Almost one in five people experienced a reduction in household income during the first full month of lockdown in April, according to estimates from the Office for National Statistics. The number of people claiming for unemployment benefits surged by almost 70% to reach about 2.1 million, in an early sign of rising job losses across Britain. … [Read more...] about UK banks granted 1.5m payment holidays on credit cards and loans
Personal credit cards for business
“It is also a credit grading system, with 300 being the lowest grade like an ‘F’ in a report card and 850 being the highest which would be an ‘A’ or distinction in your report card. It is also used amongst other criteria to determine the interest rate, you will be charged if a lender decides to approve the credit line or loan. … [Read more...] about Firm launches credit rating system to Nigerian market
Hotel chains focus on hospitality, but their security practices have made them entirely too hospitable a target for data theft. Hotels have been brutalized over the past year by a wave of point-of-sale system breaches that have exposed hundreds of thousands of guests' credit card accounts. And those attacks, as a recent episode described by Panda Security's Luis Corrons demonstrates, have become increasingly targeted—in some cases using "spear-phishing" e-mails and malware crafted specifically for the target to gain access to hotels' networks. … [Read more...] about Checking in with spear phishing, criminals check out with hotel credit card data
The banks reckon we are confidently adopting the technology, but there are some who are much less comfortable. As Thomas says: “As I get older and more forgetful, I am more likely to lose my card and I may not realise I have lost it immediately. I could lose a lot of money before I contact the bank and cancel my card. It seems unfair that this particular technology is being foisted on us.” … [Read more...] about Contactless payments: should banks force us to use them?
NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus. … [Read more...] about Goldman Sachs president says bank on track to meet growth goals