Roseville police are investigating what they believe to be an identity theft and credit-card skimming operation at the Chinese Gourmet Express restaurant in the Rosedale Center mall. Losses are estimated at $100,000.
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Roseville police officers posed as buyers and made the bust at a hotel.
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It involves creating fraudulent shipping companies.
The company that owns Manny's Steakhouse, Chino Latino and other popular Twin Cities restaurants has its waitstaff in "quasi revolt," according to City Pages, after telling servers they'll have to start turning over 2 percent of their credit card tips to make up for rising fees.
Toronto-based TD Bank Group will acquire Target's consumer credit card portfolio for nearly $6 billion, according to a company news release. The Minneapolis-based retail giant has also entered into a seven-year agreement under which TD Bank will underwrite, fund and own future Target Credit Card and Target Visa receivables in the U.S.
The Credit Union National Association says 10,200 Minnesotans have joined credit unions in the last month. Both Wells Fargo and U.S. Bank have taken criticism for their efforts to charge monthly debit card fees.
More than a dozen neighbors in the Summerfield subdivision of Forest Lake have been targeted by identity thieves, who have stolen a total of $100,000 through credit card fraud, KSTP reports.
Minneapolis-based Target Corporation has joined a growing list of more than two dozen retailers who object the propposed multi-billion dollar deal to settle a seven-year class-action lawsuit, Twin Cities Business reports. More than 7 million merchants claim Visa, MasterCard and some of the nation's largest banks fixed the fees they charge to retailers on credit card transactions. A Minneapolis-based law firm filed the case in 2005 and announced the agreement earlier this month. The class-action settlement still requires a judge's approval.
Target says customers who have Redcards are spending about 50 percent more at Target stores than they did in their pre-card days. That has more than offset the cost of the five percent discount. It was also a factor in the six percent increase in first-quarter sales.
