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TRAVEL
October 27, 2013 | Catharine Hamm
And the winner is ... United Mileage Plus. And cash. This year, "More for Your Money" has concentrated on credit cards that can be used abroad. It can be tricky because U.S. cards, which have a magnetic stripe, aren't always accepted abroad. Much of the rest of the world uses credit cards with a smart chip that require a PIN to complete a transaction. U.S. cards are supposed to work abroad but don't always, readers have told us (and I know from my experience). So we've been hot on the trail of chip and PIN cards available in the U.S. (the choices for leisure travelers are slim)
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CALIFORNIA | LOCAL
April 27, 2014 | George Skelton, Capitol Journal
Any struggling family knows that first you put food on the table, make sure there's a roof overhead and lay in some daily essentials. Only then can you realistically think about paying down the credit card. True, you shouldn't have run wild with the card in the first place. But that's past. Now, you create a repayment plan and muster some discipline. That's where Sacramento sits currently with its daunting credit card debt. The state's annual budget that covers daily expenses is finally balanced after years of recession-plagued deficits.
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BUSINESS
September 5, 1996 | From Bloomberg Business News
General Motors Corp.'s GM Card and AT&T Corp.'s Universal Card won the top ratings in a J.D. Powers & Associates study of credit card holder satisfaction. The GM Card, offered through Household International Inc., got the highest rating among credit cards that offer rewards for frequent usage. The card, which gives users discounts on GM cars, scored a 110 rating, compared with the industry average of 105. J.D. Powers, an Agoura Hills-based marketing information firm, said the AT&T Universal Card was the highest-rated among credit cards that don't offer rewards.
BUSINESS
April 20, 2014 | Liz Weston, Money Talk
Dear Liz: I am trying to help my retired parents refinance their home. Currently they are paying over 8% interest. (This loan should be illegal.) The problem is their credit score, which is around 536. They had a tax lien in 2004 (it has been paid off for over four years) and some minor credit card issues. The total card debt is less than $1,000. I see several bad footnotes on these cards. Some of the cards have a balance of less than $100. What is the best and fastest way to help them get the mortgage they deserve?
BUSINESS
November 18, 2007 | Kathy M. Kristof, Times Staff Writer
If you're renting a car over the holidays, chances are a clerk at the counter will try to sell you some pricey insurance options. Should you fork out the extra cash? Probably not, experts say. That's because there's a very good chance the auto insurance policy you already have would kick in if you had an accident while driving a rental. And sometimes the credit card you use to rent the car offers coverage too.
OPINION
December 24, 2013
Re "U.S. a laggard in adopting more secure credit card technology," Business, Dec. 21 How did Americans wind up being the international low-hanging fruit for credit card information thieves? The Times ably explains this situation in this article. However, in the aftermath of Target's massive data breach, I'm left wondering how a country that is such a leader in technological research can fall down so badly in implementing off-the-shelf preventive measures. John Pierson Pasadena ALSO: Letters: A Snowden pardon?
CALIFORNIA | LOCAL
January 2, 1998
Credit cards: Weapons of mass consumption. MARK A. BROWN Tustin
TRAVEL
November 13, 2011 | By Tom Parsons, Special to the Los Angeles Times
Affinity credit cards — that is, a card tied to a certain organization — are a big moneymaker for the airlines, and even if you don't really need another credit card, you'll see some enticing sign-up offers designed to lure new customers. When choosing a card, look at the bonuses being offered, consider how often you fly on the airline and consider the other businesses or carriers with which the airline is affiliated. Note that many cards waive the annual fee for the first year, and spending with an affinity card is an easy way to keep your miles active.
BUSINESS
December 20, 2013 | By Chris O'Brien
More bad news for folks who used their credit cards at Target during the holiday shopping season. Many of the 40 million credit cards that the company says were part of the data breach are already for sale on black markets around the world. That report comes from KrebsonSecurity , the website run by cyber-security reporter Brian Krebs, who initially broke the story about the Target breach. On Friday, Krebs posted another story detailing how he had tracked down phony cards made using information that was stolen as part of the Target data breach: STORY: Target data theft fuels new worries on cybersecurity " Credit and debit card accounts stolen in a recent data breach at retail giant Target have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card, KrebsOnSecurity has learned.
