Savings institutions like them because the sponsoring organization provides access to its members as potential new cardholders--at a time when it is becoming increasingly hard to get consumers to take new credit cards.
When a cardholder arrives at a place that offers these readers (for example, a city office or a hospital), he or she can "check in" simply by tapping the card on the device.
Amex's Tom Mullen announced a special offer for his cardholders at the Four Seasons meeting this morning.
[C3.] Utah Bank Becomes Entangled in Credit Card Case A small bank in Utah that focuses on credit card payments is the latest firm to become entangled in the controversy over a security breach that has put the information of 40 million cardholders at risk for fraud.
C1 Visa Drops CardSystems Visa USA said it would stop allowing CardSystems Solutions to process transactions, months after the company left the records of millions of cardholders at risk from fraud.
The San Francisco Convention and Visitors Bureau will debut its "Preferred Travel" guide on July 22, with special offers for Visa cardholders at restaurants, hotels, stores and museums, as well as transportation discounts.
The report noted that for basic coverage, available to cardholders at no charge, the major card networks generally exclude luxury vehicles and that American Express also excludes some popular sport utility vehicles.
[Page C1.] Visa to Bar CardSystems From Processing Payments Visa USA said that it would stop allowing CardSystems Solutions to process transactions, months after the company left the records of millions of cardholders at risk for fraud.
Visa USA said yesterday that it would stop allowing the payment processor CardSystems Solutions to handle its transactions, months after the processor left the records of millions of cardholders at risk for fraud.
Visa's decision is the latest development since the disclosure in mid-June that the CardSystems computer network had been compromised, putting the cardholder names, account numbers and security codes of as many as 40 million credit and debit cardholders at risk for fraud.
