Payments News

On The Web

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Users

Florida Man Punches ATM For Giving Him Too Much Money

“One of the great memes of recent years was Florida Man, “the world’s worst superhero.” So named for the large quantity of bizarre news stories with the template “Florida Man (fill in the blank),” the meme covered everything from attempting to use a taco as a form of identification to calling 911 repeatedly over the […]
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Users

How credit cards changed the way we spend

“If you’re a shopkeeper, who do you trust to repay a debt? For most of history, only someone you knew personally, which was fine since most of the people you encountered would be from the same small community.”
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Users

One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed Finds

“Fed Gov. Lael Brainard said in a speech Friday that the Fed’s 2018 Survey of Household Economics and Decisionmaking, expected to be released later this month, would show that while economic security has been “marginally” improving, many U.S. citizens—both in- and outside the middle class—were still in a position of “financial fragility.” Americans’ widespread inability […]
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On The Wires

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Users

Discover Enhances Customer Service with In-App Messaging

"Discover announced today the launch of messaging, a customer service option that allows customers to communicate with Discover’s customer service agents without having to stop and restart numerous interactions. The new feature, which will be rolled out in phases, enables customers to message Discover’s customer service representatives via the Discover mobile app."
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Users

Annual Survey Reveals That Consumer Knowledge About Credit Scores Has Steadily Declined Over the Past Eight Years

““Consumers know less about credit scores but think they know more,” said Stephen Brobeck, CFA senior fellow. “Taking our online credit score quiz provides an easy way for consumers to update their credit score knowledge,” he added. More than 230,000 individuals have taken the Credit Score Quiz , developed and maintained by CFA and VantageScore.”