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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Debtor - a person or company owing debt (such as a cash loan).
  • Gas theft - the removal of gasoline from a station without payment. Typically the thief will usually use some form of decoy to prevent nearby witnesses from noticing the lack of payment until they have left the station. Common decoys include pretending to press the wrong buttons after swiping the credit card, or having multiple people get gas at the same time with one paying for another person and the other running off with both cars.
  • Creditor - a party or lender (e.g. person, company, bank, etc.) that claims that a second party (borrower) owes the first party some property or service.
  • Amoco Oil Corporation - first incorporated as Standard Oil of Indiana, formed from the breakup of gasoline giant Standard Oil. Amoco was merged with British Petroleum in 1998 to form BP Amoco, later rebranded to BP.
  • 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.

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