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In these days of access cards for work, travel cards for public transport and contactless payment cards, "card clash" is a very real problem.
PETALING JAYA: Various quarters are backing the call by Deputy Finance Minister Datuk Donald Lim to lower credit card interest rates but at the same time feel it would be more effective to reduce the escalating household debt by limiting the number of cards a consumer can have as well as the credit limit for cards.
Eighty-one commuters who used concession cards meant for students, the elderly and the disabled had their cards confiscated as RapidKL cracks down on abuse.
KUALA LUMPUR: Bank Negara has refuted reports that ATM cardholders would be charged a renewal fee and denied the cards' use for cash withdrawals if not replaced with the new PIN-based cards.
In an effort to reduce counterfeit and credit card fraud more than 200 million payment cards have been issued with embedded computer chips in the US, ahead of a Oct 1 deadline for the switch to such cards, according to the Smart Card Alliance.