BankMuscat launches ‘Your favourite destinations’ credit card promotion (Zawya)

Credit Card Freak wrote this mid-morning:

31 July 2007 MUSCAT — BankMuscat BankMuscat , the nation’s premier bank, has launched ‘Your favourite destinations’ credit card promotion in association with Qatar Airways Holidays.

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Allentown police arrest two in credit card ID theft (The Morning Call)

Credit Card Freak wrote this mid-morning:

After a month-long investigation, two Allentown men have been jailed on charges related to a scheme where a gas station employee allegedly gave customers’ credit card numbers to another man, city police said.

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Woman arrested for stealing credit card (News 10 Now Syracuse)

Credit Card Freak wrote this mid-morning:

NEW HARTFORD, N.Y. — A Utica woman is charged with grand larceny after stealing a credit card from a Saint Luke’s Hospital employee Sunday. New Hartford police say Jacqueline Thomas, 31, was arrested after the employee reported the credit card missing from her purse.

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TSYS Card Tech signs deal to handle credit-card portfolio for Moscow-based consumer lending bank (Columbus Ledger-Enquirer)

Credit Card Freak wrote this mid-morning:

LONDON & NICOSIA, Cyprus — TSYS Card Tech, a subsidiary of Columbus-based payment processor TSYS, said Monday it has signed an agreement with a Russian firm to handle its credit-card portfolio.

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HSBC holds credit card roadshow (BruDirect.com)

Credit Card Freak wrote this mid-morning:

HSBC recently held a two-day credit card roadshow at its branch in Batu Satu, Jalan Tutong.

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Acacia Technologies Licenses Credit Card Fraud Protection Technology to Oakley (Business Wire via Yahoo! Finance)

Credit Card Freak wrote this mid-morning:

NEWPORT BEACH, Calif.—-Acacia Research Corporation announced today that Financial Systems Innovation LLC, a wholly owned subsidiary of the Acacia Technologies group, a leader in technology licensing, has entered into a release and covenant not to sue covering a patent that applies to credit card fraud protection technology with Oakley, Inc.

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Singapore June bad credit card debt write-offs 9.0 mln sgd vs 10.6 mln (The Forex Market)

Credit Card Freak wrote this mid-morning:

SINGAPORE (Thomson Financial) - Banks here wrote off about 9.0 million Singapore dollars worth of bad credit card debt in June, against 10.6 million dollars the year earlier, data from the Monetary Authority of Singapore released Tuesday showed.

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Credit Card Buyer Beware (New York Times)

Credit Card Freak wrote this mid-morning:

The federal agencies that are supposed to regulate the banking and credit card industries have failed to keep pace with deceptive and unfair practices that have become shamefully standard in the business.

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House lawmaker to offer credit card bill (Washington Post)

Credit Card Freak wrote this mid-morning:

WASHINGTON (Reuters) - A New York lawmaker said on Monday she plans to offer legislation to address some of the problems plaguing credit card customers who have been blindsided with interest rate changes and various fees.

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Credit card industry resists change as fees shock many (USA Today)

Credit Card Freak wrote this mid-morning:

The credit card industry has become a favorite punching bag for consumer groups and lawmakers, who accuse the card issuers of doing everything in their power to raise rates, charge new (and hidden) fees and punish card holders with unjust policies.

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