Credit Cards Plus

Ten years from now, when we’re ready to make a purchase, more of us will reach for our phones than will reach for credit cards.

That’s the time frame pegged by the World Payments Report 2011 which projects that mobile payments will make up 15 percent of all credit card transactions in 2013 and are poised to overtake plastic card payments in a decade.

The annual report is produced jointly by the nonprofit Efma association, Capgemini consultants and The Royal Bank of Scotland.

The U.S. has

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When you are in debt the world seems like a darker place. There are restrictions in every spending and you might even have to think twice before you buy an item that you need. It is quite obvious that you would like to get out of such a situation as early as possible. This you can do by saving every month and spending strategically. A very significant debt relief option is Christian debt consolidation loans. Christian debt consolidation is a debt consolidation that is based on the Christian principles of honesty, integrity and sincerity. Read article…

Debit Card Fees Just a Test?

Wells Fargo announced August 17, 2011 that they will “test” a $3.00 monthly debit card fee for some customers in the states of  Georgia, New Mexico, Nevada, Oregon, and Washington beginning October 14, 2011.

They join Chase, Regions, and Suntrust banks in the practice of charging the consumer a monthly fee to use their debit card. Is it a matter of time before all banks add this fee to the long list of the ones they are already charging you?

So why do the big banks want to charge you to use your money? Wells Fargo is but one example of the banks that claim they must make up for their losses of revenue due to new regulation from the Dodd-Frank Act.

The Dodd-Frank Act provides for more government regulation of the financial services industries, including the banking industry. The l

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Bank of America Corp, currently the largest bank in the U.S. by assets, announced on Thursday that it would receive a $5 billion investment from Warren Buffett’s Berkshire Hathaway. The investment announcement had an impact on Bank of America’s shares, which had been dropping on concerns that it might need more capital.

Buffett to Buy Preferred Shares

As a part of the deal between the two major companies, Buffett will buy preferred shares and receive warrants. His investment will guarantee Berkshire $300 million a year in dividends and offer a chance for major returns if the bank’s stock climbs.

In the short time after the deal was announced on Thursday, shares did indeed jump. Accord

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Its been quite some time since weve written anything about Square, Jack Dorseys mobile payments project, but I read something interesting this morning that simply had to be commented on.

The story in question involves a sleepy Midwestern suburb, cupcakes (fantastic ones at that), the biggest U.S. payment processor, credit card fees and, of course, Square. Its a great story and I had a lot of fun reading it, as Im sure many others did too. However, I suspect that I had so much fun for a reason that completely escaped the authors notice.

So TechCrunchs Jay Donovan tells us about Fantasy Cupcakes search for the best credit card processing provider.

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