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  2. Is closing a credit card bad? - AOL

    www.aol.com/finance/closing-credit-card-bad...

    Closing a credit card may hurt your credit, but the impact varies depending on your credit history. Sometimes, it makes sense to close a card even though it might affect your credit. You can take ...

  3. How credit card companies make money - AOL

    www.aol.com/finance/credit-card-companies-money...

    Credit card companies make money in a variety of ways. Portions of this article were drafted using an in-house natural language generation platform.The article was reviewed, fact-checked and ...

  4. Contactless payment - Wikipedia

    en.wikipedia.org/wiki/Contactless_payment

    Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card ...

  5. Why record-high credit card balances aren’t all bad news - AOL

    www.aol.com/finance/why-record-high-credit-card...

    If you have the average credit card balance ($6,088, according to TransUnion) and you only make minimum payments at the average credit card rate (20.74 percent), you’ll be in debt for 214 months ...

  6. Payment card interchange fee and merchant discount antitrust ...

    en.wikipedia.org/wiki/Payment_Card_Interchange...

    The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

  7. Carding (fraud) - Wikipedia

    en.wikipedia.org/wiki/Carding_(fraud)

    Carding (fraud) Carding refers not only to payment card based fraud, but also to a range of related activities and services. Carding is a term of the trafficking and unauthorized use of credit cards. [ 1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [ 2]

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