Thursday, 15 June 2017

Nationwide Select Credit Card

BALTIMORE, MD — The credit card information of customers at the Rusty Scupper may have been compromised over a 10-week period between the end of last year and early this year, officials say.

Customers may have had their card numbers, card expiration dates, card verification values and cardholder names stolen from the Rusty Scupper at 402 Key Highway between Oct. 27, 2016, and Jan. 9, 2017.

The Secret Service is helping investigate the incident, which impacted 12 restaurants nationwide that are managed by Select Restaurants.

The company says it began investigating unusual activity related to its third-party vendor and data systems on March 30. After contracting an independent forensic expert to look into its systems, Select Restaurants had its suspicions confirmed in late April: There had been a possible compromise of guests' debit and credit cards over a roughly three-month span.

After discovering the breach, Select Restaurants employed forensic investigators to remove any malware and implement new procedures to prevent further breaches.


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“Select Restaurants takes the security of our guests’ information seriously, and we apologize for the inconvenience this incident has caused our guests,” Alan Donatelli, president and COO of Select Restaurants, said in a statement. “We continue to work with third-party forensic investigators and law enforcement officials to ensure the security of our systems, and do all we can on behalf of our guests.”

A spokesperson for Select Restaurants did not immediately return Patch's request for comment.

Impacted restaurants and their dates of compromise are below.

Rusty Scupper, 402 Key Highway, Inner Harbor Marina, Baltimore, Md. — Oct. 27, 2016 - Jan. 9, 2017
Parkers' Lighthouse/Queensview Steakhouse, 435 Shoreline Village Dr., Long Beach, Calif. - Oct. 27, 2016 - Jan. 5, 2017
Countyline Tavern, 800 W Lake Cook Rd., Buffalo Grove, Ill. - Oct. 27, 2016 - Jan. 8, 2017
Parkers’ Restaurant & Bar, 1000 31st St., Downers Grove, Ill. — Oct. 27, 2016 - Jan. 9, 2017
Winberie's Oak Park, 151 North Oak Park Ave., Oak Park, Ill. - Oct. 26 - Jan. 7, 2017
Skywalk Observatory, 800 Boylston St., Prudential Tower Floor 52, Boston, Mass. - Oct. 26, 2016 - Jan. 10, 2017
Top of the Hub, 800 Boylston St., Prudential Tower Floor 52, Boston, Mass. - Oct. 26, 2016 - Jan. 10, 2017
Winberie's Princeton, One Palmer Square, Princeton, N.J. - Oct. 26, 2016 - Jan. 10, 2017
Winberie’s Summit, 2 Kent Place Boulevard, Summit, N.J. - Oct. 26, 2016 - Jan. 7, 2017
Black Powder Tavern, 1164 Valley Forge Road, Wayne, Penn. — Oct. 27, 2016 - Jan. 8, 2017
Parkers' Blue Ash, 4200 Cooper Road, Cincinnati, OH - Oct. 27, 2016 - Feb. 3, 2017
Pier W, 12700 Lake Avenue, Winton Place, Lakewood, OH - Oct. 27, 2016 - Jan. 7, 2017

aqua Reward With Cashback

Capital One has stopped offering cashback credit cards to new customers and is set to remove or reduce cashback rates for some existing customers from 1st June.

This move follows a ruling in the European Parliament to cap interchange fees. These are charges paid by retailers to card issuers when a debit or credit card is used as payment.

These hidden charges typically cost retailers 8p for debit card transactions and around 0.8% for credit card payments, which are often passed onto customers.

But under the new regulations coming into force later this year the fees will be capped at 0.2% for debit cards and 0.3% for credit cards. It’s estimated the move will lead to a €6 billion (£4.34 billion) reduction in card fees.

The move is designed to improve competition and transparency, but it’s feared credit card providers will axe rewards and 0% deals or charge higher fees in order to limit their losses.

Capital One’s decision to axe its cashback credit cards and scale back the perks for some existing customers is the first sign of this happening. It says its cashback rewards will become “unsustainable” under the new market conditions.

