Hacker News with Generative AI: Credit Cards

AmEx to Pay $108.7M for Deceptive Marketing and "Dummy" Account Information (justice.gov)
The American Express Company (American Express), based in New York, New York, has agreed to pay a $108.7 million civil penalty to resolve allegations that it violated the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by deceptively marketing credit card and wire transfer products and by entering “dummy” Employer Identification Numbers in the credit card accounts of its affiliate bank.

Financial Crime, Lawsuits, Banking, Credit Cards

16 points by impish9208 1 day ago | 0 comments

US credit card defaults jump to highest level since 2010 (ft.com)

Economy, Finance, Credit Cards

196 points by marban 18 days ago | 162 comments

ISO 8583: The language of credit cards (increase.com)
ISO 8583 is the standard for real-time messages communicated between acquirers and issuers through all of the major card networks.

Credit Cards, Finance, Standards, Networking

407 points by ekmartin 32 days ago | 79 comments

Risk for Americans as Credit Card Details Leaked (leakd.com)
As the festive season approaches, an estimated millions of Americans may find their Christmas at risk after a shocking data breach exposed 5 million unique credit and debit card details online

Data Breaches, Cybersecurity, Credit Cards, Consumer Protection, United States

4 points by bmcn2020 37 days ago | 0 comments

Apple's Card Was Confusing (bloomberg.com)
Who do you think would be better at designing a simple and delightful user experience for a credit card: Apple Inc., or the average bank? If you had asked me this a week ago I would have confidently said “Apple.” Banks are stereotypically confusing and legalistic; Apple is stereotypically friendly and easy to use.

User Experience, Apple, Credit Cards, Finance

11 points by ioblomov 85 days ago | 1 comments

Goldman and Apple fined $89M over US credit card programme (ft.com)

Finance, Apple, Goldman Sachs, Law, Credit Cards

7 points by mmarian 86 days ago | 2 comments

Visa to launch pay-by-bank payments, an alternative to credit cards (cnbc.com)

Visa, Payments, Financial Technology, Banking, Credit Cards

61 points by jnord 134 days ago | 64 comments

Half of American now carry credit card debt, many with no plan to pay it off (dailyitem.com)

Credit Cards, Personal Finance, Consumer Debt

19 points by speckx 158 days ago | 23 comments

Launch HN: Roame (YC S23) – Flight search engine for your credit card points (ycombinator.com)