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American Express to pay $75.7 million for overbilling

Credit-card giant American Express Tuesday announced a $75.7 million settlement to resolve charges that it overbilled consumers and misled customers on services provided.

Posted: December 25th, 2013 in Latest Business Stories | Read More »

Citibank offers debt payment relief to those displaced by Bohol-Cebu quake

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Citibank

Global banking giant Citibank has offered debt payment relief to credit cardholders and personal loan customers who were victimized by the recent 7.2-magnitude earthquake that devastated Central Visayas.

Posted: October 21st, 2013 in Latest Business Stories | Read More »

Transforming PH into a modern, cashless society

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Iain Jamieson, Visa country manager for Philippines and Guam (right) shares a toast with Batara Sianturi, Citi Country Officer (left) and Bea Tan, Consumer Business Manager (Center), to celebrate the launch of the Citibank Visa payWave contactless credit card in the Philippines. MATIKAS SANTOS

Say goodbye to long lines at cashiers who are asking for a smaller bill or asking for coins when buying groceries at supermarkets, drinks at coffee shops, and tickets to the movies.

Posted: September 19th, 2013 in Latest Business Stories | Read More »

Airline firm’s credit card policy irks passengers

AFP file photo

Several passengers bound for Singapore early Wednesday were irked over a policy by an airline company, which refused to honor their tickets that were paid for online with credit cards owned by either their companies or by their travel agencies.

Posted: June 13th, 2013 in Latest Business Stories | Read More »

MasterCard exec upbeat on ‘world beyond cash’ in Asia

A world beyond cash is emerging in Asia, and will continue to rapidly grow, predicts MasterCard worldwide president for international markets Ann Cairns who visited Manila as part of her trip to major Asian cities.

Posted: June 8th, 2013 in Headlines,Inquirer Features | Read More »

As credit grows, so do banks’ collection risks

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With the explosion of consumer credit and expansion of the economy, Philippine banks are being urged early on to improve their collection systems for small loans and receivables to prevent problems down the road.

Posted: April 23rd, 2013 in Headlines | Read More »

Lessons from his grandparents

By
Citibank

Michael Zink, head of Citibank for Asean and Singapore country officer, laughs as he catches himself quoting yet again his grandparents. “May be I should write a book—“What I Learned from My Grandparents.”

Posted: December 29th, 2012 in Editor's Pick,Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Citibank ties up with Megaworld for credit card

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citibank-megaworld

Citibank has teamed up with tycoon Andrew Tan-led property developer Megaworld Corp. to roll out a co-branded credit card product that offers perks in the latter’s various retail and recreational hubs.

Posted: November 19th, 2012 in Latest Business Stories | Read More »

Credit card debts surge 13% to P137B in 1st semester

By
Mastercard

Outstanding credit card debts of consumers in the country grew by a double-digit pace in the first semester as the robust appetite of Filipinos to spend triggered more credit-aided purchases.

Posted: October 29th, 2012 in Latest Business Stories | Read More »

‘EveryDay’ plastic

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Newly listed East West Bank has long identified lending to the consumer as a key strategy to be a “progressive” and “forward-looking” bank—one that plays a significant role in the banking system and whose brand resonates across households.

Posted: August 27th, 2012 in Headlines | Read More »

Regulator steps up effort to protect consumers

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The Bangko Sentral ng Pilipinas is embarking on a campaign to fully protect consumers from those engaging in financial scams.

Posted: April 13th, 2012 in Headlines | Read More »

Should I use my credit card during holiday season?

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I have been busy the past few days and I haven’t bought my Christmas gifts yet for my friends and loved ones. I am running low on my cash as I am also planning to host a Christmas party in my house and go on vacation next week. Should I use my credit card to pay for my purchases?—Tonie by e-mail

Posted: December 20th, 2011 in Editor's Pick,Headlines | Read More »

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