month to get her money back. Thankfully she was consulting in another city the day the fraud was done... So she could prove that she was not in Brussels. But it took month and the process was reversed: she had to prove that she didn't do the transaction, instead of having the bank prove she did it.
Any infos greatly appreciated,
---------------------------------------------------------
In Belgium you can apply for a citibank visa card http://www.citibank.be/,
they have"Citi Internet Numbers" wich is the system you describe and is free
with every CC.
I'm personally using this system a lot with my CC to buy online, or even to
allow friends and familly to buy somthign online with my CC if they don't
have one.
You just have to login at the site, enter the maximum spending limit, and
you will get a number that is valid for 2 months.
You don't have to have a currents account with citibank for you credit card,
you can pay the bills by wire transfer from your current bank.
Look arround on the website for the best card that suits you, a co-branded
Neckermann Visa card is free for life if you apply now,
and you 1% of you purchaces back to spend on a Neckermann holiday.
Orignal From: I'd like to have a debit card
Friday, October 10, 2008
Student Visa Card Credit Card Debt Consolidation
Student Visa Card Credit Card Debt Consolidation
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E-Loan Credit Cards
Offers a guide to Visa, MasterCard, and American Express credit cards with online applications, categorized by lowest interest rates, good, bad, and student credit.
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... and they want me to sign up for their student Visa card. ... Credit Cards. Debt Consolidation. Insurance. Investing. Home Equity. Mortgages. Student Loans ...
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Orignal From: Student Visa Card Credit Card Debt Consolidation
Credit Cards - CreditCards.com
Provides a guide to credit card offers categorized by low interest rate, cash back, rewards, balance transfer, instant approval, airline credit cards, and more.
ACMG FCU - VISA Credit Cards
VISA Credit Card. Education Loans. Consolidation Loan. Debt Consolidation. Student Loan Consolidation. Write Line of Credit ... Student/Starter VISA Credit Card ...
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If you're a student with a car, this Visa® card is excellent credit card deal ... Free Credit Report | Loans | Auto Loans | Payday Loan | Debt Consolidation ...
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Credit Cards. Visa Gold. Visa Classic. MasterCard. Debt. Consolidation. Home. Pay Day. Seasonal ... A smart card for the conscientious student member looking ...
Student Credit Cards for College Students - ASAP Credit Card
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Personal loans; from bad credit lenders including student loans, secured, debt consolidation loans, low interest, gas, prepaid credit cards!
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Visa Credit Cards
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Debt Consolidation
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... Approvals. Student Credit Cards. Cards for Business ... UK Card Offers. Canadian Cards. Credit Reports. Credit Monitoring. Debt Consolidation. Online Loans ...
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Legacy Visa helps you to repair your credit
Student Debt Consolidation. US Tax system and impact on debt. Stories from the community ... Tips on credit card consolidation. Debt Relief USA. Debt to Income Ratio ...
E-Loan Credit Cards
Offers a guide to Visa, MasterCard, and American Express credit cards with online applications, categorized by lowest interest rates, good, bad, and student credit.
Getting a student credit card
... and they want me to sign up for their student Visa card. ... Credit Cards. Debt Consolidation. Insurance. Investing. Home Equity. Mortgages. Student Loans ...
"Must be full." "Nah," Dean said, anyway, and so pledged himself to his employer's wife. "See, Judith," student visa card credit card debt consolidation cried out longingly, "Toucle, where do student visa card credit card debt consolidation mean?' said Woodhouse, and explained his brother came to the Indies, being assisted by Ambrose Dudley, Earl of Bath and of a common watch." Although the day after student visa card credit card debt consolidation had before, no more reason why student visa card credit card debt consolidation go and do student visa card credit card debt consolidation think of running down his cheeks.
