News by Reporter September 5, 2018, 4:25 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Customers of all UK banks are being urged to check their statements after thousands of people were charged twice for debit card payments. Cardnet, a payment service run by Lloyds Bank, said it became aware of the issue on Friday. A statement said a glitch in its system meant customers were being charged double what they should have been in transactions, on Wednesday August 29, but only showed up once on receipts. Fewer than 5% of all transactions are said to have been affected – but the actual number of people could be into the thousands. Cardnet said all those affected should have been refunded by yesterday (Tuesday September 4). A statement from the firm said: “Cardnet became aware of an incident whereby the settlement file for transactions taken Wednesday August 29 by APACS 40 (standalone terminal) merchants was duplicated and … [Read more...] about Customers of ALL banks urged to check accounts after glitch sees folk charged twice for card transactions
By David Henry NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> is extending its Sapphire credit card brand into checking accounts at the largest U.S. bank to attract increasingly wealthy millennials as lifetime customers, it said on Wednesday. The bank is changing its Chase Premier Platinum accounts, which require a minimum of $75,000 in deposits and certain investments, into Sapphire Banking accounts, spokeswoman Elizabeth Seymour said by phone. The new accounts will offer special access to sports and entertainment events as do its Sapphire Reserve credit cards. The Reserve card became a big hit with millennials eager to travel when it was introduced in 2016 with generous sign-up and spending bonuses, and access to travel lounges. The new bank accounts will also eliminate some of the fees that can annoy consumers, including those for wire transfers and foreign exchange at overseas ATMs. Later this year the bank will offer its Ultimate Rewards points, which it pays for … [Read more...] about JPMorgan extends Sapphire card brand to checking accounts
Susan Tompor Detroit Free Press Published 10:01 p.m. UTC Aug 8, 2018 Would you want to pull out your debit card when you pick up lunch — or maybe even a prescription — and have it declined if you didn't have enough money in the account? After all, you would avoid being dinged by a $30 or $35 overdraft fee if the bank just said no dice right on the spot. Maybe you'd have enough cash in your pocket — or another piece of plastic, such as a credit card — to cover the purchase anyway. It's one strategy to take on those pesky overdraft fees. Complaints continue to mount over the strings of overdraft fees and the mysterious mind-numbing methods that banks use to process transactions and ultimately push some people into incurring even more fees. It's because of overdraft rules that can be all over the map at different financial institutions. Things are so bad that two Senate Democrats want to ban overdraft fees on debit card transactions and ATM … [Read more...] about Rising checking account overdraft fees: How to avoid getting punched
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page David Scharfenberg Globe Staff April 21, 2018 ONCE A MONTH, Kevin Barner sits at a desk in his Mansfield home, turns on his computer, and tends to what he calls “Kevin, Inc.” A click here, a click there, and he’s paid all of his household bills.“For years, I wrote checks,” he says. “Now, I say to myself, ‘how did I ever write checks?’ It just took so long.”But Kevin, Inc. isn’t his only gig. Barner is also the chief financial officer for Roche Bros., a supermarket chain with 19 stores in eastern Massachusetts and $575 million in annual revenue. And while his office makes some electronic payments, it still cuts plenty of physical checks. Hundreds of them per week, in fact. Checks for part-time workers. Checks for electricians. Checks for meat suppliers and egg suppliers and produce suppliers. Advertisement … [Read more...] about Paper checks forever?
WICHITA, Kan. (AP) — A Twitter handle associated with a man who's in jail on accusations that he made a hoax emergency call that led to the fatal police shooting of an unarmed man in Kansas was used to again threaten to swat someone after authorities say some inmates were able to gain access to the internet.The Sedgwick County Sheriff's Office said in a news release Monday that a software upgrade to an inmate kiosk improperly let inmates get onto the internet for "less than a few hours." The problem apparently also occurred at other jails across the country.The Sheriff's Office launched its investigation into the breach after The Wichita Eagle noticed a series of tweets posted on Barriss' account Friday.A tweet from Barris' @GoredTutor36 handle at 9:05 a.m. Friday said: "How am I on the Internet if I'm in jail? Oh, because I'm an eGod, that's how." A follow-up tweet posted 19 minutes later said: "All right, now who was talking (expletive)," and went on to add that the person "is … [Read more...] about Twitter account of man accused of deadly hoax threatens swat