article thumbnail

Warren Buffett, American Express Reaping Platinum Card Rewards

PYMNTS

“At the end of the day, we feel good about our performance because we have a very diversified business platform,” Chenault told FOX Business ’ Liz Claman at the annual Berkshire Hathaway shareholder meeting in Omaha, Nebraska, which was also attended by Warren Buffett, American Express’s largest shareholder.

Cards 100
article thumbnail

Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

Cards 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

First National Bank Of Omaha Shutters NRA Visa Card

PYMNTS

First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. First National Bank of Omaha offered two NRA cards with a $40 bonus and promoted it as “enough to reimburse your one-year NRA membership!”

Omaha 118
article thumbnail

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Debit card spending is down 12 percent for the same period. Gas spending was down 55.5

Study 141
article thumbnail

CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices

PYMNTS

The CFPB will collect more than $32 million in fines from First National Bank of Omaha over credit card practices the regulator found to be deceptive. The bank has $18 billion in assets, is based in Omaha, NE, and is a unit of First National of Nebraska Inc. Credit card extras are a particular favorite target for the CFPB.

Omaha 100
article thumbnail

CFPB highlights credit card complaints in fourth monthly complaint report

CFPB Monitor

The new report highlights credit card complaints and complaints from consumers in the Chicago, Illinois metro area. Complaints about prepaid cards showed the greatest percentage increase, increasing about 45 percent from the same time last year (July to September 2014 compared with July to September 2015). (In

Cards 60
article thumbnail

i2c Brings Former Macaluso Group EVP Dargan On Board For VP Role

PYMNTS

Those channels stretch across card networks, BIN sponsor banks and systems integrators, among others, the company said in a statement. In other recent hiring and expansion details, the company said earlier this year that it had opened an operations center in Omaha, Nebraska. In an announcement on Tuesday (Aug.

Groups 100