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RAM Rating Services Bhd has upgraded the long-term rating of MBF Cards (Malaysia) Sdn Bhd's RM600mil commercial papers/medium-term notes (CP/MTN) programme (2007/2014), from A2 to AA3.
PETALING JAYA: AMMB Holdings Bhd will leverage on its strategic partnerships with MetLife International Holdings Inc, Kurnia Insurans (M) Bhd and MBf Cards (M) Sdn Bhd for a focused organic growth in its four main divisions for the financial year ending March 31, 2015 (FY15).
Johan Holdings Bhd, which was queried by Bursa Malaysia Securities over the unusual market activity on Friday, said it looking to sell its charge and credit cards businesses in Malaysia and Singapore.
BOGOTA, Colombia: Forget bulk cash. Heavy and hard to hide, it's simply not the most convenient cross-border conveyance for a 21st-century money launderer. A safer and increasingly attractive alternative for today's criminal is electronic cash loaded on what are called stored-value or prepaid 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.---------------------------------------------
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.