Help is finally at hand for bank customers who struggle to remember their pin: Mastercard has launched the first biometric bank card that allows users to make payments in stores using their thumbprint.
Following successful trials in Norway, Mastercard said it is now ready to start offering the biometric cards to UK banks – and says the first could be in use as soon as this time next year.
Currently bank customers can pay for goods up to £20 with contactless payment by “waving” their cards, but are required to input their pin number for items costing more.
The new cards, which have been developed in conjunction with a Norwegian firm called Zwipe, will allow users to place their thumb on special reader contained within the card, and wave it over the contactless terminal.
The thumbprint reader establishes that the card holder is making the purchase – doing away with the need to input the pin. It will
Two metropolitan areas in northern California ranked highest in a recent study conducted by TransUnion that revealed metropolitan areas with the highest and lowest credit scores.
According to TransUnion, the metropolitan area consisting of San Jose, Sunnyvale and Santa Clara ranked highest of any metropolitan area in the U.S. with an average credit score of 700.
The metropolitan area consisting of San Francisco, Oakland and Fremont took second place in the ranking of highest credit score with an average score of 696. Third place went to Madison, WI with an average credit score of 694.
Just as an individuals credit score is a measure of the risk that consumer presents to a lender, our study calculated the credit score that would correspond to the risk presented on average by residents of various metropolitan areas, Heather Battison, senior director at TransUnion, said in a statement.
The unfortunate distinction of having the worst collective credit score went to Memphis, TN, TransUnion said.
Hey CK fans!
Are you in the market for a new car? Or maybe you’ve recently purchased a vehicle? If so, we hope you can join us for our upcoming Tweetchat. On Tuesday, October 7 at 2pm PST, we’ll be talking about credit and the car buying process! We know that buying a car can be an overwhelming experience, so come share your wisdom with our Twitter followers, or learn from the crowd.
Make sure to and use the hashtag #CKchat in each of your responses! See you there!
Once an individual has discovered that his identity has been stolen, the individual may be confronted with a great deal of anger and disappointment. Whats even worse is all the frustration he may encounter as he attempts to clean up his credit. Since identity theft usually begins as a financial crime, the most significant part of clearing up the damage is repairing the mistakes due to unauthorized charges and accounts that were opened in the victims name.
The best technique for correcting fraudulent activity on a credit report is to start fixing the problem immediately and be patient. The quicker mistakes are discovered, the simpler it is to clean them up. It is important to remember that even when mistakes are found early, disputing charges on a credit report and the entire removal process will take some time.
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We’ve all been there: You reach into your purse or pocket for your wallet, only to find that it’s missing. After a few minutes of frantically looking around, you come to terms with the harsh reality — it’s been stolen. Gulp.
First, don’t panic. You will be able to straighten this out. But you’re probably wondering which credit card you should cancel first. Take a look at the details below for the answer, and a few other tips to help put this misfortune behind you.
Canceling all your cards as soon as you can is essential
The answer to the question of which credit card you should cancel first when they’ve all gone missing is that there is no answer. Getting in tou
Did you know you’re entitled to a free credit report when you have an application denied because of information in your credit report? You have 60 days to order this free credit report so you have to act quickly.
Now, some lenders will send a free credit score when you’re denied or approved with less favorable terms.
How to Get a Free Credit Report When You’re Turned Down For Credit
A substantial number of young people are bucking tradition and putting off marriage until they feel more financially secure, according to a new study from the Pew Research Center.
In a poll published Wednesday, 34 percent of unmarried 25- to 34-year-olds said financial instability was one of the primary roadblocks keeping them from walking down the aisle. Just 20 percent of singletons over the age of 35 said the same. The study also found the percentage of Americans who have never said “I do” is at an all-time high.
In an interview with The New York Times, Pew Research Director Kim Parker said the group’s latest findings on declining marriage rates are especially striking considering the tendency of previous generations to get married well before their finances were set.