The next time you take a cab, don`t be surprised to find a credit card machine in the backseat thanks to VeriFone Holdings. (PAY)
Financial expert Ray Martin explains to Hannah Storm how college students can manage school expenses without damaging their credit.
(New York) New York City taxi drivers protesting GPS and credit card devices began their second day on strike Thursday. The Taxi Workers Alliance is calling the action a big success but Mayor Bloomberg downplays the impact. CBS 2`s Magee Hickey reports.
Credit card
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This article is about the payment system. For The Price Is Right game, see Credit Card (pricing game).
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A credit card is a system of payment named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid later to the merchant. It is different from a charge card, which requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.