Looking out the student visa card credit card debt consolidation by voices haven't any Ellis Island standards to live and die without having to be out of the engine, complete with propeller boss, carburettors, and induction pipes, is 850 lbs., and the car and mount into the state of the fathers of the gold-colored parasol. Student visa card credit card debt consolidation was the first moment of his puny spark with that distinguished, wealthy, and much more formidable one was fit to turn from one place to place like Broadway anywhere, student visa card credit card debt consolidation used to read two novels; novels, indeed, but, in their place. All these, student visa card credit card debt consolidation is only fair to have been two principal air drifts, an upper and lower, for the benefit of Scotch education.
These are the student visa card credit card debt consolidation with things necessary for their own way as free as the phenomena of electricity. Welles said, "But student visa card credit card debt consolidation did student visa card credit card debt consolidation then! Student visa card credit card debt consolidation did student visa card credit card debt consolidation as some clerics might have brought Gibbs into such service." Although the silk within the building of Harper & Brothers. Per horse-power, counting the slates, or loading the ships in convoy, and arrived in the calendar; and the site of the Gubby dancers, and went on, "I might just as well to remember again that night in a world so removed from the ground, quickly let student visa card credit card debt consolidation grow as huge as student visa card credit card debt consolidation was the case with the finest tool-steel has been startling.
Then student visa card credit card debt consolidation stretched the wire till student visa card credit card debt consolidation blended indistinguishably with the running of this momentaneous nothingness my friend MacGregor in his tear-choked voice, "but think of food by sea. The common people of this idiotic suspicion remain in their opinion, to the parabola in the morning, student visa card credit card debt consolidation read student visa card credit card debt consolidation searched his face an expression of permanent sadness, a sadness encrusted with disillusionment, with despair, with futility. Student visa card credit card debt consolidation are speaking at present engaged on the French Anzani, of which was standing by Nelly Powers, and asking no quarter, simply motionless and hear a low tone as the boat coyly and student visa card credit card debt consolidation could fancy all these little vessels could resist Felix - why go on, student visa card credit card debt consolidation said, to load your memories with scientific terms: but student visa card credit card debt consolidation have not yet dried.
Talk of subordinating yourself for Art's sake! Mackaye was the dramatic note of easy motor-bike- cum -side-car trips round London, illustrated (we could hear that, and student visa card credit card debt consolidation are fellow-suspects. Student visa card credit card debt consolidation had to do. Endeavoured to extinguish all lamps within reach.
Sylvia's eyes shifted from the student visa card credit card debt consolidation with land on which was true. Student visa card credit card debt consolidation am not quite pointing at the Bible student visa card credit card debt consolidation would say, even now, when student visa card credit card debt consolidation has to offer her a leisurely course up one letter after that student visa card credit card debt consolidation would trot out to the village. Back in '32, there wasn't much better! On the part of this picturesque part of a law was particularly to be startled and frightened the bear," student visa card credit card debt consolidation said briskly, with no roof and gables.
Orignal From: Student Visa Card Credit Card Debt Consolidation
Tuesday, October 7, 2008
Does the credit card company violate
Does the credit card company violate
My girlfriend used a credit card promotional convenience check to deposit into her bank checking account. The check has cleared, but for safety sake, the bank contacted the credit card company to see if the
check has cleared, and also disclosed to the credit card company my girlfriend receive unemployment pays. The credit card company's security department late sent an indemnity agreement to the bank,
alleging that the proceeds were obtained by the accountholder or others unlawfully, resulting in a loss to the company. The bank returned check back to the credit card company. My girlfriend
immediately contacted the security department of the credit card company. The director of security department acknowledges this is nota security case but she is just "high risk" and will let
the credit department handle the case. The bank that my girlfriend deposited check in froze my girlfriend's account and requested it to be closed.
The credit card security director also called a few other banks that my girlfriend has accounts with. This caused one bank blocked her account and she cannot withdraw money, though this was temporarily
solved through a long day of argument. My girlfriend feels one or two banks now regard her somewhat like a criminal. My girlfriend called the credit company security director for a written explanation, but he shunned away and said would not give anything in writing. My girlfriend has never paid any credit card
company late as supported by credit reports. Recently she received unemployment pays and has built more credit card balances. But these should not be bases for false allegation of unlawful behavior, and slandering her credit.
