Citi's Unexpected Cards Irk Customers
Bruce Mohl writes for the Boston Globe about Citi's recent mailing of 3.5 million MasterCards to Macy's private label customers whose accounts have been inactive.
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Bruce Mohl writes for the Boston Globe about Citi's recent mailing of 3.5 million MasterCards to Macy's private label customers whose accounts have been inactive.
In an article titled 'Fewer Folks Getting Out Checkbooks', Michael Coit writes about the move away from the use of checks. "At Bank of the West, the fifth largest bank in California, check volumes have been cut in half since 1990 to 45 percent of all non-cash transactions today."
Selena Maranjian writes for The Motley Fool about a recent Public Citizen report examining the credit card industry's practices with respect to requiring mandatory arbitration of disputes with cardholders.
An article by Alan O'Sullivan on the UK's This Is Money web site expresses consumer frustration's with the lack of complete security against fraudulent use of cards in the Chip and PIN system. He writes "large numbers of cash withdrawals are being made using cards without a security chip and it is the banks themselves that are allowing it to happen."
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