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+22 +5
Barclays brings finger-vein biometrics to Internet banking
Barclays has announced the arrival of personal biometric scanners to keep your Internet banking security firmly under your thumb. Gone are the days of fumbling with desktop card readers, phone authentication, and PIN codes as a finger scanner will be available to wealthy corporate banking clients from 2015, and the rest of us surely soon after.
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+17 +4
Were fast-food workers paid to strike and protest?
Fast-food giants seem to have trouble believing that anyone could be genuinely displeased with $7.25 an hour. Last Thursday, thousands of fast-food workers walked out on their jobs to protest their low wages. As part of the protest, the workers participated in acts of civil disobedience such as blocking traffic near the fast-food restaurants.
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+19 +4
Apple Pay Tries to Solve a Problem That Really Isn’t a Problem
Mr. Cook, the Apple chief executive, introduced a new mobile payments service Tuesday as part of the company’s big product rollout. The idea is that instead of experiencing the misery of fishing around for a credit card, you put your phone up to a transponder and touch the screen, and your transaction is complete.
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+22 +3
More millennials saying 'no' to credit cards
New payment methods aren't the sole reason millennials have been turned off of credit cards. Millennials "grew up in a world where the economy was tanking," says David Pommerehn, senior counsel with the Consumer Bankers Association. "There was great concern about jobs and debts and paying off bills."
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+24 +1
Occupy activists abolish $3.85m in Corinthian Colleges students' loan debt
Over the last few days, over 2,700 Everest College students woke up to find that someone had paid off their private student debt. This was no act of goodwill by the government, which is currently suing Everest parent Corinthian Colleges for its predatory lending practices. Nor is it a gift from Everest itself, which is expected to shutter its doors and possibly leave 72,000 students out of their time and tuition.
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+25 +8
AT&T quietly jacks up monthly fee for iPhone 6 upgraders
Did you buy a shiny new iPhone 6 from AT&T Wireless? You might want to check your next monthly bill for an increased charge.
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+19 +9
The Home Depot reportedly ignored warnings from its own cybersecurity team
56 million credit cards were compromised in a recent hack on The Home Depot. Now, The New York Times is reporting that the company dismissed and largely ignored concerns put forth by security researchers as far back as 2008.
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+15 +5
Nearly Half of Americans in Major Cities Are in State of Financial Insecurity
If you lost your job or had a bad accident, how long would your savings last? Nearly half of all households in major cities don’t have enough money saved to cover essential expenses in an emergency, according to a study that the Corporation for Enterprise Development plans to release Wednesday.
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+7 +1
One whistleblower gets $30m in the bank, but others count the personal cost
The SEC this week promised an overseas whistleblower $30m – but others who have uncovered wrongdoing haven’t been so lucky
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+24 +5
Miss a Payment? Good Luck Moving That Car
The thermometer showed a 103.5-degree fever, and her 10-year-old’s asthma was flaring up. Mary Bolender, who lives in Las Vegas, needed to get her daughter to an emergency room, but her 2005 Chrysler van would not start.
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+18 +2
Why the Heyday of Credit Card Fraud Is Almost Over
In 1960, an IBM engineer named Forrest Parry was developing a new type of ID card for the CIA when he had an epiphany: Why not make each card a tiny data storage device in and of itself? He cut a short length of half-inch wide magnetic tape from a reel and wrapped it around a blank plastic card, secured it with Scotch tape, and then, at his wife’s suggestion, pressed it on with a warm iron. The magnetic stripe card was born.
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+19 +4
When Does Annual Travel Insurance Make Sense?
Annual travel insurance plans are also called multi-trip plans. As the name implies this type of insurance is good for an unlimited number of trips within one calendar year of the effective policy date.
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+23 +4
5 outrageous fees consumers are being charged
From paying to receive a paper bill to getting charged for checking airline luggage, if there’s one thing that bothers many of us, it’s being nickel-and-dimed with add-on fees and dumb charges.
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+10 +2
Obama's credit card declined at fancy restaurant
Ever had your credit card turned down at a fancy restaurant? President Obama can commiserate. Speaking to workers at the Consumer Financial Protection Bureau in Washington on Friday, he recalled a moment last month when, at the end of a dinner out in New York City, his plastic was declined.
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+17 +2
Rental America: Why the poor pay $4,150 for a $1,500 sofa
No credit, no cash, no bank account? There’s still a place to go shopping, but it comes at a price.
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+20 +4
Retailers are disabling NFC readers to shut out Apple Pay
There's a lot of hype around Apple Pay right now, but not everyone is on board with the new mobile payments system. In fact, a significant number of merchants, including heavyweights like Walmart, Kmart, 7-Eleven, and Best Buy, are in outright competition with Apple Pay. The retailers, through a joint venture formed in 2012, are building their own mobile payment app, called CurrentC. It's expected to launch next year. In the meantime, these retailers have no intention to support Apple Pay.
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+15 +3
Wal-Mart's Answer To Apple Pay Has Already Been Hacked
Here's a bad sign for CurrentC, the fledgling mobile payment system in development by a consortium of retailers. CurrentC is sending emails to people who signed up for the beta version of the app warning them "that unauthorized third parties obtained the e-mail addresses of some of you."
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+19 +4
Wall Street firm pushes for student loan forgiveness
One Wall Street firm has an idea that's raising eyebrows: forgive some student debt for first-time homebuyers.
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+16 +7
Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds
Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.
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+17 +5
Ecuador Tops List of Best Countries for Retirement
Looking for a safe, affordable place for retirement? With its warm climate, affordable housing and generous benefits, Ecuador was named the best country to retire in by InternationalLiving.com. Th...
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