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MERCHANTS

The Wire

Web Merchants Fighting Costs of Fraud

Talk about buyer's remorse: A man who had purchased a $4,500 custom-made engagement ring over the Internet abruptly called off the wedding just days before the big day — then called his credit card company to get his money back.

The Vine
Grocery gives sweet taste of victory -- chicagotribune.com
Source: Chicago Tribune

Merchants are finding emerging neighborhoods can be profitable. It is about time.

California Sues Over Credit Ratings of Securities
Source: CNBC Top News and Analysis

Moody's Investors Service, Standard & Poor's and Fitch — "made negligent misrepresentation" to the pension fund, which provides retirement benefits to 1.6 million public employees in California.

Quite Colorful - American Express Black Card Holder
Source: Miami New Times

He claims the title "Baron" and obviously flaunts his extravagance, however Richard von Houtman has quite a colorful background as the article outlines Is this a trend concerning the personality type of an individual who holds a Black Card? Bernie Madoff had one, too.

American Express worker's £67,000 spending spree to get revenge on firm 'for ruining his life'
Source: the Mail online

This seems to be an unfortunate trend for American Express this week making headlines with disgruntled workers for the plastics giant.

Credit Card Default Rate Hits Record High
Source: CNBC Top News and Analysis

This should have an impact on the credit card stocks this week.

Courtney Love Battles With American Express
Source: Celebrity Cafe

I think Courtney is going to give American Express hell.

What Small Business Can Do When Lines of Credit Are Trimmed
Source: Bellingham Herald

Last November he received a letter from American Express stating the business' $90,000 line of credit had been cancelled because the entire program had been shut down. Other financial institutions followed suit and essentially hurt the credit worthiness of his business.

Credit Card Reform: Not Good For All
Source: Charlotte Observer

"The thing that bothers me," he added, "is that someone with good credit who hasn't missed a payment, is carrying a balance but has been paying it religiously – traditionally that customer was the bread and butter of the industry.

MIT Grad and Former AmEx manager Peter Lindner seeks election to AXP's board
Source: Forbes

A former American Express Co. senior manager, Peter Lindner, is seeking election to the financial services company's board of directors, advocating revisions in its code of conduct.

The Human Chain of Gratitude

This morning, I walked into my living room from another part of my home and on the TV was a local program that I rarely watch the 'Sacramento and Co'.

Legal Bully American Express - Can't Require Class-Action Waiver
Source: Bloomberg.com

This is much-needed good news for the customers, clients and shareholders of American Express. Finally, someone has gotten wise to their 'heavy on the attorney employee roles" and have reinstated complaints filed against the Plastic Behemoth.

Merchants report considerable weakness in December sales - Jan. 8, 2009
Source: CNN

No. 1 retailer misses forecasts, warns for the quarter. Sears, Macy's among national chain stores that suffered considerably weak holiday sales.

Gambian immigrant pocketed £20,000 in benefits after claiming she had 18 children | the Daily Mail
Source: the Mail online

The system gets riped of again and again, the Social security system with all the Hi Tech at it's hands still is wide to scams and cheats like Ms Caockmari Omoike.

Visa's Secret Rules
Source: creditcardsvsmerchants.blogspot.com

Mike Gharib is facing a $5,000 fine for violating Visa's rules, although he says he has never seen a copy of them because Visa does not make them available to its merchants.

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