Credit Card News - July 2010 Archive History

Credit Card News - July 2010 

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  'Consumers concerned' mobile banking will turn phone into credit card

  Mobile phones could effectively become similar to no-limit credit cards, consumers have warned. Consumers are concerned that making a transaction with a mobile phone could lead to it effectively becoming a no-limit credit ...

  Fri 30th Jul, 2010
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  CMC finds minor issues of non-compliance on corporate credit cards

  A Labour party candidate has been cleared of any official misconduct, although he was found to have credit card issues. The Crime and Misconduct Commission (CMC) has declared there were minor issues of non-compliance on ...

  Fri 30th Jul, 2010
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  Expert: ANZ Extras is part of innovation in savings account market

  Those choosing the ANZ Extras product should be aware there is an $18 fee per month. The new ANZ Extras product is part of innovation in the transaction and savings account market, according to one industry expert.John ...

  Thu 29th Jul, 2010
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  Survey: Credit card and loan applications dropped 0.2% in April-June

  The consumer credit demand in Australia is yet to return to the situation it was in before the global financial crisis, one report has said. Credit card and personal loan applications have decreased by 0.2 per cent from the ...

  Wed 28th Jul, 2010
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  Branson launches credit cards and online savings account in Australia

  New Virgin credit cards and an online savings account have been launched. Sir Richard Branson has returned to Australia and announced the launch of new credit cards and an online savings account.The entrepreneur announced he ...

  Wed 28th Jul, 2010 (1 Comment)
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  Anticipating the offenders: A strategic view of credit card prevention

  Credit card fraud along with other payments frauds has made bank robbery a thing of the past. For banks and financial institutions, fraud prevention has always been a major concern as fraud such as credit card fraud is a cost ...

  Tue 27th Jul, 2010
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  Credit card providers making nearly $90m 'by not following RBA rates'

  Providers of credit cards have managed to make nearly $90 million from ignoring official Reserve Bank of Australia rates, analysis has shown. Credit card companies have netted close to $90 million after ignoring the official ...

  Tue 27th Jul, 2010 (1 Comment)
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  Swiping credit card as a ticket could stop "sleazebag" scalpers

  Scalpers at cricket matches could be a thing of the past if new ticket suggestions are approved. Credit cards could be swiped at cricket matches in order to prevent scalpers, one report has revealed.Cricket Australia's Peter ...

  Mon 26th Jul, 2010
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  Christian course teaches people how not to live off Aussie credit

  A church in Penrith is offering a free course to help those with financial issues. Trying to live off Aussie credit could be a problem for some, but one church is putting on a course to help people through financial ...

  Fri 23rd Jul, 2010
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  Aussie credit unions 'offer some of the cheapest home loan rates'

  Some of the cheapest home loan rates can be found at Aussie credit unions and building societies, one publication has noted. Aussie credit unions offer some of the cheapest home loan rates on the market, according to one ...

  Thu 22nd Jul, 2010
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  Police: Credit card fraud scheme targeting jobseekers

  Jobseekers are being targeted by a credit card fraud syndicate, police have noted. A credit card fraud syndicate has been targeting vulnerable jobseekers, according to police.Large sums of money is being offered to "dispatch ...

  Thu 22nd Jul, 2010
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  Credit card company finds 'Aussies are still wining and dining'

  Wining and dining are the main priorities of Australians, a survey has found. A credit card company has found that when Aussies are spending it is on wining and dining.A survey by Mastercard has revealed that 65 per cent of ...

  Wed 21st Jul, 2010
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  Don't throw Aussie credit receipts away 'unless ripped or shredded'

  Bank account statements should be properly disposed of to protect against identity theft, one company has noted. One company is advising people not to throw away their Aussie credit receipts unless they have been ripped up or ...

  Wed 21st Jul, 2010
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  Interest rate on credit cards 'has been creeping up'

  Some credit cards now charge a 20 per cent interest rate, one industry expert has noted. The interest rate on credit cards has been increasing over recent months with the majority now charging around 20 per cent.This is ...

  Tue 20th Jul, 2010
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  Commonwealth Bank: Debit and credit card transaction value drops 0.3%

  The latest Commonwealth Bank Business Sales Indicator has revealed that the transaction value of debit and credit cards reduced in June. The transaction value of debit and credit cards has decreased by 0.3 per cent in trend ...

  Tue 20th Jul, 2010 (1 Comment)
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  Interest-free shopping could be cheaper than using a credit card

  It may be better for consumers to use an interest-free payment option when shopping instead of a credit card, one industry expert has noted. A credit card may not be the cheapest way to go about purchasing products, according ...

  Mon 19th Jul, 2010 (1 Comment)
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  Supermarket chain credit card choice defended by subsidiary

  Dick Smith Electronics has defended a credit card choice made by Woolworths. A supermarket chain subsidiary has defended its decision to no longer enable consumers to access their funds via credit card networks in its ...

  Fri 16th Jul, 2010
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  Vendors can receive Aussie credit for WatchGuard sales

  Vendors who sell WatchGuard products could join a reward program that enables them to Aussie credit. Network protection service WatchGuard has introduced a new safety program- Security Pays - which could also help vendors to ...

  Fri 16th Jul, 2010 (1 Comment)
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  Avoid online credit card transactions in Wi-Fi zones, expert says

  Logging on to a financial website when connected to the internet via Wi-Fi might not be a good move, according to one antivirus software manufacturer. People should avoid making credit card transactions or any other purchases ...

  Thu 15th Jul, 2010 (1 Comment)
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  Australian jewellers targeted in credit card scam

  A Singaporean credit card scam is targeting Australian Jewellers. A host of Australian jewellers have been targeted by a credit card scam.The con is the responsibility of a Singaporean jewellery buying syndicate, which start ...

  Wed 14th Jul, 2010