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Tag Archives: credit cards

EMV chip offers safe haven from credit, debit card counterfeiting

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By TED CARTER The EMV card era begins officially for the United States on Oct.1, making it the last developed country on Earth to adopt the new generation of payments processing. It’s a case of better late than never for U.S. banks and businesses that expect the European export to put counterfeit credit and debit card fraudsters out of business – ...

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Alderman take action against advisor who told Davis to not answer questions

SOUTHAVEN — Southaven aldermen have stripped Mark Sorrell of his role as the city’s legal adviser and said he would serve only as prosecutor in the future. Sorrell has been serving in both capacities, but aldermen said the dual roles were too much. The Commercial Appeal reports Sorrell came under fire from some aldermen earlier for publicly advising Mayor Greg ...

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Pickering revises amount owed by Davis on credit card charges

SOUTHAVEN — The office of Mississippi Auditor Stacey Pickering is revising the amount that Southaven Mayor Greg Davis must repay to taxpayers after aldermen determined that about $6,000 in charges to the mayor’s city-issued credit card were not city-related expenses. “We didn’t have enough documentation to justify approximately $6,000 as city expenses,” Aldermen Ronnie Hale said. “The charges we couldn’t ...

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Resort officials say security breach reports inaccurate

PHILADELPHIA — Officials with Pearl River Resort has issued a statement on reports regarding a potential breach in security of the processing system for credit and debit cards at the Pearl River Resort. Officials say reports have not been wholly accurate. Guests’ personal financial information is secure and protected, and no ATMs were affected during the time period under scrutiny. ...

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Choctaws, investigators looking into credit card thefts

PHILADELPHIA — The FBI, local law enforcement agencies and the Mississippi Band of Choctaw Indians are looking into a security breach in a credit card processing systems at the Pearl River Resort in Neshoba County. The tribe reported the problem. Philadelphia Police Chief Richard Sistrunk said all victims had one thing in common — each had used their debit cards ...

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Security Card Services renews contract with NPC

OXFORD — National Processing Company (NPC) has entered into a multi-year independent sales organization (ISO) contract renewal with Security Card Services, LLC, for debit and credit card processing services to merchants and financial institutions. “Security Card Services, LLC has partnered with NPC for the past 14 years and we have developed powerful strategies to achieve long term success,” said John ...

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Credit card debt drops to eight-year low

NEW YORK — The amount consumers owed on their credit cards dropped to its lowest level in eight years, as cardholders continued to pay off balances in the uncertain economy. The average combined debt for bank-issued credit cards — those with a MasterCard or Visa logo — fell to $4,951 in the second quarter, down 13 percent from $5,719 last ...

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Ramsey sticks to his principles

Financial consultant talks about the economy, the oil spill, Fox and more In the last decade, personal finance counselor and motivational speaker Dave Ramsey has grown from an afternoon radio host into a straight-talking money guru for the American middle-class. His low opinion of materialism, big government and the credit card industry has earned him friends and enemies from the ...

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Report: State has lowest credit card debt

ACROSS MISSISSIPPI — Despite the recession, Mississippians have managed to keep their credit card debt in check — at least compared to the rest of the nation. The state had the least amount of credit card debt in April, according to the U.S. Credit Score Climate Report released by Credit Karma, a San Francisco-based consumer credit company. On average, Mississippi ...

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