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Month: December 2019

300 MM New Credit, Debit, Charge, Prepaid Cards in 2019

December 28, 2019 CardBuzz Staff

Global cards from the four U.S.-based payment card networks expanded by 286 million credit and debit cards-in-force (CIF), over the…

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Posted in: American Express, BUSINESS, Cards-in-Force, Discover, Mastercard, Visa

Email Scams Move Beyond Penis Enlargement & Nigerian Princes

December 27, 2019 CardBuzz Staff

Email grifts have evolved significantly over the last decade, as scammers have learned that they can extract much bigger payouts…

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Posted in: CONSUMER, Fraud, Money Laundering, Scams

Fake Stores Selling $70 Sheepskin Coats to Stupids

December 26, 2019 CardBuzz Staff

The image on the website showed a full-length coat of buttery sheepskin and plush gray fur, described as being made…

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Posted in: CONSUMER, Fraud, Social Media, Spending

NULS Blockchain Platform Hacked Does Hard Fork

CardBuzz Staff

Blockchain platform Nuls has been hacked, losing almost $480,000 worth of NULS. Nuls said it had detected that 2 million…

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Posted in: Blockchain, BUSINESS, Cryptocurrency, Fintech, Fraud, Security

Pay Check Advances Asks For “Tips” Not Interest/Fees

December 21, 2019 CardBuzz Staff

Jonathan Raines needed money. An app promised to help. He searched online for an alternative to traditional payday lenders and…

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Posted in: CONSUMER, Debt, Debt Collection, Payday Lending

Americans Jump Start Holiday Credit Card Debt

December 20, 2019 CardBuzz Staff

Americans tapping holiday credit early this year as holiday spending drove U.S. credit card debt up by nearly $8 billion…

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Posted in: CONSUMER, Consumer Debt, Debt, Economy, Retail, Spending

FAFSA Gots Lots of Glitches & Screw-Ups

CardBuzz Staff

Like millions of other parents, Julie Phipps filled out the federal form last November that determined her college-bound daughter was…

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Posted in: CONSUMER, Consumer Debt, Debt, Student Loans

Tax Cut Windfall Brings Card Profits Slowly Back to Reality

CardBuzz Staff 20 Comments

Credit card profits (after tax) among the nation’s Top 4 bank credit card issuers shriveled by 4.2% YOY (year-on-year) in…

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Posted in: Bank of America, BUSINESS, Capital One, Chase, Citibank, Profits

Without Trust Blockchain & FinTech Startups Are Doomed

CardBuzz Staff 261 Comments

For a payment company or fintech to go from startup to global unicorn, you can’t borrow trust from someone else,…

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Posted in: Apps, Banking, Blockchain, BUSINESS, Fintech, Payments, Technology

Artificial Intelligence Can Insult, Curse, Hurl Racial Slurs

December 19, 2019 CardBuzz Staff

Computers have learned to see the world more clearly in recent years, thanks to some impressive leaps in artificial intelligence. But…

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Posted in: Apps, Artificial Intelligence, Big Data, CONSUMER, Technology

New Biometric Databases to Test Error Rates

CardBuzz Staff

The National Institute of Standards and Technology (NIST) has announced the release of three new biometric databases aimed at helping…

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Posted in: Big Data, Biometrics, BUSINESS, Privacy, Technology

Public Demands Beer Boy Justice Recuse from CFPB Case

CardBuzz Staff

Several progressive organizations demand Justice Brett Kavanaugh recuse himself from an upcoming Supreme Court case over the constitutionality of the…

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Posted in: CFPB, CONSUMER, Litigation

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