http://www.debitcardnews.com The Latest News from the Credit and Debit World Sat, 12 Apr 2008 21:44:41 +0000 http://backend.userland.com/rss092 en By JOHN WILEN, Associated Press NEW YORK — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit-card troubles. The carrier on Friday blamed its Chapter 11 bankruptcy protection on a cash squeeze caused by ... http://www.debitcardnews.com/2008/04/12/ticket-revenue-change-hampers-frontier/ WASHINGTON - Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say. A report by the Government Accountability Office, obtained Tuesday by The Associated Press, examined spending controls across the ... http://www.debitcardnews.com/2008/04/08/gao-millions-wasted-on-govt-cards/ Obopay India, a wholly owned subsidiary of Obopay U.S.A, a global pioneer in mobile payment services, and YES BANK, a new age private sector Bank focused on innovative banking financial solutions, today announced an alliance to launch secure mobile payment solutions for the first time in ... http://www.debitcardnews.com/2008/04/04/obopay-india-and-yes-bank-launches-instant-money-transfer-facility-using-mobile-phones/ In two unrelated Federal Trade Commission actions, discount retailer TJX and data brokers Reed Elsevier and Seisint have agreed to settle charges that each engaged in practices that, taken together, failed to provide reasonable and appropriate security for sensitive consumer information. The settlements will require that ... http://www.debitcardnews.com/2008/04/04/agency-announces-settlement-of-separate-actions-against-retailer-tjx-and-data-brokers-reed-elsevier-and-seisint-for-failing-to-provide-adequate-security-for-consumers%e2%80%99-data/ 'Malware' stole Hannaford data By Ross Kerber, Globe Staff  |  March 28, 2008 A massive data breach at Hannaford Brothers Cos. was caused by a "new and sophisticated" method in which software was secretly installed on servers at every one of its grocery stores, the company told Massachusetts regulators this ... http://www.debitcardnews.com/2008/04/04/advanced-tactic-targeted-grocer/ Collaboration to create an innovative engine for consumer banking solutions March 31, 2008 The MIT Media Laboratory and Bank of America today announced the creation of the Center for Future Banking, a five-year collaboration to which Bank of America has committed $3-5 million annually. "Bank of America is investing in ... http://www.debitcardnews.com/2008/04/04/mit-media-lab-and-bank-of-america-announce-center-for-future-banking/ Apr 04 2008 : TJX has reached a US$24 million settlement agreement with MasterCard for data security breach losses suffered by MasterCard issuers worldwide. The TJX payment is to support an “Alternative Recovery Program,” which will compensate issuers for operational expenses and fraud losses linked to ... http://www.debitcardnews.com/2008/04/04/tjx-settles-24m-mastercard-tab/ By JEANNINE AVERSA AP Economics Writer AP Economics Writer It's a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country. Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop ... http://www.debitcardnews.com/2008/04/01/revamp-proposed-for-financial-regulators/ By MICHAEL LIEDTKE The Associated Press DON EMMERT / AFP/GETTY IMAGES The Visa logo hangs on the front of the New York Stock Exchange Tuesday — the stock-market debut for the company. SAN FRANCISCO — Catapulted by the biggest IPO in U.S. history, Visa shares soared 28 percent in ... http://www.debitcardnews.com/2008/03/20/visa-shares-jump-28-in-debut-on-market/ Investigation Finds Overdraft Fees Increased 11 Percent PITTSBURGH -- Valerie Reuben saw her overdraft fees hit $3,000 because of a mix up in a loan payment that was automatically withdrawn.Not only was she charged $38 each time her account was overdrawn, but additional fees for each day her account was ... http://www.debitcardnews.com/2008/03/19/overdraft-fees-add-up-3000-for-pittsburgh-woman/