Search results for

MasterCard International reported Friday that 40 million credit card numbers may have been stolen. Merchants bear the brunt of fraudulent transactions. Credit card companies charge the merchants for the stolen services or merchandise and for additional fees.

NPR's Mary Louise Kelly speaks with Ted Rossman, industry analyst at CreditCards.com, about whether Apple's new credit card is disrupting the industry.

Banks are raising their minimum monthly payments in January, a change intended to protect consumers from piling up credit card debts that can last for decades. But the higher minimums, along with interest rates that can be raised for late payments, mean consumers could be facing bigger credit card bills next year.

Shoppers are heading into the heavy-spending season with no new credit safeguards in place. Experts say it'll be at least another year before the U.S. system moves beyond technology from the 1970s.

Andee Tagle from NPR's Life Kit podcast reports on the best way to accumulate credit card points and put them to good use.

Traffic at stores also declined following a security breach that may have exposed the credit card information of 40 million customers.

To put that in perspective, $1 trillion in bills end to end would stretch past the sun from Earth.

The bank also reported a $5 billion profit, despite a series of costly settlements with the U.S. government.

Despite the switch from the magnetic stripe credit cards to chip cards last October, the new technology is still not widely adopted. Visa unveiled an upgrade to speed up checkouts but barriers remain.

It used to take seven to 10 business days to get a new credit card. Because of an ongoing chip shortage, deliveries can take almost two months, and that could be the case through the end of the year.