Articles about Credit

Woman pays for something online with her credit card. Photo by Shutterstock

Experian Audience Engine knows almost as much about you as Google

We have grown so used to credit reference giants like Experian knowing almost as much about us as Google, but unlike Google, they put this information up for sale. This is perhaps why we have forgotten that Experian could form the basis of one of the most powerful personal intelligence systems in the world. And that it is a …
Faultline, 9 May 2016

Uncle Sam spanks PayPal for credit scheme cockup

Updated PayPal is going to surrender $25m to settle charges it enrolled consumers into its credit platform without their knowledge or consent. The US government's Consumer Financial Protection Bureau (CFPB) alleges the online payment house used its "Bill Me Later" feature to lure consumers into its credit operation illegally. The …
Shaun Nichols, 19 May 2015
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Comcast sued for – you guessed it – allegedly SCREWING OVER CUSTOMERS

A Chicago man is suing cable giant Comcast for allegedly breaking the law by running a check on his credit history after he'd paid them not to. Keith Santangelo claims that even after he gave Comcast $50 to skip the check, his financial record was still obtained by the telco. His lawsuit, filed in Illinois, accuses the company …
Shaun Nichols, 16 Jan 2015
Disney's Beagle Boys

Experian subsidiary faces MEGA-PROBE for 'selling consumer data to fraudster'

Several US states have launched an investigation into a subsidiary of credit reference bureau Experian after a fraudster allegedly bought millions of consumers' personal data from it. Vietnamese national Hieu Minh Ngo allegedly used information obtained through Experian subsidiary Court Ventures to run two identity fraud- …
John Leyden, 7 Apr 2014

Tech Data goes for big gun credit man amid accounts probe

Tech Data UK has opted for a big hitter to head up its credit function amid the continued probe into accounting irregularities. Blighty's largest distributor has hauled in former Sun Microsystems global credit manager Kevin Corcoran as director of credit services and after sales management. The second element to the title is …
Paul Kunert, 27 Nov 2013
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Major Brit IT provider denies turning to fellow resellers after burning up lines of credit

British comms provider Azzurri has rejected suggestions that its finances are so precarious it has been forced it to tap up fellow resellers for product. Azzurri provides various well-known UK firms and government departments with comms and data services, reselling a range of vendor products in the telecomms, networking and …
Paul Kunert, 17 Jun 2013
Pigeon crapping on statue

Tears, laughter and bankruptcy: How not to go bust

Feature Bankruptcy? You don't know whether to laugh or cry. It was a lunchtime tech awards ceremony in the West End many years ago. The trophies were polished, the golden envelopes were ready to be opened to gasps of joy and waiters were circulating with the canapes and fizz. Suddenly some rather large men in suits appeared among the …
Steve Bell, 30 May 2013
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Fund-a-mental: The real problem with clouds and managed services

Comment It’s all very well dodging the economic downturn by hopping on the cloud bandwagon, but you might find this also puts you out of reach of the industry’s established funding models. It’s a truism that one of the problems holding back British business is getting access to credit and other forms of funding. The government has …
Eddie Pacey, 29 Apr 2013
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Dixons keeps wolves from the revolving credit facility door

Dixons Retail has inked a £300m revolving credit facility with its financial backers that should ease the cash flow of Blighty's largest retailer. The deal extends Dixons current facility, which was due to mature next year, until the end of June 2015. Sources say this will provide short term guarantees that should keep the …
Paul Kunert, 25 May 2012
Tumbleweed via Shutterstock

IT firms drown as rising tide buoys rest of UK plc

The number of British business failures eased back in April, however IT firms bucked the trend with insolvencies up by a third compared to last year. Credit ratings giant Experian said that 1,564 businesses failed in April, compared to 1,808 company collapses in the same month last year. Put another way, this was 0.08 per cent …
Joe Fay, 24 May 2012
The Register breaking news

Facebook looks for more credit with the banks

Facebook is planning to add a few extra bucks to its $2.5bn credit line to help cover the major tax bill for employee stocks when it goes public. The social network, which already upped its credit just six months ago, is taking more cash while it can get it, sources told Reuters. Facebook has said that it will foot the tax …
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Shift to cloud computing puts squeeze on resellers' finance

The channel's long-term shift to cloud computing and managed services will force resellers to totally rethink historic forms of finance. Financial mechanisms including invoice discounting (ID) have long been used as an overdraft facility by some smaller and mid-market dealers to support cash flow but this avenue looks likely …
Paul Kunert, 6 Dec 2011
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Micro Anvika forced into cash-only trading

Fears are mounting over the future of veteran Tottenham Court Road retailer Micro Anvika after credit insurers removed cover for suppliers and it was forced to trade on a cash-only basis. The firm continues to pay bills on time but channel sources have questioned whether the pressure on working capital is sustainable following …
Paul Kunert, 14 Nov 2011
The Register breaking news

Credit card 'flash attack' steals up to $500,000 a month

Credit card fraudsters may have pocketed as much as $500,000 over the past month by pursuing a new type of attack that exploits a major blind spot in payment processors' defenses, an analyst said. The "flash attacks" recruit hundreds of money mules who go to ATMs throughout the US and almost simultaneously withdraw relatively …
Dan Goodin, 27 Oct 2010
The Register breaking news

Spy chief to Obama: Let DARPA fix economy

Newly-inaugurated President Barack Obama has been urged by a top US spysat chief to revitalise America's economy through the use of DARPA*, the legendary Pentagon barmy-boffinry bureau which has given the world the internet and the stealth bomber. More recently the agency has also sponsored initiatives such as mindreading peril- …
Lewis Page, 21 Jan 2009
The Register breaking news

Banks to share data on promiscuity

If you want credit, be prepared to hand over a little bit more personal info to the data inquisition in future. That looks like being the inevitable end-result of an announcement by UK banks that in order to help you manage your credit more responsibly, they are planning to expand the range of data that they will share with one …
Jane Fae , 11 Nov 2008
Apple

Apple to issue refunds for sparky, prematurely dying products

Apple has agreed to give US and Canadian customers two separate settlement offers to make charges of faulty and misrepresented products go away. Canadian owners of older iPods can get a CDN $45 (credit) rebate over claims the battery life in its devices were much shorter than advertised. Americans who purchased replacement …
Austin Modine, 9 May 2008

Apple lobs $100 credit at iPhone buyers

Much to our surprise, Apple mavens have revolted against Steve Jobs. And he's trying to appease them. After receiving hundreds of emails from iPhone buyers upset that Apple lopped $200 from the price of its handheld status symbol just 68 days after its debut, Jobs has offered an olive branch. According to a letter posted …
Cade Metz, 6 Sep 2007

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