Get ready for longer lines and waits at checkouts.
Thanks to the new chip or smart credit cards, between five to 10 seconds will be added to checkout as you dip or insert your card in the reader instead of swiping it.
Its all in the name of security.
Oct. 1 marks an important date for retailers. Its the deadline imposed by banks and credit card companies for stores to have the technology to read the new cards.
It also marks a liability shift. If businesses dont have the new terminals set up and there is fraud involving chip cards, the stores are on the hook for the fraudulent transactions instead of the card companies.
During the transition to credit cards with microchip data, you still can swipe your card as you normally would and follow the prompts. If the terminal is chip-enabled, it will prompt you to insert it instead. If you already know your chip card works there, start by inserting your card. These steps will help ensure successful transactions:
Insert your card with the chip toward the terminal, facing up. Do not remove until prompted.
Provide your signature or PIN as prompted by the terminal. Some...
The experts may claim that the recession is over, but many people and businesses are still struggling.
In fact, the latest statistics from the US Courts reveal that though bankruptcies are decreasing nationally, the number of both individuals and businesses choosing to file for bankruptcy is still substantial.
If you are considering bankruptcy, here are a few things you should consider before you become a bankruptcy statistic.
Not All Debt is Dischargeable
It is a common misconception that going through bankruptcy gets rid of all of your debt. However, not all debt is dischargeable (forgiven) in bankruptcy. For example, alimony and back child support are never...
IF you are struggling with debt problems and are starting to feel hopeless about your situation because you are not getting anywhere in spite of your efforts, at what point do you consider filing bankruptcy as an option? Bankruptcy scares a lot of people and that’s understandable because everything they’ve heard about it from friends, family and co-workers is negative. But is bankruptcy really all that bad?
Well, most people don’t even understand it. The law says that bankruptcy is nothing more than a fresh financial start when you are no longer in a position to help yourself. Of course, this is not what the bill collectors want you to think. They want...
Individual chapter 7 debtors filed a statement of intention electing to surrender their real estate. The mortgagee contended that they had failed to do so and filed a motion to compel to surrender.
Under Section521(a)(2) of the Bankruptcy Code, if an individual debtors bankruptcy schedules show debts secured by property of the estate, then generally:
(1) within 30 days after the bankruptcy petition is filed the debtor must file a statement of intention as to whether it intends to retain or surrender the property, and if the property is to be retained, whether (a) the property is claimed as exempt, (b) the debtor...
The conservative website had posted a cut from a video of a speech Sherrod had given to a local Georgia chapter of the NAACP, in which she recounted struggling to help a white farmer because of the way black farmers had been treated. So I didnt give him the full force of what I could do. I did enough, she said in the clip.
Breitbart ran the story with the headline, Video Proof: The NAACP Awards Racism-2010, and wrongly suggested that Sherrod had been talking about her behavior as a federal official.
The anecdote, however had been taken out of context, as TPM and other outlets reported at the time, and Sherrod had been talking about her own journey to overcome prejudices. Later...
The retail industry appears to be reaching the crossroads of complete transformation due to a significant shift in consumer sentiment. Those companies that can embrace the change quickly enough will likely survive. Those that cannot may simply become legends.Indeed, we have seen well-known companies such as RadioShack, Brookstone, Fredericks of Hollywood, dELiA*s, Cache, ALCO Stores, Deb Shops and others file for bankruptcy protection within the last year and, in many instances, ended up selling all of their assets for much less than market value.
On September 9, 2015, Quiksilver, Inc. and certain of its affiliated domestic companies (collectively Quiksilver or Company) joined the group...
Sept. 23-24 Students can learn how to set up documents through the MLA format in a NW Campus Bridge Program workshop 2-2:30 pm in WTLO 3411A. For more information, contact Bridge Program assistant Talisha Simpson at 817-515-7657.
Sept. 23-24 TR health services will provide free, confidential HIV testing for students 11 am-2 pm Sept. 23 and 2-5 pm Sept. 24 in TREF 1312A. Appointments are encouraged, but walk-ins are accepted. Students should allow 30-45 minutes for a testing session. For more information, contact health services coordinator Angela Virgin at 817-515-1059.
The following editorial appeared in the Pittsburgh Post-Gazette on Sept. 21:
PITTSBURGH (Tribune News Service) #x2014; Emboldened by an improved economy, Americans are whipping out their credit cards again.
A new report shows that the number of active credit accounts, 314 million, has crept back up to levels not seen since the start of the Great Recession in December 2007. Some economists say this is a good sign, indicative of consumers#x2019; improved financial health.
But another marker #x2014; the number of borrowers with sketchy credit scores #x2014; has also increased. This means lenders are more willing to extend credit to those who have had trouble managing...
JPMorgan Chase has nearly stopped making home loans insured by the Federal Housing Administration.
Most large banks have curtailed FHA-backed loans in the past two years because of concerns about credit and legal risks, and JPMorgans 98% drop-off in that period puts an exclamation mark on the trend.
The $1.8 trillion-asset banks FHA market share was a mere 0.2% at June 30, compared with 12.2% just two years earlier, according to government data crunched by the American Enterprise Institutes International Center on Housing Risk.
The rollback among big banks follows harsh penalties meted out by the Justice Department , which accused many banks of putting FHA on the hook...