Here are some financial news this week you might find it interesting:
Charles Schwab no longer sponsoring the 2% FIA Card
According to FIA Cards Services official announcement, starting October 1sts, Charles Schwab no longer sponsor the 2% cash back credit card.
FIA Card Services will make all decisions regarding terms, conditions, and reward programs. Users will continue to use the Schwab Bank Invest First Visa card to get the 2% cash back. There are no changes to your current terms, conditions, or reward programs. Again, the Schwab Bank Invest First Visa card will still be getting 2% cash
back on purchases.
For all questions, you can call 800-785-7816.
visit fiacardservices.com to access your account from now on.
Why Wesabe lost to Mint – Marc Hedlund(founder of Wesabe)
This is a good read and an interesting point of view straight from the founder of Wesabe. He provides great insights on why his company lost to Mint.
Here’s an except from Cnn.money :
Second, Mint focused on making the user do almost no work at all, by automatically editing and categorizing their data, reducing the number of fields in their signup form, and giving them immediate gratification as soon as they possibly could. We completely sucked at all of that.
Verizon Wireless to Pay $90 Millions in Refunds
Those with Verizon Wireless or former customers, you will be getting $1.99 back for wrongly charged data sessions.
From the New York Times article:
Verizon Wireless said on Sunday that it would pay up to $90 million in refunds to 15 million cellphone customers who were wrongly charged for data sessions or Internet use, one of the largest customer refunds by a telecommunications company.
Verizon Wireless, which may also be asked to pay a penalty, said the range of potential payments was $30 million to $90 million.
The announcement came in a statement from Verizon Wireless as the company held talks with the Federal Communications Commission about complaints of unauthorized charges and in response to questions about a possible settlement of an F.C.C. investigation into the issue.
Verizon said in its statement that the customers would receive credits from $2 to $6 on their October or November bills or, in the case of former customers, refund checks.
The refunds will be paid to customers who did not have data access plans but who were nevertheless assessed one or more charges of $1.99 because of data exchanges initiated by software built into their phones, or because of charges for inadvertently going online on the phones.