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BUSINESS
January 6, 1992 | By William H. Sokolic, Special to The Inquirer
Move over, Sierra Club and Elvis fans. Caesars World Inc. has joined your ranks as a credit-card sponsor, the first casino company in the nation to put its name on a major piece of plastic. Since the inception of the Caesars program in Atlantic City a year and a half ago, the resort chain has enrolled more than 20,000 MasterCard holders. Credit-card users receive cash rebates and discounts to restaurants, shows and shops in the chain. Caesars World became part of a growing number of credit-card sponsors that appeal to groups of consumers with common interests.
SPORTS
February 1, 2008 | By Ashley Fox INQUIRER STAFF WRITER
The bill usually belongs to Tom Brady, because he is the quarterback and, after all, it is his responsibility. Linemen have to eat. Quarterbacks have to pay. But when the crowd swelled at a Scottsdale restaurant Tuesday night, with defensive players joining in on the offense's dinner, a good old-fashioned game of credit- card roulette determined who would pick up the tab. For offensive tackle Nick Kaczur, guard Stephen Neal and defensive lineman...
NEWS
December 31, 1986 | By Rose Simmons, Inquirer Staff Writer
If the Charles Dickens tale A Christmas Carol were updated to fit these times, Scrooge probably wouldn't bother gathering his hoard of cash to buy last-minute gifts for Tiny Tim and the others. He'd simply pull out a credit card and worry about the bill later. At least, that's how thousands of people in Scrooge's income bracket pay for their holiday purchases each year. And when it is finally time to pay the bill about 30 days or so later, bankers in South Jersey say, the credit-card customers rarely complain that they are being charged more than twice the prime interest rate on their purchases.
BUSINESS
May 1, 2008 | By Harold Brubaker INQUIRER STAFF WRITER
Advanta Corp. yesterday reported a steep decline in profit from its small-business credit cards in the first quarter, as the slumping economy caused more borrowers to fall behind in their payments. Even so, the Spring House company's class B shares jumped 16.45 percent, or $1.24, to $8.78 in Nasdaq trading yesterday because the earnings were better than expected. Advanta said its credit card operation earned $6.67 million in the first quarter, off sharply from $21.17 million in the same period a year earlier.
BUSINESS
May 22, 2001 | By Joseph N. DiStefano INQUIRER STAFF WRITER
Also in this column: First Union cuts jobs PhilEx reduces fees MBNA chief recovering Do gamblers borrow more? Casino operator Harrah's Entertainment Inc. has tapped MBNA America Bank of Wilmington to sell cards to 23 million gamblers who have registered at the company's casinos, restaurants and hotels from Atlantic City to Las Vegas, according to Harrah's spokesman Gary Thompson. Heavy users win discounts at Harrah's, Rio and Showboat casinos and casino-hotels.
NEWS
July 18, 1991 | By Christine Bahls, Special to The Inquirer
One adult and three juveniles have been charged with using a stolen Discover card to steal $1,500 worth of merchandise, Newtown Township police said. The credit card, stolen June 27 from a home in the 500 block of Atwood Court, was used from June 28 to July 3 for purchases at 14 shops in the Oxford Valley and Neshaminy Malls and the I. Goldberg outdoor clothing store in Philadelphia, investigating police Sgt. Charles Patton said. Quincy J. Connor, 18, of the Americana Terrace apartments in Morrisville, has been charged with criminal attempt and six counts each of conspiracy, theft by unlawful taking, theft of property lost, receiving stolen property and forgery.
NEWS
May 2, 1991 | By Robert J. Terry, Inquirer Staff Writer
Police believe that the man who gunned down Assistant Burlington County Prosecutor Rick Barbour went shopping in Center City 12 hours after the shooting and tried to use one of Barbour's credit cards to pay for his purchase. Philadelphia homicide detectives said yesterday that the suspect was with two other men when he tried to make a purchase using Barbour's Discover card. In addition, the man showed a New Jersey ID card as a backup, with Barbour's name but his own photo pasted on. Police declined to release the name of the store.
NEWS
June 4, 1994 | By LAURENCE S. SEIDMAN
The Clintons have their hearts in the right place concerning health care: They want universal coverage, an end to the barrier of "a pre-existing medical condition," and a guarantee that a person's coverage "can never be taken away" by losing a job or becoming ill. Their determination is in sharp contrast to the complacency of the occupants of the White House during the preceding dozen years. But their heads have let down their hearts. They have succumbed to political advice warning them not to propose replacing private health insurance with government health insurance.
BUSINESS
February 4, 2012 | By Harold Brubaker, Inquirer Staff Writer
A federal judge in Illinois temporarily halted an alleged telemarketing scam in Philadelphia and Jenkintown that defrauded financially strapped consumers of $4.82 million, the Federal Trade Commission said Friday. The FTC, which asked for a temporary restraining order Jan. 26, said the scheme involved bogus credit cards, under brand names such as "Platinum Trust Card" and "Express Platinum Card," with an upfront payment of $69 to $99, and a recurring monthly fee of $19. Many of the thousands of victims had applied online for high-cost pay-day loans shortly before telemarketers contacted them.
BUSINESS
December 2, 1997 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
Having agreed to buy Advanta Corp.'s vast but troubled credit-card business, Fleet Financial Group yesterday put one of the industry's most powerful executives in charge. Joseph W. Saunders, Household International credit-card chief, was named chairman and chief executive of Fleet's credit-card unit. The move was disclosed by Household and confirmed by Fleet yesterday, surprising senior Advanta officials who hadn't been told of the move. Saunders, 52, who is also chairman of MasterCard International's Global Board of Directors, will fill the vacuum left by the abrupt departure of Advanta chief executive Alex W. Hart and credit-card chief James Allhusen.
