May
2015

Chase Bank updating bulk of its credit cards with chip technology

Chase Bank is planning to update more than 70 percent of its credit and debit cards with new chip technology by the end of 2015 to protect against fraud and cybertheft.

The bank is also upgrading its automatic teller machines to accept the chip cards. Chase, the US consumer and commercial banking business of JPMorgan Chase Co. (NYSE: JPM), was one of the first credit card issuers to issue chip-enabled cards on its products beginning in 2011. Chase currently has more than 22 million chip-enabled cards on the market.

“Fraud and security threats facing consumer payments today is a complex issue that can’t be solved with any single technology,” said Gordon Smith,...

May
2015

5 Ways to Avoid Paying Too Much for a Car in Syracuse

When shopping for a new or used car, you dont want to end up overpaying. But in Syracuse, NY, you might have a hard timing finding a fair price for a car and an affordable car loan rate to go along with it. To assist you during this exciting, yet sometimes stressful car-buying process, MONEY Federal Credit Union (FCU) offers a variety of services. Use the following tips to get a great deal on your car loan and the total cost of your car.

1. Choose a low car loan rate.

A competitive interest rate could save you a lot of money over the duration of your car loan. MONEY FCU offers low auto loan rates for both new and used vehicles. You can secure a new or used auto loan for one,...

May
2015

Can a computer beat one of the world’s best poker players?

Strategy games such as chess have long been considered important ways to measure artificial intelligence. But AI researchers at Carnegie Mellon University chose a different, and in some ways, more challenging game: poker. Susan Koeppen of CBS Pittsburgh station KDKA reports on what happens when the chips are down.

Doug Polk, 26, is considered the best heads up, or one on one, no limit Texas hold em player in the world. Hes defeated countless opponents and won millions of dollars.

Polk bet his reputation that he could beat Claudico, Carnegie Mellons artificial intelligence super computer.

Youre playing a cold-blooded killer because when he goes all in and you snap him off and win his stack,...

May
2015

Allegheny County residents score well on credit

Residents of Allegheny County are in a stronger position to access credit in the event of a natural disaster or a personal financial setback than many people throughout the state and the nation, according to a comprehensive study of community credit conditions by the Federal Reserve Bank of New York.

In the fourth quarter of 2014, 82.9 percent of borrowers in Allegheny County were current on all their credit obligations for each of the past four quarters. In Pennsylvania, 81.4 percent of borrowers met those conditions, while nationwide 79.2 percent of borrowers were current on their payments, according to the New York Fed.

The idea of so-called community credit was inspired by the aftermath...

May
2015

TrueCar’s Scott Painter Is Looking to Transform the Car Buying Experience

TrueCar (TRUE) CEO Scott Painter says the future of car buying will look very different than in years past as Millennials look for ways to make the entire process more transparent. Painter said, ‘a shift towards using technology and information as sort of that key starting point. Right now, TrueCar works with one-third of car dealers in the US and roughly four percent of consumers looking to buy a car use TrueCar. Buying a car has usually meant walking into a dealership with very little information about prices. Painter said, ‘The presumption is that if everyone knows how much everyone paid for a car, the presumption is that I’m somehow not going to be able to sell the car for more...

May
2015

Fenton industrial park thrives due in part to tax breaks

The final story of a series focusing on the development of Fenton over the years.

Let’s face it, regardless of where one lives, there is nothing too exciting about an industrial park — except in Fenton there is one thing — tax incentives.

Operating under the stewardship of the Local Development Finance Authority (LDFA), which like Fenton’s Dowtown Development Authority (DDA), is able to capture a percentage of tax dollars for the benefit of the LDFA district. In Fenton’s case, the majority of the LDFA district is in the industrial park. A part of the industrial park property is located in the DDA district.

According to Assistant City Manager...