With fraud increasing, credit card issuers are looking for more ways to offer better security. Many card issuers are calling their new cards “Dynamic” in that they are going to have constantly changing passwords. With an increase of 43 percent in two years, the UK companies have decided that they have to crack down on internet, telephone, and mail order shopping. The chip and pin is not offering protection to these types of transactions.
Read the rest of this entry »

More talk has occurred regarding credit card cheques. It was announced several months ago that the FTC would be looking for tougher regulations regarding credit card companies. With numerous complaints from credit card holders, the FTC decided they should address the credit card cheque issue. Credit card holders have been receiving these cheques in the mail without asking for them. It is actually a known process for the companies to send out these cheques. However, consumers are worried about fraud.
Read the rest of this entry »

The government in the UK has finally produced some steps to curb the credit card industry. The question still remains though, is it too small a help and is it already too late to benefit most UK citizens? What exactly is included in the White Paper that the government released? Will it affect credit cards like the zero percent balance transfer or the credit cards instant decision cards that have been so popular in recent years?
Read the rest of this entry »

You need to compare credit cards before you add a new card to your wallet. Today there are over 300 different products on the market, and many of them have similarities only an in depth credit card comparison can help you find. We have some tips on how to best compare the credit cards you are looking at to help you get the best card in your wallet.
Read the rest of this entry »

While at one time having ID cards was going to be compulsory it seems that the British government has changed its mind. The general public will still be able to have one of the ID cards, but it will be up to them to decide. It was thought that having these ID cards would help with terrorism, at the airports for security and to help prevent identify theft when citizens use their credit cards.
Read the rest of this entry »

Airmiles is one of the longest running loyalty programmes in the United Kingdom offering reward points for individuals with their credit cards. In an announcement this week it was determined that over 1.7 million customers received notice that they may lose their airmiles.
Read the rest of this entry »

Credit card fraud has become such a problem in places like the UK and US that these countries have tried to rectify the problem. In India a gang of four people were arrested. They were suspected of the fraud by police when they arrived in the capital.
Read the rest of this entry »