I recently stumbled across an article about a South Africa company introducing a cell phone based payment system to Cape Town, South Africa.
It’s got me wondering whether this type of mobile payment system will catch on in the United States.  While it would be nice to simply carry my cell phone rather than my wallet, [...]

Credit card companies have pretty much always felt free to adjust the interest rate on their fixed rate credit cards. That is, until last year when Citibank decided that the fixed interest rate on its credit cards would no longer be increased at any time for any reason. Citigroup has since rethought that [...]

Bloomberg reported that credit and debit card transactions will rise from 40 percent in 2005 to 55 percent of all US transactions in 2011.
It will be interesting to see whether this prediction proves accurate.  Now more than ever, credit cards and the associated fees are under the microscope.  Given that retailers are lobbying Congress for [...]

American consumers hold more than 1.2 billion credit cards (including bank cards and retail or gasoline cards).
Source: Dayton Beach News Journal