It seems ironic to have a credit card made of solid gold, but Visa and Sberbank have begun offering a credit card made of solid gold to Sberbank’s top 100 customers in Kazakhstan as a companion card to the Visa Infinite card, hoping to capitalize on what they see as a “growing appetite for elite, status-symbol cards.”Read more »
Visa Inc. and MasterCard Inc. agreed to pay scores of retailers more than $6 billion to settle a long-running lawsuit in an agreement that also permits merchants to charge higher prices to customers who pay for purchases with credit cards.
The settlement is expected to have wide-ranging implications for consumers, retailers and the card industry. It is also the latest victory for merchants, who have recently logged some significant wins in their efforts to reduce their cost of accepting plastic.Read more »
Every year around this time, millions of Americans fill out a form 1040 – hoping they don't have to write a check to Uncle Sam. Millions more know they will be getting a “refund” (which is normally a return of some portion of their money that was withheld in excess of what the IRS thinks they were owed) while a smaller number will receive a “refund” in excess of the amount withheld by the IRS.Read more »
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