My hacking was all about becoming the best at circumventing security. So when I was a fugitive, I worked systems administrator jobs to make money. I wasn't stealing money or using other people's credit cards. I was doing a 9-to-5 job.
Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.
As a small business owner, I've had to find ways to keep costs as low as possible while still providing customers with the ability to use their credit cards for payments. Many credit card processing companies are so expensive when it comes to fees that it started to feel like a losing proposition to offer this payment option.
For too long, tricks and traps in mortgages, credit cards, and other financial transactions have stripped wealth from working families.
Most credit cards provide some sort of protection against a defective purchase, and with gold or platinum cards, you'll often get double the manufacturer's warranty. You're also not immediately out your own money if something goes wrong.
It turns out that CVS is one of about 40 merchants in a consortium that formed in 2011 to develop their own mobile-phone-based payment system. The consortium, called the Merchant Customer Exchange, or MCX, is in large part all about eliminating, or at least reducing, the fees banks charge retailers for swiping credit cards.
I have too many credit cards. You know what happened? Someone stole one and I didn't notice. I noticed when I got that bill. Whoa! It was so much less! I'm letting him keep it. I'm saving money!