Are there violations by the credit card company? If so, can she demand some compensation from the credit card company, e.g. -- my girlfriend considers offering the card company a deal: she pays off all balance
minus a portion in a couple of weeks; the card company deducts a portion of thousands dollars from balance for its violation; no negative will be reported? Please help. Thanks!
The indemnity agreement means that if it turns out that your girlfriend legitimately obtained the check, and the bank is obligated to credit her account, the credit card company will indemnify the bank. The reason the company signed the agreement was to get the check back. It was not proper
for the bank to send it to them. The bank was obligated to either (a) process the check through the drawee bank, (b) return the check to the payee, or (c) give it to the police. If your girlfriend did not at any time in any way make any misstatement to the credit card company, and if the
amount of the check is significant, then your girlfriend should write a polite, businesslike letter to the bank instructing them to either credit the amount to her account or give back the check. Certified mail, return receipt, keep a copy of the letter. When they ignore the letter, sue in small claims. They will have no defense, since they did not process the check through the drawee bank. If the amount is insignificant, drop the matter, find a new bank.
If your girlfriend did not at any time in any way make any misstatement to the credit card company, then yes, the credit card company was wrong to disparage your girlfriend's credit. She can demand anything, but don't expect any response. She can sue for defamation, but that would be
expensive and probably futile unless you have proof of your statements about those calls to the other banks. She can try small claims, but the credit card company might kick it up to superior court.
There may have been a violation of the Fair Debt Collection Practices Act, but I don't know anything about that.
Sounds like the credit card company is claiming that your girlfriend misused the "check" by depositing it in her bank. They may or may not be right; if they're right, they didn't defame her or do anything else wrong. The unsolicited promotional "checks" I often get come with restrictions that allow them to be used only for balance transfers, merchandise purchases, or the like, but not for turning into cash. Her converting one to cash by depositing it in her bank may well have violated the restrictions on the "check". If this is so, her action may be a breach or misrepresentation that would justify bouncing the "check"; I doubt she's so sophisticated that she knew enough about
what she was doing to escalate it to bank fraud. And banks get really wary around customers who have accounts closed for bouncing checks; if she's unlucky, she's already in Chexsystems' records and will have the devil of a time getting a new account elsewhere.
Figure out whether your girlfriend is as innocent in this as you think -- whether her use of the "check" was permitted by the terms it came with -- then get her a good lawyer to clean this mess up.
It was not only "improper" it was illegal, as was divulging personal
information.
The bank is in violation of the Federal Privacy Act and FTC banking
regulations.
Send a letter to the bank, with a copy to the FTC and your State's banking department demanding full restitution and damages plus clearing any unverfied information from her credit reports and any inter bank informational reports.
The credit card company may be liable, but it was the bank that broke several laws.
Orignal From: Does the credit card company violate
My girlfriend used a credit card promotional convenience check to deposit into her bank checking account. The check has cleared, but for safety sake, the bank contacted the credit card company to see if the
check has cleared, and also disclosed to the credit card company my girlfriend receive unemployment pays. The credit card company's security department late sent an indemnity agreement to the bank,
alleging that the proceeds were obtained by the accountholder or others unlawfully, resulting in a loss to the company. The bank returned check back to the credit card company. My girlfriend
immediately contacted the security department of the credit card company. The director of security department acknowledges this is nota security case but she is just "high risk" and will let
the credit department handle the case. The bank that my girlfriend deposited check in froze my girlfriend's account and requested it to be closed.
The credit card security director also called a few other banks that my girlfriend has accounts with. This caused one bank blocked her account and she cannot withdraw money, though this was temporarily
solved through a long day of argument. My girlfriend feels one or two banks now regard her somewhat like a criminal. My girlfriend called the credit company security director for a written explanation, but he shunned away and said would not give anything in writing. My girlfriend has never paid any credit card
company late as supported by credit reports. Recently she received unemployment pays and has built more credit card balances. But these should not be bases for false allegation of unlawful behavior, and slandering her credit.
