accountHundreds of “credit hackers” are legally gaming financial institutions by taking advantage of loopholes in the U.S.
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CREDIT CARD INDUSTRY
The credit card industry is one of the largest financing businesses in the world. Total U.S. consumer revolving debt -- largely debt on credit cards -- reached $962 billion in 2008. American Express issued what is considered the first widely accepted plastic charge card in 1958. The top five credit card companies are Bank of America, JP Morgan Chase, Citigroup, Amex, and Capital One. Also well-known are Discover Card, HSBC, Washington Mutual, Wells Fargo, and USAA.
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4/29/09 Press release: U.S. Treasure on meeting to discuss the national need for credit card reform. The discussion...
In response to the increased threat of identity thefts and fraudulent credit card charges, governments around the world...
A recent national survey reveals that companies expect to be compliant with PCI standards within the next 18 months but...
It's never been easier to whip out your credit or debit card, use it and go, thanks to the increasing number of...
Top Sources: Credit Card Industry
- Forbes.com
- wired.com
- chicagotribune.com
- imprivata.com
- treasury.gov
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