Entries by jwrighte

Gift Card Fraud: The Latest Consumer Fraud Threat

Impostors Use Deceptive Claims to Swindle Consumers Every day, criminals find new ways to scam people out of their money. For example, one of the latest-developing attack methods relies on convincing cardholders to buy gift cards, then turn the gift card number over to the fraudster. Why would people do this? Because the fraudster convinces […]

Is There a Minimum Amount for Cashback Rewards?

Your Cashback Minimum Depends on the Conditions of Your Specific Card If you hold a credit card, there is a decent chance that there is some form of rebate or rewards program attached to that card. Issuers including Bank of America, Chase, Discover, Capital One and American Express, just to name a few, typically offer […]

Chargebacks on a Credit Card Affect Businesses and Customers

Chargebacks on Credit Card Purchases Cost Billions Annually in Lost Revenue Although you may not have ever heard the term “chargeback,” you might be familiar with the concept. A chargeback is essentially a refund performed at the bank level. After completing a transaction, a dissatisfied cardholder’s bank forcibly withdraws money from a seller’s account and […]

Stay Safe Online: You’re More Vulnerable Than You Think

Your Personal Information is Exposed and Available to Fraudsters Everyone seems to be paying close attention to cyber security these days. Even still, the seemingly constant stream of high-profile data breaches making news headlines suggests that we are always a step behind the criminals. However, are consumers putting too much emphasis on certain aspects of […]

Monica Eaton-Cardone’s Advice For ID Theft Prevention

Debit Cards and ATMs May Leave Consumers Vulnerable The threat of identity theft is a major concern among consumers. According to USA Today, identity theft reports by consumers jumped by 47% in 2015. As co-founder of eConsumer Services®, Monica Eaton-Cardone is an expert on the subject of fraud and identity theft prevention. Earlier this week, […]

What This New Credit Score Measurement Tool Says About You

What Are Revolvers and Transactors? How Will These Labels Impact Your Credit Score? There is an old myth which suggests that leaving a small balance on your credit card will actually help boost your credit score. While that may not make a whole lot of intuitive sense, plenty of people continue to believe this is […]

Monica Eaton-Cardone Featured on TheStreet

eConsumer Services® Co-Founder Monica Eaton-Cardone Discusses Millennials, Banking and the Future of Finance In 2015, Millennials surpassed Gen Xers for the first time in terms of their share of the US workforce. More than one in three American workers are now under the age of 35, placing Millennials as the largest generational share of American […]

What is a Return Item Chargeback?

What is This Unfamiliar Fee on My Bank Statement? If you’re like most consumers, you might have a rough knowledge of your current checking account balance. Gone are the days when people would sit down for hours on end to meticulously record bills and balance the checkbook; a casual scan of the bank statement for […]

Are Free Trial Offers Really Free?

If a Sale or Online Special Seems Too Good to Be True, It Usually Is We’ve all heard the cliché warning, “there’s no such thing as a free lunch,” but it has never rung as true as it does online. Products and services advertised with free trial offers are almost never what they seem. While […]