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Tag Archives: plastic

UK cards: Long balance transfers, skimpy signup bonuses

Jenny Hoff

Pretty much everything is more expensive in the United Kingdom than in the U.S., including credit cards, but that’s not stopping British shoppers from turning to plastic for purchases. After having written several stories on the lavish reward opportunities that…
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Security invention would embed data into credit card plastic

Jay MacDonald

America’s existing credit card system — embossed account numbers on the card face and the magnetic stripe on the reverse side — is ready for retirement. But we have trouble getting rid of it, due to the immense cost of replacing obsolete payment terminals that date back to the Nixon administration. An alphabet soup of potential replacements — NFC, EMV, chip and PIN — have been trotted out. But a new process announced by a scientist in Great Britain promises to embed the data of both features directly into the card, obviating the need for holograms and other doodads.
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In an about-face, NYC cabbies now say they love plastic

Jeremy Simon

For nearly two years, news reports have chronicled New York City cab drivers’ love-hate relationship with credit cards — with an emphasis on the hate. In an abrupt shift, NYC cabbies are now confessing a change of heart toward plastic payments.
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Criminal Charges: Volume XXII — Fraudsters on holiday

Jeremy Simon

The credit card crime stories assembled for this week’s edition of Criminal Charges show that when fraudsters take a trip, it is often at the expenses of law-abiding cardholders. Proving that point, we have a trio of Malaysians who ran up some major fraudulent charges while vacationing in New Zealand, a Massachusetts travel agency that scammed its customers and a Vermont thief who proved just how cold ski vacations can be.
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Criminal Charges: 2008 in review

Jeremy Simon

It’s been an eventful first year for Criminal Charges, my weekly look at what happens when criminals and credit cards meet. To celebrate the impending end of 2008, I’ve decided to put together a look back at some of the unusual and audacious crimes involving plastic that have been included in this blog column so far. Hope you enjoy re-connecting with some of our favorite fraudsters.
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