BUSINESS
August 26, 2012 | By Stuart Pfeifer
Here is a roundup of alleged cons, frauds and schemes to watch out for. Online auction escrows - Winners of online auctions have been scammed by people who propose using an escrow service to handle sales from auction websites, according to the Internet Crime Complaint Center. Perpetrators in this scheme assemble phony escrow sites that appear legitimate. The victims then send money to the escrow site, but the merchandise never arrives, according to the agency, which is a partnership of the FBI and National White Collar Crime Center.
BUSINESS
April 18, 2014 | By Salvador Rodriguez
Google has begun contacting customers and offering them the chance to try out the company's Glass wearable device before committing to pay $1,500 for the gadget. The company is offering to send those users trial kits that come with Glass units in four different color options along with the device's various frame styles. "We've heard from potential Explorers that they'd love to be able to try Glass on at home before committing to purchase it," a Google spokeswoman said in a statement.
CALIFORNIA | LOCAL
April 15, 2014 | By Jeff Gottlieb
When three city officials were arrested trying to shake down a marijuana dispensary owner, Cudahy was branded a town where bribes were routine and elections were rigged. On Tuesday, state officials added one more indignity to Cudahy's battered reputation: a city with a staggering inability to keep an eye on public funds. In a damning audit, the state controller concluded that leaders in the working-class town used city-issued credit cards for excessive travel, meals and entertainment, mismanaged state funds and had virtually no internal controls to prevent the misuse of taxpayer dollars.
BUSINESS
April 6, 2014 | By Marc Lifsher
SACRAMENTO - The recent hacking of customer data from Target Corp. computers is roiling the California Legislature. Last week, two members of the Assembly touted a bill to strengthen consumer safeguards and limit the type of information collected and retained by retailers. The measure, AB 1710, may trigger one of the year's biggest disputes over business-related legislation. "It'll be a big fight, a tough fight," said Bill Dombrowski, president of the California Retailers Assn.
CALIFORNIA | LOCAL
March 22, 2014 | By Carla Rivera and Kate Mather
In the wake of some wide-ranging breaches in credit card data, Mastercard and Visa this month announced an initiative to increase payment security, including expanding chip technology in the U.S. “The recent high-profile breaches have served as a catalyst for much-needed collaboration between the retail and financial services industry on the issue of payment security,” Ryan McInerney, president of Visa Inc., said in a statement this month....
CALIFORNIA | LOCAL
March 22, 2014 | By Kate Mather and Carla Rivera
The California Department of Motor Vehicles said Saturday that it is investigating a potential security breach of its credit card processing services, but officials said the agency had no immediate evidence that its computer system had been hacked. The DMV was alerted by law enforcement officials about the possible breach and has "heightened monitoring" of all of its Web traffic and credit card transactions, the agency said in a prepared statement. The agency is also in contact with credit card companies and the vendor who processes its online transactions.
CALIFORNIA | LOCAL
March 22, 2014 | By Kate Mather and Carla Rivera
MasterCard said Saturday said it was investigating reports that the California Department of Motor Vehicles may have suffered a breach of credit card data involving online transactions for agency services. MasterCard is “aware of and investigating” reports of a potential breech, spokesman Seth Eisen told The Times. He said the company was communicating with its customers but could provide no details on information that may have been compromised or how many cardholders may be affected.
CALIFORNIA | LOCAL
March 22, 2014 | By Kate Mather and Carla Rivera, This post has been updated, as indicated below.
The California Department of Motor Vehicles said Saturday that it was investigating a potential security breach of its credit card processing services, but officials said the agency had no immediate evidence that its computer system had been hacked. The agency "has been alerted by law enforcement authorities to a potential security issue," a DMV spokesman said in a statement. "There is no evidence at this time of a direct breach of the DMV's computer system," the statement said.
BUSINESS
March 17, 2014 | By Ricardo Lopez
Sally Beauty Holdings Inc., the Texas-based hair and beauty products retailer, said Monday that a recent data breach affected fewer than 25,000 payment cards. The company disclosed the breach earlier this month, but an investigation by a data forensics team from Verizon is now beginning to provide more information into how many customers were affected. Sally's data breach occurred only a few months after significant data breaches disclosed by other retailers, including Target Corp.
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