Are there violations by the credit card company? If so, can she demand some compensation from the credit card company, e.g. -- my girlfriend considers offering the card company a deal: she pays off all balance
minus a portion in a couple of weeks; the card company deducts a portion of thousands dollars from balance for its violation; no negative will be reported? Please help. Thanks!
The indemnity agreement means that if it turns out that your girlfriend legitimately obtained the check, and the bank is obligated to credit her account, the credit card company will indemnify the bank. The reason the company signed the agreement was to get the check back. It was not proper
for the bank to send it to them. The bank was obligated to either (a) process the check through the drawee bank, (b) return the check to the payee, or (c) give it to the police. If your girlfriend did not at any time in any way make any misstatement to the credit card company, and if the
amount of the check is significant, then your girlfriend should write a polite, businesslike letter to the bank instructing them to either credit the amount to her account or give back the check. Certified mail, return receipt, keep a copy of the letter. When they ignore the letter, sue in small claims. They will have no defense, since they did not process the check through the drawee bank. If the amount is insignificant, drop the matter, find a new bank.
If your girlfriend did not at any time in any way make any misstatement to the credit card company, then yes, the credit card company was wrong to disparage your girlfriend's credit. She can demand anything, but don't expect any response. She can sue for defamation, but that would be
expensive and probably futile unless you have proof of your statements about those calls to the other banks. She can try small claims, but the credit card company might kick it up to superior court.
There may have been a violation of the Fair Debt Collection Practices Act, but I don't know anything about that.
Sounds like the credit card company is claiming that your girlfriend misused the "check" by depositing it in her bank. They may or may not be right; if they're right, they didn't defame her or do anything else wrong. The unsolicited promotional "checks" I often get come with restrictions that allow them to be used only for balance transfers, merchandise purchases, or the like, but not for turning into cash. Her converting one to cash by depositing it in her bank may well have violated the restrictions on the "check". If this is so, her action may be a breach or misrepresentation that would justify bouncing the "check"; I doubt she's so sophisticated that she knew enough about
what she was doing to escalate it to bank fraud. And banks get really wary around customers who have accounts closed for bouncing checks; if she's unlucky, she's already in Chexsystems' records and will have the devil of a time getting a new account elsewhere.
Figure out whether your girlfriend is as innocent in this as you think -- whether her use of the "check" was permitted by the terms it came with -- then get her a good lawyer to clean this mess up.
It was not only "improper" it was illegal, as was divulging personal
information.
The bank is in violation of the Federal Privacy Act and FTC banking
regulations.
Send a letter to the bank, with a copy to the FTC and your State's banking department demanding full restitution and damages plus clearing any unverfied information from her credit reports and any inter bank informational reports.
The credit card company may be liable, but it was the bank that broke several laws.
Orignal From: Does the credit card company violate
Monday, September 29, 2008
Owns VoteForTheMILF.com
Owned through GoDaddy. Talk about sexist... what is the Campaign thinking?
read more | digg story
Orignal From: Owns VoteForTheMILF.com
read more | digg story
Orignal From: Owns VoteForTheMILF.com
Tuesday, September 23, 2008
'Virtual Debit Card' - throwaway online credit card
Virtual Debit Card - from paypal
Those of you that are jealous of the Visa throwaway credit card that creates a new unique one-time use number for your online transactions can stop worrying, anyone can now get on the fun! Paypal will offer this service FREE to all users once it leaves beta, meaning you'll have alot less headache worrying about credit card theft and security.
read more | digg story
Orignal From: 'Virtual Debit Card' - throwaway online credit card
Those of you that are jealous of the Visa throwaway credit card that creates a new unique one-time use number for your online transactions can stop worrying, anyone can now get on the fun! Paypal will offer this service FREE to all users once it leaves beta, meaning you'll have alot less headache worrying about credit card theft and security.
read more | digg story
Orignal From: 'Virtual Debit Card' - throwaway online credit card
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