February 6, 2012 |
About 610,000 U.S. bank customers switched to a smaller institution in the last three months of 2011 to protest plans by major banks to impose monthly charges for using debit cards, according to a financial services market-research firm. That represented 11% of the 5.6 million U.S. people who switched banks during that period -- a relatively modest number, Javelin Strategy & Research said in a report Monday. Javelin said it analyzed the online responses of 5,878 people to gauge the effect of the backlash triggered by Bank of America Corp.'s plan to charge $5 a month to customers who used their debit cards for purchases.
June 17, 2012 |
Use of reloadable prepaid cards - which can be used like credit and debit cards yet require no bank account or credit check - is surging. But the cards have a variety of drawbacks to consider. • Fees. Reloadable prepaid cards can come with a confusing array of fees - for activation, monthly maintenance, transactions, ATM cash withdrawals, balance inquiries, customer service calls, adding money to the card, inactivity and more. Each card's fees are different, so be sure to read the fine print.
November 24, 1996
While renting a car at Budget Rent a Car at San Francisco Airport recently, I was informed that they would no longer honor debit cards, regardless of their association with Visa. I contacted Budget to be told only that they have had "too many problems with debit cards" and will no longer accept them as payment. I find this contradictory to the highly touted message of "Use it just like a Visa." Readers should be aware that if they possess a debit card with a Visa logo, Budget will not accept this as a form of payment or as a reservation hold.
April 2, 2012 |
Data from up to 1.5 million credit and debit cards from all major card brands, including MasterCard, Visa and Discover, may have been stolen in a data breach at processing firm Global Payments Inc. But so far, the company does not know of any fraudulent transactions on infiltrated accounts, said Chief Executive Paul R. Garcia in a conference call with analysts on Monday. The hack was confined to North America, he said. And while card numbers may have been swiped, the company said in a statement late Sunday that cardholder names, addresses and Social Security numbers are safe.
CALIFORNIA | LOCAL
November 2, 2010 |
California welfare recipients will no longer be able to use their state-issued debit cards at medical marijuana shops, psychics, massage parlors and many other businesses whose services have been deemed "inconsistent" with the goals of the program. The Schwarzenegger administration sent a letter to county welfare directors Monday announcing that ATMs and point-of-sale card readers in such business will be removed from the network that accepts California's Electronic Benefits Transfer cards.
March 28, 1997 |
Touted as the way to reduce welfare fraud, electronic debit cards are only as good as the people who accept them, Houston undercover officers discovered. Police opened their own convenience store and, if asked, gave cash instead of food to welfare recipients with the cards. They got their first request in a few days and after 10 weeks, 225 people allegedly wanted in on the deal, police said Wednesday.