Category: News

Costco Complicating Cross-Border Shopping

Posted September 29, 2014 by CCC Staff in
Photo via flickr  Adam Galloway  CC BY-SA 2.0

Photo via flickr Adam Galloway CC BY-SA 2.0

Cross-border shopping at Costco just got more complicated. News recently broke that negotiations between AmEx and Costco broke down, putting an end to a longstanding agreement between the two. Starting January 1, 2015, the only credit card available to Costco shoppers will be MasterCard. Costco has entered into a new partnership with MasterCard and its Capital One card.

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Costco Switches from AmEx to MasterCard

Posted September 25, 2014 by CCC Staff in

Costco Building

Costco customers will have to use a new credit card next year. The wholesaler failed to come to a new agreement with American Express. Costco shoppers will be able to use AmEx at its stores until December 31st – after that AmEx cards will no longer be accepted. With 88 stores across Canada, Costco is one of the country’s largest retailers. The negotiation breakdown comes as a blow to AmEx, who just recently launched two cash-back credit cards.

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Home Depot Credit Card Breach Update: The Latest Details

Posted September 23, 2014 by CCC Staff in
Home Depot Swipe Terminal

Photo via Mike Mozart CC BY 2.0

It’s been a busy week for Home Depot, who is currently in news headlines for all the wrong reasons. After last week’s blog post, we have further details on the credit card breach that occurred at Home Depot. The home improvement retailer confirmed a breach occurred at its 2,200 stores in the U.S. and 180 in Canada. Security firms have estimated as many as 60 million accounts could be affected and lead to as much as $3 billion in fraudulent charges.

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Lower Credit Card Transaction Fees Could Lead to Lower Rewards

Posted September 18, 2014 by CCC Staff in ,

Paying at POS Terminal

Small businesses are faced with a difficult and costly decision when it comes to credit cards: offer credit cards as a method of payment and eat the costly transaction fees that come up with, or only offer debit and cash and risk losing customers. It’s a lose-lose situation for small businesses. After another month of dismal job numbers, it’s small businesses that are the lifeblood of our economy.

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Credit Card Breach Hits Home Depot

Posted September 11, 2014 by cccadmin in
Home Depot Storefront

Photo via Mike Mozart flickr CC BY 2.0

Home Depot is the latest retailer to be affected by a credit card data breach. The home improvement retailer said it’s working around the clock to investigate, and patch up some unusual activity that took place on its network.

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