[Related story: First Direct offers £25 cashback on its credit cards]

Existing customers
Capital One wouldn’t reveal which cards would be impacted by changes, but said affected customers are now being contacted.

What we do know is existing customers can continue to earn cashback until 1st June. But after this date the cashback rate will either be reduced or ditched altogether.

Cashback accrued up until this date will be paid out to customers that will no longer be able to earn through their credit card.

The firm also confirmed it would not be increasing any fees or charges as a result of the new rules.

Instead annual fees would be scrapped for affected customers, with those that have already paid for the year refunded.

[Related story: American Express cards can now be used in Post Offices]

Alternative cashback credit cards
If you have a Capital One card and aren’t happy with the changes there are still other cashback credit cards out there that will offer a better deal.

The fee-free American Express Platinum Cashback Everyday card pays a market-leading 5% cashback on spends up to £2,000 (capped at £100) in your first three months with the account. Thereafter you can enjoy tiered interest depending on how much you spend. You’ll earn 0.5% on spends up £3,500, 1% on spends over £3,500 up to £7,500 and 1.25% on spends over £7,500. The card has an APR of 19.9%.

For a £25 annual fee you can get the American Express Platinum Cashback card which pays 5% cashback on spends up to £2,500 (capped at £125) within your first three months with the card. Thereafter the card will pay 1.25% on all purchases, which doubles in your anniversary month with the card. The card has an APR of 18.7%.

The Santander 123 credit card pays 1% on supermarket spending, 2% on department store purchases and 3% on petrol and train fares (up to £300). It also comes with a market leading 23-month 0% period on spending as well as 23 months 0% on balance transfers if you need it.

The card has a £24 annual fee and an APR of 16.5%.

Those with a poor credit history can go for the Aqua Reward card. It pays 0.5% cashback on all purchases as long as you stay within your credit limit. The card will help you build up your credit rating and comes with a limit of between £250 and £1,200.

You’ll want to pay off what you spend each month though as the card charges 34.9% APR.

Chrome Credit Card 24.7% APR (variable)

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Santander All in One Credit Card

Banco Santander SA is lining up a raft of banks, including Credit Suisse Group AG and Deutsche Bank AG, to underwrite its planned 7 billion euro ($7.8 billion) capital increase, people with knowledge of the matter said.

Spain’s largest lender has also picked Barclays Plc, Banco Bilbao Vizcaya Argentaria SA, HSBC Holdings Plc and CaixaBank SA, to participate, the people said, asking not to be named as the details aren’t public. While no final decisions have been made, the bank plans to tap shareholders by July, they said.

Italian lenders Intesa Sanpaolo SpA, Mediobanca SpA and UniCredit SpA are also expected to have roles on the deal, the people said. Santander was one of the managers on UniCredit’s 13 billion euro rights sale in February, the largest such transaction by a bank globally this year.

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Santander is expected to name even more banks on its sale, the people said. European banks have announced about $37 billion in additional stock sales this year and sellers are careful to include all their lending banks as well as those who may give them business in the roster of advisers. The large sales this year have typically included a dozen banks or more, and Deutsche Bank had 32 advisers on its 8 billion euro sale, data compiled by Bloomberg show.

Banks on Santander’s stock sale could be paid up to 1.5 percent of what they underwrite in deal fees, with global coordinators also getting a structuring fee, the people said.

Santander is raising funds to shore up Banco Popular Espanol SA’s balance sheet after acquiring the bank for 1 euro in a deal brokered by European regulators following a run on deposits. Citigroup Inc. and UBS Group AG are global coordinators on the stock sale.

Representatives from Santander and the banks declined to comment.

Shares of Santander fell 2.1 percent to 5.93 euros at 5:09 p.m. in Madrid. The stock has gained about 2.2 percent since the day before the lender announced the capital increase last week, an indication of investor appetite for bank fundraising.

This will be the second time chairman Ana Botin taps shareholders for new funds since she took over as Santander’s No. 1 executive in September 2014 following her father’s death. In January 2015, the lender announced a 7.5 billion euro share sale to strengthen the bank’s capital. Goldman Sachs Group Inc. and UBS ran that capital increase.

Halifax 29 Month Balance Transfer Credit Card

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