Business Credit Cards In The News:
Credit Card Users Keep Getting Squeezed, Rates and Fees Rising (US News & World Report) Credit card issuers are taking a number of responses that will make life more difficult for small-business owners who rely on credit card debt. CreditCards.com: Weekly Credit Card Rate Report (Business Wire via Yahoo! Finance) AUSTIN, Texas----Annual percentage rates for new credit card offers rose this week, according to the CreditCards.com Weekly Credit Card Rate Report. However, that move was due to a change in the composition of cards offered rather than any APR increases by banks. Cotton Traders tightens credit card protections (Computing.co.uk) Angelica Mari, Computing , Thursday 20 November 2008 at 11:26:00 Retailer deploys 'tokenisation' middleware Clothing manufacturer Cotton Traders has increased customer payment data security to become compliant with the Payment Card Industry Data Security Standard (PCI DSS). The company is deploying 'tokenisation' middleware which ensures that credit card details are ... Bank of America Sees Record Credit Card Losses (New York Times) Bank of America Chief Executive Kenneth Lewis said on Tuesday the U.S. economy will get worse before it improves, and forecast record losses for the U.S. credit card industry. Fitch Assigns Rating Outlooks to $313B of U.S. Credit Card ABS; Affirms Ratings (Business Wire via Yahoo! Finance) NEW YORK----Fitch today announces the assignment of Rating Outlooks to $313 billion of outstanding credit card asset backed securities issued from 22 master and issuance trusts. In conjunction with the assignment of the Rating Outlooks, all corresponding credit card ABS ratings are affirmed.
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