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PETALING JAYA: The RM25 service tax on credit cards and charge cards is expected to add around RM255mil annually to government coffers.
The BRATs Sunflower Recycling Cards project is inspired by the Green Awards camp held in Penang in June. AMANDA CHRISTI writes.
KUALA LUMPUR: Bank Negara has denied claims that ATM cardholders will be charged a fee and will not be able to use their cards for cash withdrawals if they do not change their existing cards to the new personal identification number (PIN)-based cards.
PETALING JAYA: There are just 15 days left for credit and debit cardholders to switch to the new personal identification number (PIN)-enabled payment cards.
While the number of credit card loyalists far exceeds that of debit cards, there appears to be a rising trend in the usage of the latter among households in terms of card-based purchases. This could denote a growing concern about debts and compulsion to better manage finances in this current uncertain climate.
NEW YORK: Prepaid debit cards, which are popular with consumers who are too poor for checking accounts, are too lightly regulated and should face more restrictions, according to a study released by Pew Charitable Trusts released on Wednesday.
THE credit card evolution has been phenomenal, and the migration to the EMV (Europay-MasterCard-Visa) microchip-based smart card, has banks all excited over the prospects of leveraging smart cards to boost market share.---------------------------------------------