Credit Cards Plus

ReadWriteWeb has a nice summary of new technology that turns a webcam into a card reader.

Payments company Jumio is today launching a new technology called Netswipe that turns any webcam into a credit card reader, both on the desktop and on mobile. The service aims to bridge the convenience of online and mobile shopping with the security inherent in face-to-face transactions. It also makes it incredibly easy to shop — you just hold up your credit card in front of your webcam to complete the transaction.

Jumio website is here. Watch the video for a quick summary of how it works.

On yesterday’s earnings call with analyst, CEO Joseph Saunders said that Visa would introduce a new “network participation fee” for all merchant acquirers in the US. While not yet fulling defined, various media outlets have what details are available and industry reaction:

• Visa Rolls Out New Fee Program – Reuters
• Visa Outlines New Fee Structure To Defend Its Debit Business – Digital Transactions
• Visa’s New Participation Fee: Analysts View – International Business Times

The new scheme is thought to give Visa more flexibility for capturing debit routing volume from merchants.

Dear Credit Score Report, My wife added me as an authorized user to her American Express card, but my credit report is not showing the entire length of history that she had. (She has the card for over 36 months, and my credit report is only showing six — the amount of time since I was added to the account.) She actually had two cards from AmEx and has added me to both. Now, between us, we have four accounts — two old ones with 36 months of history and two new ones (when I was added) with the same credit limit — but with only six months of history. How can I solve this? Thank you.

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The Walmart Discover Card is a rewards credit card issued by GE Money Bank. You can earn cash back on all your purchases and save 10¢ per gallon at participating Walmart gas stations in the U.S. There is no annual fee with this card.

• Earn up to 1% cash back on all purchases
• Accepted everywhere you see the Discover Network Acceptance Mark
• Save 10¢ per gallon at participating Walmart gas stations in the U.S.
• Get a cash advance at the time of purchase
• Pay no annual fee
• $0 fraud liability

The Walmart Discover Card does not offer an introductory rate for purchases or balance transfers. The card offers a rate of 22.90%. T

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In a televised address to the nation on Monday night, President Barack Obama asked Americans to pressure their elected representatives to work out a compromise on the federal debt ceiling. As he’d done in the past weeks, the president made a point to emphasize the devastating effect failure to come to a comprehensive debt deal would have on the nation.

Congress Still at Stalemate Over Raising Federal Debt Ceiling

In what was Obama’s seventh prime time televised address, he sought to the increase pressure on congressional leaders to reach a debt deal that would allow the government to keep borrowing money to pay its debts after Aug. 2–the

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