Canadian Cardholders & Credit

Canadian Cardholders Use Credit Cards Judiciously as Most Clear Balances Monthly

Canadian cardholders have slacked off in credit card usage this year as consumer confidence declines after hitting an all-time high in November 2018. However, the latest Visa and Mastercard reports show consumer spending was good last year, just not as good as 2017. Combined, Visa and Mastercard payment cards processed US$115 billion in purchase dollar…

Cyber Crooks Formjcking

Cyber Crooks Develop Formjacking to Capture Customer Credit Card Details via E-Tailers

Cyber crooks are getting bored while becoming more sophisticated, driving online shoppers and online retailers crazy. The latest criminal scheme is injecting malicious code into retailers’ websites to steal shoppers’ payment card details. Formjacking attacks are more ambitious, destructive, and stealthy. While a number of well-known retailers’ online payment websites, including Ticketmaster and British Airways,…

Skewed Economic Data for 2019

Skewed Economic Data Produced Rocky Start for 2019 & the Rocky Road Ahead

As the fog clears it has become clear the Trump Shutdown messed up consumer economic statistics, far more than projected, producing skewed economic data. Lenders were particularly rattled when the latest figures revealed an uptick in auto loan defaults. First mortgage defaults also edged up, raising concerns among bankers. Credit card delinquency also moved upward…

Former President's Wallets

President’s Club Perks: Credit Cards, Rare Ale, Stadium Seats, Gun Range, Barber Shop

Feeling “Presidential” Today? Strap on your seat belt, open your wallet and enjoy the President’s Club Perks. By the way, former President Obama’s favorite credit card is/was the J.P. Morgan Palladium Card issued by Chase. Credit Cards One of the hottest credit cards in the U.S. is the United Presidential Plus Card from Chase. It was…