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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Bankruptcy - a legally-declared inability or decreased ability of an person or company to pay their creditors.
  • MasterCard PayPass - a new contactless payment feature that provides cardholders with a simpler way to pay by tapping a payment card or other payment device, such as a phone or key fob, on a point-of-sale terminal reader rather than swiping or inserting a card.
  • Installment credit - a type of credit that has a fixed number of payments, in contrast to revolving credit.
  • Service station (U.S.) - a filling station that also offers such services as oil change and mechanical repairs to automobiles.
  • Contact smart card - a smart card that requires physical contact with a card reader as a communications medium between the smart card and a host such as the credit card company's computer.

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