Nov 19, 2019

Macy's notifies online customers of potential credit card hack

Photo: Alastair Pike/AFP/Getty Images

Some customers using credit cards for online purchases at Macy's in October may have had credit card information stolen, according to a notification message sent to impacted customers posted by the news site BleepingComputer.

Driving the news: According to the notification letter, hackers injected code onto the Macy's website that would steal newly inputted credit card information. The code was active between Oct. 7 and Oct. 15.

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The states having the most trouble with credit card debt

Reproduced from CreditCards.com; Table: Axios Visuals

Americans living in Southern states will have the hardest time getting out of credit card debt, according to a CreditCards.com report that compares credit card debts and household incomes.

The state of play: Nine of the 10 highest credit card debt burdens are in the South, though New Mexico holds the top spot.

Go deeperArrowDec 4, 2019

American Express pays businesses to catch up to Visa and Mastercard

Photo: Andrew Matthews/PA Images/Getty Images

American Express is paying as much as $450,000 to businesses to entice them to take its cards, the Wall Street Journal reports.

Between the lines: "Amex has long lagged behind Visa and Mastercard in the race for American businesses," as it opted for well-heeled customers rather than mass-market appeal, the story notes.

Go deeperArrowNov 19, 2019

Holiday shoppers are unfazed by recession fears

Reproduced from an Experian chart; Chart: Axios Visuals

More Americans say they are worried about a recession next year and are getting more cautious about their spending habits and debt, but that didn't slow down their holiday shopping.

Driving the news: Data from Adobe Analytics shows Black Friday spending increased by nearly 20% over last year, rising to $7.4 billion, even as fewer retailers offered big in-store discounts. Brick-and-mortar stores saw an overall 6% decline in sales, according to preliminary data from ShopperTrak.

Go deeperArrowDec 2, 2019