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NEWS
July 21, 2014 | By Carolyn Davis, Inquirer Staff Writer
Two Montgomery County brothers and a Philadelphia man have been charged in a scam that "duped" more than 70,000 people into buying a credit card they thought would help them buy merchandise over the Internet while improving their credit score, the U.S. Attorney's Office in Philadelphia said Friday. Blake Rubin, 30, of Huntingdon Valley, faces a prison term of up to 45 years and a $750,000 fine if convicted. Chase Rubin, 28, of Rydal, could get a maximum sentence of 65 years and a $1 million fine.
NEWS
July 18, 2014 | By Stacey Burling, Inquirer Staff Writer
Penn Medicine Tuesday announced a data breach involving receipts from Penn Medicine Rittenhouse that were stolen last month from a locked office in Pennsylvania Hospital. Notifications of the theft were sent to 661 patients Monday, said Susan Phillips, a senior vice president and spokeswoman for the health system. She said no arrests have been made. There have been no instances of identity theft related to theft. Phillips said that was a "very low risk. " Many of the receipts were found on hospital grounds.
NEWS
July 11, 2014 | BY STEPHANIE FARR, Daily News Staff Writer farrs@phillynews.com, 215-854-4225
THE CRINKLED brown lunch bag near Donna Kerwick's desk at the Philadelphia Parking Authority is filled with dozens of condoms. The receipt on the outside reads: "Rubbers: Small, medium, large. " The bag is stuffed in between a violin, a wheelchair and other items that, like the bag of condoms, were left behind in taxis and turned over by drivers who wanted to do the right thing. Nobody knows what the owner of the bag of condoms wanted to do. Kerwick, an analyst for the enforcement department of the PPA's Taxi and Limousine Division, headquartered at Swanson Street near Wolf in South Philly, is tasked with logging, tracking and reuniting people with items they've left behind in Philadelphia taxis.
BUSINESS
May 21, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
West Chester investment-fund manager Richard Gates and his twin brother, Kevin , are going to need Acela frequent-rider passes if their preemptive fight against the Federal Energy Regulatory Commission keeps up much longer. "It's my fifth trip down to D.C. in the last couple of months," Richard Gates said Monday. He runs the TFS mutual funds and other portfolios with assets totaling $2 billion with his brother and other math-genius partners. Kevin Gates served on a panel called "Mugged by the State: When Regulators and Prosecutors Bully Citizens" at the government-skeptical Cato Institute on Monday while Richard Gates was preparing for Tuesday's Senate committee hearing over whether President Obama's pick, Norman Bay , should chair the FERC board.
NEWS
March 7, 2014
I LIKE TO hear from readers, especially those with specific questions about financial issues. Here are five: Q: Given the increased frequency with which credit cards are being compromised, I wonder if using a secure credit card is a safer way to shop online. My reasoning is that a secured credit card requires the user to deposit money into a bank account. Because this account wouldn't be linked to my checking, it seems more secure. Should the account become compromised, the only risk is what money you've already earmarked for online shopping.
NEWS
January 27, 2014 | By Susan Snyder, Inquirer Staff Writer
PHILADELPHIA To illustrate his point, Spencer Ackerman ordered the panel moderator to hand over her wallet, from which he then withdrew a credit card. "I'm going to make a little indentation copy of it," Ackerman, the national security editor for the Guardian newspaper, told about a hundred in the audience at the American Library Association's annual meeting at the Convention Center in Philadelphia on Saturday. "Now, I have an impression of her credit card. Have I taken something from her when I took the card or only when I use the impression to make a purchase?"
BUSINESS
January 20, 2014 | By Reid Kanaley, Inquirer Columnist
Credit-card debt can sneak up on you. If you think $20,000 in such debt is no biggie, you're wrong. If you think you'll never have to deal with that kind of number, better think again. For all but a few of those facing it, living with a credit-card debt of $20,000 or more is a major life problem. A Credit.com online survey this month found 5 percent of respondents had such debt - and a significant portion of that group thought most people were like them. The most common reason for running up such debt, the post says, is that people "don't have sufficient income to cover their expenses.
BUSINESS
December 24, 2013 | By Erin E. Arvedlund, Inquirer Columnist
Give yourself the gift of losses. There are only six trading days left in 2013, so it's time to review your portfolio to see if there are any tax losses you can harvest. In other words, sell your portfolio's losers, use the losses to offset realized taxable gains, and lower your 2013 tax bill. Remember, you need to act by Dec. 31. Tax-loss harvesting, or selling investments such as stocks, bonds, and mutual funds that have lost value, can reduce your taxes on capital gains realized from selling winning investments.
NEWS
December 11, 2013
CAN I CONFESS? There was one time when I got into credit-card trouble, and it scared me quite a bit. I had a department-store credit card. I was just starting out as a reporter for the Baltimore Evening Sun . I wanted some nice clothes for work and a few items for my newly purchased condominium, which I bought a year out of college. I ran up $500. Today that amount may not seem like much, but for me it felt like $5,000. When I opened the statement and saw that my charges were that high, I panicked.
NEWS
November 28, 2013 | By Harold Brubaker, Inquirer Staff Writer
A potential stumbling block to the rapid takeoff of online gambling in New Jersey - where casino sites opened to the public Tuesday - is the refusal of many banks to allow gamblers to deposit money into online casino accounts with Visa cards. A 2006 federal law cracked down on such transactions, forcing banks to put rigorous systems in place to weed them out. Though they are legal now in New Jersey, Delaware, and Nevada, many big banks continue to snub Internet gambling. "For seven years, banks have been conditioned on the ramifications and the penalties associated with accepting illegal Internet gaming transactions," said Joseph Pappano Sr., vice president and managing director at Vantiv Inc., which is processing Visa and MasterCard transactions for online gambling in all three states.
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