This Kid Got Charged $300K for Pizza

Personal Finance

This Kid Got Charged $300K for Pizza

This Kid Got Charged $300K for Pizza

The world’s most expensive pizza costs $178 and is made of some rare, fine ingredients, according to the Guinness Book of World Records, so it’s fair to say the kid who was billed $300,000 for a Domino’s pie was seriously overcharged. Nathaniel Bolwell, a 19-year-old in the U.K., made a late-night pizza order to Domino’s… Read More

A New Push to Make College Debit Cards Fee-Free

Students

A New Push to Make College Debit Cards Fee-Free

A New Push to Make College Debit Cards Fee-Free

Some members of Congress are trying to stop banks and colleges from aggressively marketing debit cards as a way for college students to receive their financial aid. The use of debit cards isn’t itself problematic, but the cards carry high fees that can chip away at the student’s aid, and students often aren’t aware of… Read More

Americans Are More in Love With Prepaid Cards

Credit Cards

Americans Are More in Love With Prepaid Cards

Americans Are More in Love With Prepaid Cards

American consumers have grown increasingly fond of reloadable prepaid cards, putting about $65 billion of their money on them in 2012 — double the amount loaded in 2009. And the cards are much more user-friendly and have fewer fees than when they arrived on the scene several years ago, says a new report from The Pew… Read More

Credit Cards vs. Debit Cards: What’s Safer?

Credit Cards

Credit Cards vs. Debit Cards: What’s Safer?

Credit Cards vs. Debit Cards: What’s Safer?

The epic personal data breach at Target stores across the country was an unhappy Christmas surprise for consumers: an estimated 40 million shoppers’ account numbers were stolen by hackers. While there remain many unanswered questions—how something like this could have happened and why it took so long for Target to discover and report the crime,… Read More

Debt Is Driving People to Shop With Cash

Personal Finance

Debt Is Driving People to Shop With Cash

Debt Is Driving People to Shop With Cash

The majority of Americans (56.4%) used cash for some of their holiday shopping last year, according to a survey of consumers conducted by Credit.com, and about 20% said they would use cash and debit cards more this year than they did in 2012. People use a variety of payment methods throughout the season for different… Read More

Is the Swipe Fee Settlement Battle Really Over?

Credit Cards

Is the Swipe Fee Settlement Battle Really Over?

Is the Swipe Fee Settlement Battle Really Over?

Visa and MasterCard have agreed to pay $5.7 billion in a class-action settlement — believed to be the largest U.S. antitrust class action ever — regarding fees charged to merchants each time a customer uses a credit or debit card. Judge John Gleeson of the U.S. District Court in Brooklyn, N.Y., approved the settlement Dec…. Read More

Should You Use Credit or Debit When Shopping Online?

Credit Cards

Should You Use Credit or Debit When Shopping Online?

Should You Use Credit or Debit When Shopping Online?

There’s nothing wrong with shopping online — it’s fast, easy and convenient — but it’s also important to make sure you know and trust the online companies you’re frequenting. We recently received this question from a reader on how to cyber-shop safely: “I use my credit card to make purchases online and usually receive these… Read More

Federal Reserve Opts Not to Change Debit Card Swipe Fee

Credit Cards

Federal Reserve Opts Not to Change Debit Card Swipe Fee

Federal Reserve Opts Not to Change Debit Card Swipe Fee

Federal regulators drew a lot of ire from payment processing companies a while ago when they placed limits on the amount those companies could charge to merchants for accepting debit payments, but the nation’s central bank recently reaffirmed its stance on these fees and said it would not allow them to be changed. The current… Read More

Federal Reserve to Investigate Credit, Debit Card Usage

Credit Cards

Federal Reserve to Investigate Credit, Debit Card Usage

Federal Reserve to Investigate Credit, Debit Card Usage

These days, consumers’ habits for making everyday purchases are changing considerably, and now the nation’s central bank will look into just how those preferences have evolved over the past few years. The Federal Reserve will soon launch a new study to determine just how much consumers make certain types of electronic and check payments these… Read More

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