All posts tagged "Credit"

New York (AFP) - US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms. Under the deal, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, a premium of 26.6 percent over Discover's closing price on Friday. Acquisition of Discover will help "build a payments network that can compete with the largest payments networks and payments companies," said Capital One founder and CEO Richard Fairbank in a statement. Once the deal goes through,......

An NYPD cop is facing criminal charges for sharing a suspect’s credit card number with bumbling buddies who tried but failed to use the digits on a Starbucks run, police and prosecutors said Wednesday. “Lunch on me guys!” Officer Andy Urrutia allegedly boasted in a text message chain with his friends after sharing an arrested woman’s credit card number, expiration date andsecurity code back on March 23. Urrutia, 23, also sent photos of the credit card, which was among the woman’s seized belongings while she was being held at the 52nd Precinct stationhouse in the Bronx. “Try it,” the cop wrote.......

Controversial Rep. George Santos is reportedly facing new allegations that he led a criminal credit card skimming ring in the latest damaging accusation to rock the freshman Long Island lawmaker. An ex-con former roommate of Santos told authorities that the freshman Republican was the mastermind of a 2017 identity theft scheme that they both took part in, Politico reported. “Santos taught me how to skim card information and how to clone cards. He gave me all the materials and taught me how to put skimming devices and cameras on ATM machines,” Gustavo Ribeiro Trelha said in asworn affidavit sen......

NEW YORK — Mayor Eric Adams and Comptroller Brad Lander are seeking to use the New York City government’s retirement investments as leverage to pressure the credit card industry into launching a system for tracing gun purchases, arguing that such a mechanism could help prevent future mass shootings. Under current rules, MasterCard, VISA, Amex and other credit card networks must categorize purchases at everything from grocery stores to bicycle shops under specific merchant category codes. But there are no such codes for gun and ammunition retailers — meaning buys in those categories are only li......

NEW YORK — Cops have arrested an FDNY EMT caught on video swiping a credit card from a Queens patient he was transporting to the hospital, police said Wednesday. EMT Robert Marshall, 29, allegedly used the stolen card to rack up $800 in purchases before he was arrested Tuesday for grand larceny. The first responder was taking the woman to a Queens hospital on Aug. 8 when he was caught on video pocketing the card, according to a police source. He was later caught on video using the card at at least one store, police said. After identifying Marshall as the thief, cops nabbed him while he was off......