August 19, 2011

The nation’s second-biggest issuer of debit cards will begin charging a $3 monthly service fee to its card holders. Wells Fargo Bank is the first in what could be an industry-wide effort to use new fees to recoup the billions of dollars that banks will lose after the government lowered the transaction fee that retailers pay to banks every time a debit card is used. Source Link

Large employers say they expect big increases in healthcare costs in 2012, and say they'll pass more of those costs on to their workers. A trade group for large companies says employees are likely to see higher costs for out-of-network care, and co-pays may start to shift from fixed charges to a percentage of actual costs. Source Link

The Oxford English Dictionary is marking 100 years of publication with a new edition that turns some 21st century slang into official words. Among the OED’s 400 new entries are “retweet”, “cyberbullying” and “woot.” The first Oxford English Dictionary in 1911 included then-new words such as “motorist,” “aeroplane” and “radioactive.” Source Link