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Wells Fargo Profit Up 17%

The nation's largest mortgage lender said revenue from mortgage banking jumped almost 80% and consumers borrowed more on their credit cards. But it called the economic recovery uneven.

 

FBI sting nabs about 24 alleged online credit card scammers

Credit Cards

U.S. and international law enforcement officials arrested dozens of suspects around the world in what they called the largest ever such action against online credit card scammers.

 

Cellphone trade show kicks off in New Orleans

CTIA Wireless, the U.S. cellphone phone industry's annual trade show that starts Tuesday, is drawing heavy participation not just from the cellphone industry, but from MasterCard, Visa, and other companies in the business of moving money around.

 

MasterCard confirms major credit card data theft

Credit Cards

Law enforcement officials are investigating what appears to be a massive theft of U.S. consumers' credit card data, MasterCard confirmed Friday.

 

Card Issuers to Test Mobile Wallets

J.P. Morgan, Capital One and Barclays plan to let customers use a mobile-payments service being developed by wireless carriers as part of a trial set to begin this summer.

 

Bits Blog: Zappos Says Hackers May Have Accessed Customer Account Details

Zappos.com Hacked

In a letter posted on the Zappos Web site, the company's chief executive said a "criminal" might have obtained customers' names, addresses, phone numbers and partial credit card information.

 

Verizon Wireless nixes Google Wallet in new phone

Google Wallet

Verizon Wireless is blocking Google's new flagship phone from supporting Google's attempt to make the smartphone the credit card of the future. In blocking the Google Wallet software from running on the new Samsung Galaxy Nexus, Verizon Wireless said Tuesday that it was waiting to provide a wallet application until it can offer "the best security and user experience." Verizon and rivals AT&T Inc. and T-Mobile USA are part of a consortium called ISIS that is planning its own payment system.

 

Best credit cards of 2011

The editors at CardRatings.com pick their favorite cash-back and low-interest cards

 

N.Y. waiters allegedly stole credit-card data for fraud ring

Waiters allegedly skimmed customer data and passed it to associates who made counterfeit cards to buy luxury merchandise and sell it.

 

MasterCard hits all-time high on strong growth

MasterCard hits all-time high on strong growth

MasterCard Inc reported sharply higher third-quarter profit on Wednesday, easily beating Wall Street estimates on double-digit increases in volumes.

 

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