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  2. Surprise costs at major auto lender drive borrowers deeper ...

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    Lucas Waldron/ProPublica. At that point, Exeter often repossesses a car and sends the bill to a debt collector, regulatory records show. In some cases, the company makes more money on loans that ...

  3. European Payments Initiative - Wikipedia

    en.wikipedia.org/wiki/European_Payments_Initiative

    The idea of introducing a pan-European card scheme within the Single Euro Payments Area was born around 2008. In 2010, major European banks from more than ten countries met at the "Madrid Symposium" to discuss the initiative and make plans to take it forward.

  4. GE Capital - Wikipedia

    en.wikipedia.org/wiki/GE_Capital

    GE Consumer Finance controlled most credit cards and loans and has a strategic partnership with Coles Group to operate the Coles Group Source MasterCard. GE Consumer Finance governs the GE Creditline, GO MasterCard, gem Visa and Buyer's Edge cards which all offer interest-free terms at participating retailers.

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  6. Authorization hold - Wikipedia

    en.wikipedia.org/wiki/Authorization_hold

    Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.

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  8. Capital One - Wikipedia

    en.wikipedia.org/wiki/Capital_One

    The company helped pioneer the mass marketing of credit cards in the 1990s. [5] The company's three divisions are credit cards, consumer banking and commercial banking. As of December 31, 2022, the company had loans receivable of $114 billion from credit cards, $75 billion from auto loans, and $85 billion from commercial loans. [2]

  9. Maestro (debit card) - Wikipedia

    en.wikipedia.org/wiki/Maestro_(debit_card)

    The payment is authorized by the card issuer to ensure that the cardholder has sufficient funds in their account to make the purchase. The cardholder then confirms the payment by either signing the sales receipt or entering their 4- to 6-digit PIN , except with contactless transactions below a specified amount for which no further verification ...