Credit card news, Oct - Dec 2007

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Abbey Credit Cards: Millions will switch in the New Year

31 December 2007

Britons will be switching credit card providers in their droves in the New Year, Abbey have said.

EU rules on card charges

20 December 2007

The EU has demanded that credit card suppliers must cut the fees that they charge retailers for their authorisation services - a move which could result in significant price savings for consumers.

Sainsbury's predicts high rate of Christmas spending

18 December 2007

Despite recent gloomy economic predictions from analysts, Britons still appear to be spending big this Christmas.

Elderly 'fear fraud' online

17 December 2007

The fear of being defrauded through surfing the web - such as being caught up in a credit card scam - is stopping many older people from going online.

Egg reveals extent of festive panic buying problem

14 December 2007

Credit card provider Egg said yesterday that frantic gift-buyers are in line for a £594 million festive overspend this Christmas - due to poor planning resulting in panic buying.

Cash withdrawals on the up

13 December 2007

Consumers seem to be using cash to fund their retail purchases for Christmas - potentially at the expense of credit cards.

Post Office issues card charge warning

12 December 2007

People planning a festive holiday abroad could be hit by a "hidden" credit card charge, the Post Office said yesterday.

Abbey detects personal finance 'weight problems'

11 December 2007

Just 1% of Britons are fighting fit in keeping complete control over their personal finances, new research from Abbey has shown.

uSwitch reveals interest costs of store cards

10 December 2007

Britons will be left out of pocket by some £2.8 billion over the next year through the use of high-interest store cards over the festive season, new research from uSwitch has shown.

APACS releases online shopping

30 November 2007

Payments association APACS said yesterday that British shoppers - set to spend £5 billion online this Christmas - should keep their credit card details secure while using the internet.

Customers are heeding fraud advice say APACS

29 November 2007

Payments association APACS has released the results of a new consumer poll regarding the recent security lapse at HM Revenue & Customs (HMRC).

Sainsbury's releases festive spending update

27 November 2007

UK spending for the festive season has already topped £6 billion, new research from Sainsbury's shows.

Credit changes may affect Christmas spending

26 November 2007

Further evidence for the tightening-up of consumer credit in the UK has come from accountants PricewaterhouseCoopers (PwC).

Credit limits cut as financial crisis continues

20 November 2007

The amount consumers are being allowed to put on their credit cards is falling as a result of the ongoing global financial crisis, it has been claimed.

uSwitch: Britons bombarded with credit card cheques

19 November 2007

Tougher regulations on credit card cheques are being surmounted with UK cardholders being bombarded with 313 million unsolicited cheques each year, uSwitch research has revealed.

Apacs releases Xmas spending prediction

16 November 2007

Payments association Apacs said yesterday that Britons would rack up most of their Christmas spending (64% of the total) on credit and debit cards.

Services should crack down on scams say Citizens Advice

14 November 2007

Consumers in the UK are defrauded to the tune of £3.5 billion each year, Citizens Advice said yesterday.

Abbey: Majority use credit cards weekly

13 November 2007

Credit card use is becoming ever more widespread, new figures from Abbey show.

Halifax launches contactless card

12 November 2007

In a sign that contactless card payments will become more widespread in the future, financial services firm Halifax has launched their own payWave service today.

Brits to rein in credit card spending

08 November 2007

Thomas Charles has said that consumers might avoid card expenditure this Christmas due to the ongoing credit crunch.



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