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Visa Launches Campaign to Promote Prepaid Card Benefits

Visa Launches Campaign to Promote Prepaid Card Benefits

Visa Inc. has announced the first phase of a national marketing campaign to raise consumer awareness about the benefits of using reloadable prepaid debit cards instead of cash for purchases.  The campaign is designed to reach financially underserved...
Alleged International Hacking Ring Caught in $9 Million Fraud

Alleged International Hacking Ring Caught in $9 Million Fraud

Sergei Tsurikov, 25, of Tallinn, Estonia; Viktor Pleshchuk, 28, of St. Petersburg, Russia; Oleg Covelin, 28, of Chisinau, Moldova; and a person known only as “Hacker 3;” have been indicted by a federal grand jury in Atlanta, Ga., on charges...
Man Indicted After Records of Than 130 Million Credit And Debit Cards Allegedly Stolen

Man Indicted After Records of Than 130 Million Credit And Debit Cards Allegedly Stolen

Albert Gonzalez, 28, of Miami, Fla., has been indicted for conspiring to hack into computer networks supporting major American retail and financial organizations, and stealing data relating to more than 130 million credit and debit cards. In a two-count...
Bank, Credit Card Fees Can Sink a Typical U.S. Household Budget

Bank, Credit Card Fees Can Sink a Typical U.S. Household Budget

The typical U.S. household pays $500 a year in bank and credit card fees and interest, more than half of which could be avoided How People Arrived Here: typical interest fee for credit card
Mozambique’s Second Largest Bank Posts $19.4m Profits in 2008

Mozambique’s Second Largest Bank Posts $19.4m Profits in 2008

Mozambique’s second largest bank, the BCI Commercial and Investment Bank, has announced its 2008 operational profits amounting to $19.4 million, a 19% increase compared to 2007. The BCI’s operational report availed to APA on Friday showed that 75%...
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