Credit, debit cards outphased?
NEW YORK: ATandT Inc and Verizon Wireless, the biggest US mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc and MasterCard Inc, three people with direct knowledge of the plan said. The partnership, which also includes Deutsche Telekom AG unit T-Mobile USA, may work with Discover Financial Services and Barclays plc to test …
Read more on Business Times

Credit, debit cards outphased?
NEW YORK: AT&T Inc and Verizon Wireless, the biggest US mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc and MasterCard Inc, three people with direct knowledge of the plan said.
Read more on Business Times

U.S. Company Credit Risk Declines to Lowest Since May, Default Swaps Show
A gauge of U.S. corporate credit risk fell to the lowest in more than two months as manufacturing slowed less than economists had forecast, spurring investor optimism that the economy may avoid a double-dip recession.
Read more on Bloomberg

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Filed under: Credit Repair

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