About Lynn Oldshue

Lynn Oldshue has written personal finance stories for LowCards.com for twelve years. She majored in public relations at Mississippi State University.

LowCards.com Weekly Credit Card Update–November 21, 2014

Shoppers Just Don't Care About Credit Card Hacks If Target and The Home Depot are still reeling from the collective breach of 96 million customers' credit and debit cards, it didn't show in either company's earnings reports this week. Target … Continue reading

Canada May Allow Merchants to Decline Mobile Card Payments

As mobile payments increase in popularity, merchants in Canada are concerned about a possible increase in fees. As a result, the country's Finance Minister may announce an adjustment in Canada's code of conduct for credit and debit cards, allowing merchants to … Continue reading

Google Wallet Will No Longer Process In-App Purchases

Google Wallet recently announced that it will no longer be processing in-app payments as of March 2015. The company has not provided recommendations for any replacement services for merchants to use. According to a question and answer section on Google's support … Continue reading

Overhaul Expected with EU Mobile Payment Regulations

The EU may soon be getting new mobile payment laws. The European Commission has not released specifics of the regulations, but they are expected to take place in the spring of 2015. Nilixa Devlukia, a technical specialist for payments in … Continue reading

LowCards.com Weekly Credit Card Update–November 14, 2014

New Consumer Protections for Prepaid Cards The Consumer Financial Protection Bureau is extending many of the financial protections of bank accounts to prepaid cards. New rules proposed Thursday by the federal regulator would require that prepaid card users be protected … Continue reading

Mobile Deposits Creating New Fraud Concerns for Banks

As mobile banking becomes more prevalent, new concerns have emerged for banks that accept check deposits through smartphones. These financial institutions are looking for ways to prevent consumers from depositing or cashing checks at more than one bank. While the "double-dipping" … Continue reading

LowCards.com Weekly Credit Card Update–November 7, 2014

Here's How the New Chip and PIN Credit Cards Could be DOA A recent Gallup survey found that 69% of Americans worry "frequently" or "occasionally" about having a credit card compromised by computer hackers. It's not shocking. Consumers are becoming … Continue reading

Business-to-Business Credit Card Volume Doubles in Two Years

Business credit cards went through a very difficult period during the economic downturn. Issuers cut back on the approval rates of these cards, some getting out of the segment altogether. Many businesses stopped using the cards due to the high … Continue reading

ChargePoint Electric Car Charge Stations Now Accept PayPal

Electric car drivers have something new to celebrate as ChargePoint announced it will now accept PayPal at its charging stations. PayPal and ChargePoint have had a longstanding relationship, with 34 ChargePoint stations currently installed at the PayPal work campus in San … Continue reading

LowCards.com Weekly Credit Card Update–October 31, 2014

Some U.S. Retailers Shun Apple Pay, Eye Rival Payments System Some large U.S. retailers are refusing to use Apple Pay, Apple's new electronic payments service, as they commit to developing a rival payments system that would bolster their profits by … Continue reading

Startup Poynt Modernizes Traditional Credit Card Terminal

While some companies like Square try to change the way credit card transactions are processed, a new startup company called Poynt is aiming to upgrade traditional point-of-sale terminals for the modern world. This solution comes at the perfect time as … Continue reading

Commonwealth Bank Launches Locking App for Stolen Credit Cards

To help reduce credit card fraud in Australia, one major bank has created a new feature for its app that will allow cardholders to lock, cancel and replace their credit cards on their smartphones. Commonwealth Bank now gives customers the … Continue reading

LowCards.com Weekly Credit Card Update–October 24, 2014

Staples Investigates Reports of Possible Credit Card Data Breach The world's biggest office-supply retailer is investigating reports of a possible data breach of Staples customers' credit cards after banks detected a pattern of unusual charges concentrating on a group of … Continue reading

Intel Develops Security Solution for Credit Card Transactions

As the world continues to strive for better credit card security, Intel has developed a hardware-software program to protect credit card and personal data from being stolen while a transaction is authorized. Once a buyer uses a credit card at a … Continue reading

Paying for College Tuition with Credit Cards Can Be Costly

Despite the convenience that comes with paying for college tuition with a credit card, the choice to do so could be costly. According to a new research study, the average convenience fee for colleges that accept credit cards is 2.62%. This … Continue reading

Even a President’s Credit Card Can Be Declined

Even President Obama has had to face the embarrassment of getting his card declined. Last month, Obama's credit card was declined at Estela in downtown Manhattan while the President was preparing for the annual United Nations General Assembly. "It turned … Continue reading

Credit Card Issuers Will Earn $159 Billion This Year

According to a new report from R.K. Hammer, U.S. credit card issuers will generate $158.6 billion in revenue this year. That is a 9% increase from the $146 billion in 2013, and only 6% less than the debt peak back … Continue reading

