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2012: Peoples Trust launches it online banking platform 2008: Peoples Trust becomes a Visa Issuer, one of the first institutions in Canada to have both Visa & MasterCard products. 1987: Peoples Trust becomes one of the first Mortgage Backed Securities issuers in Canada 1985: Peoples Trust opens its doors offering lending and deposit services.
After acquiring People's Bank of Vernon, CT, in 1983, the company was renamed People's Bank. [5] [6] It then acquired several other banks in New England to become the second largest in the region. In 1985, the company began issuing credit cards, [5] but by 2004, it sold its credit card division to the Royal Bank of Scotland at a premium of $360 ...
In 1996, four million merchants sued Mastercard in federal court for making them accept debit cards if they wanted to accept credit cards and dramatically increasing credit card swipe fees. This case was settled with a multibillion-dollar payment in 2003. This was the largest antitrust award in history. [35]
A credit card is a useful financial tool, but it can be a danger to your financial health if you misuse it. To avoid that, make sure you understand the language that credit card issuers use to ...