Credit card
hideA credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.
A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.
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News tagged with credit card
Russia's hackers pose growing global threat
Dec 30, 2008 |
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Not long ago, the simple, anonymous thrill of exposing chinks in American software was enough of a payoff for a Russian hacker.
Framed for child porn -- by a PC virus
Nov 08, 2009 |
5 / 5 (6) |
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(AP) -- Of all the sinister things that Internet viruses do, this might be the worst: They can make you an unsuspecting collector of child pornography.
Security ID cards with built-in holograms (w/ Video)
Dec 01, 2009 |
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(PhysOrg.com) -- Plastic cards with security features are ubiquitous these days, having a wide variety of uses such as credit cards, employee cards, licenses, and so on. Many have holographic images, but they ...
Cyber-criminals targeting social networks: experts
Jul 30, 2009 |
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Facebook, MySpace and other social networking sites are inceasingly being targeted by cyber-criminals drawn to the wealth of personal information supplied by users, experts warn.
Research finds customers' fixation on minimum payments drives up credit card bills
Oct 06, 2008 |
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New research by the University of Warwick reveals that many credit card customers become fixated on the level of minimum payments given on credit card bills. The mere presence of a minimum payment is enough to reduce the ...
Using your car key as a credit card?
Oct 22, 2008 |
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(PhysOrg.com) -- BMW Group Research and Technology and NXP Semiconductors, the independent semiconductor company founded by Philips, have unveiled a prototype of the world’s first multifunctional car key. The prototype features ...
Bogus security software growing threat: Microsoft
Apr 08, 2009 |
4 / 5 (4) |
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Hackers are increasingly hiding viruses in bogus computer security software to trick people into installing treacherous programs on machines, Microsoft warned on Wednesday.
A few pennies for your thoughts -- and credit card
Apr 14, 2009 |
4.3 / 5 (3) |
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(AP) -- One economy apparently isn't hurting these days - the one run by identity thieves in the dark corners of the Internet.
Conficker worm hits University of Utah computers
Apr 12, 2009 |
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(AP) -- University of Utah officials say a computer virus has infected more than 700 campus computers, including those at the school's three hospitals.
Delving into the murky metrics of financial risk
Feb 25, 2009 |
4 / 5 (2) |
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(PhysOrg.com) -- The way J. Michael Collins sees it, United States consumers aren’t necessarily less informed about financial risk than consumers from other industrialized nations. What Americans do have, ...
Pay babysitter on iPhone, says Twitter
Electronics / Consumer & Gadgets
Dec 09, 2009 |
2.7 / 5 (3) |
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Microblogging service Twitter has branched into the market for electronic payments, unveiling a mini credit card swiper that plugs into the iPhone, at a European internet fair on Wednesday.
Breaches emphasize need for scanning, encryption
Mar 17, 2009 |
5 / 5 (1) |
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Recent news reports indicate a computer containing confidential information about the helicopter that transports President Barack Obama was breached by a computer in Iran. In January, Heartland Payment Systems, a company ...
Mom and dad as financial advisors
Other Sciences / Social Sciences
Jul 27, 2009 |
5 / 5 (1) |
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Why are so many students deep in debt before they finish college, only to take on more debt as they begin their careers? The answer may be found by looking at the social forces that shape the attitudes and behaviors of today's ...
Ticketmaster finds another way to cut out scalpers
Sep 17, 2009 |
2.5 / 5 (2) |
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(AP) -- Ticketmaster Entertainment Inc. has developed a new way to resell tickets that shuts out the brokers and scalpers it has long scorned, and instead keeps the profits for itself, musicians and venue ...
UK police make 2 Trojan computer virus arrests
Nov 18, 2009 |
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(AP) -- A couple suspected of helping spread some of the Internet's most aggressive computer viruses has been arrested in the English city of Manchester, police said Wednesday.
