Payment holidays are being offered for up to three months on credit cards and loans under guidelines published by the Financial Conduct Authority, the City watchdog. Mortgage repayment holidays can also be requested up until the end of October, with about 1.8m approved so far. … [Read more...] about UK banks granted 1.5m payment holidays on credit cards and loans
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If you are struggling with debt and cashflow, Ms Westcott says the first step is to take proper stock of your situation. Although it’s advice she’d give her clients regardless of a pandemic, she says this will help you see which areas you have influence over, especially during these uncertain financial times. … [Read more...] about Credit card debt Australia: What to do if you’re struggling right now
Adding she was disgusted that the person who was supposed to be looking after her dad stole from him, she said: "I would want to know how she would feel if someone did that to a loved one of hers - whether it was a parent or grandparent. I don't think when people do these things they think of it like that." … [Read more...] about Nurse ‘stole and used credit card from patient as he was dying from coronavirus’
Surely that metaphor is a little hyperbolic, but without a monetary incentive it's difficult to convince merchants that they need to buy new terminals, even if credit card companies are already issuing cards with embedded chips to customers. Square is pioneering a product for small-scale businesses to equip themselves for the October 2015 transition, and it thinks it will make quite a bit of money off that. “Let’s just say, we’re a five-year-old company that’s spent more than a year anticipating a shift that’s more than a year away,” a spokesperson at Square told Ars in an e-mail. Even at that, the Square EMV reader isn't a true chip-and-PIN solution yet, because at launch it won't be able to accept a PIN from the card holder—the reader is currently only set up to accept a signature to verify the card details. … [Read more...] about Chip-based credit cards are a decade old; why doesn’t the US rely on them yet?
NEW YORK (Reuters) - Credit card spending among some of JP Morgan Chase & Co’s U.S. customers fell 40% during March and early April compared to last year, as Americans stayed home to protect against the novel coronavirus, according to a new report on Thursday. … [Read more...] about JPMorgan’s U.S. credit card holders spent 40% less due to coronavirus