LowCards.com Weekly Credit Card Update–October 17, 2014

Kmart Says its Store Registers Were Hacked, Exposing Credit Cards For about a month, Kmart says, its stores' checkout registers were "compromised by malicious software that stole customer credit and debit card information." The company, owned by Sears, says it … Continue reading

New Technology Offers Card Security for Online Payments

EMV chip technology has been fairly effective in cutting down card fraud with transactions that take place at store level. Most of the card breaches in the United States during the past year have taken place within retail stores. As … Continue reading

LowCards.com Weekly Credit Card Update–October 10, 2014

Banks in U.S. Moving to Chip-Based Debit and Credit Cards In the coming year, banks in the United States are likely to replace debit or credit cards with versions that have tiny computer chips embedded in them, a move aimed … Continue reading

Circle App Allows Bitcoin Purchase with Prepaid Visa Card

Circle is an app that some analysts believe has the potential to bring Bitcoins into the mainstream financial world, especially now that Circle allows users to buy Bitcoins with Visa prepaid cards. Bitcoin users have been raving about Circle since … Continue reading

LowCards.com Weekly Credit Card Update–October 3, 2014

Cyberattack Against JPMorgan Chase Affects 76 Million Households A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses, a tally that dwarfs previous estimates by the bank and puts the intrusion … Continue reading

Aldi Now Accepting Credit Cards in England

Aldi, the retail food chain best known for its low prices, will lift the credit card ban for its stores in England beginning October 13. Until now, the store has operated on a cash and debit card payment system, but … Continue reading

U.S. Bank to Refund $48 Million for Improper Credit Card Practices

Last week, the Consumer Financial Protection Bureau lowered the boom on U.S. Bank for improper credit card practices. The CFPB ordered the bank to refund $48 million to customers. The bank must also pay fines of $5 million to the … Continue reading

Credit Card Processors Help Cyberlockers Distribute Stolen Content

A new report indicates credit card processors, such as Visa and MasterCard, authorize payments on cyberlocker websites that distribute stolen content on the web. The NetNames report done for Digital Citizens Alliance looked at 30 of the biggest cyberlocker sites on … Continue reading

Fraudsters Target Unbanked with Prepaid Card Scam

There is a new form of money fraud, and this time, crooks are using MoneyPaks to get the job done. The thieves are using creative tricks to obtain the 14-digit code off the back of MoneyPak cards and then stealing … Continue reading

No Joke–Saturday Night Live Now Offers a Rewards Credit Card

Saturday Night Live, the legendary comedy show now in its 40th season, has introduced a rewards credit card that gives special bonuses for spending money on entertainment. The Saturday Night Live MasterCard features a rewards program where people earn points … Continue reading

Wallaby Brings Credit Cards to Smartwear

Mobile wallet provider Wallaby has developed a new product for smartwear. The app, known as Wallaby for Android Wear, brings the basic features of Wallaby's mobile wallet to smartwatches and other available Android wearables. With Wallaby for Android Wear, you … Continue reading

LowCards.com Weekly Credit Card Update–September 19, 2014

Millions of Americans' Wages Seized over Credit Card and Medical Debt Millions of Americans are still grappling with debt they've accumulated since the recession hit. And new numbers out show many are having a tougher time than you might think. … Continue reading

More Women Are Taking Control of Personal Finance Decisions

There has been a significant shift in women and their involvement with their personal finances and investments during this past generation, according to a recent survey from Ameriprise Financial. The survey included women between the ages of 25 and 70 … Continue reading

Flipping Money Scam Steals Money through Social Media

Social media sites are currently being flooded with "flipping money" scams that put users at risk of debit card fraud. These get-rich-quick opportunities are far from new, but they are now becoming a growing problem in fraud prevention. Scam artists … Continue reading

LowCards.com Weekly Credit Card Update–September 12, 2014

Apple Pay Could Make you Poorer The new Apple payment system has extraordinary promise. With Apple Pay, you might not need a wallet, and you can leave your credit and debit cards at home. In terms of ease and convenience, … Continue reading

Do Credit Cards Expire on the First or Last Day of the Month?

All credit cards come with an expiration date. This is imprinted on the front of the card and usually shows a month and a year. Many times, the expiration date does not show a specific date on which the card expires. So … Continue reading

Walmart to Launch EMV-Enabled Credit Card

Shoppers who use the Walmart credit card will be able to enjoy enhanced security as the store rolls out its chip-and-PIN credit cards. This is part of a significant and widespread movement in the United States projected to be completed … Continue reading

New Citi Double Cash Credit Card Gives Twice the Rewards for Paying Off Your Balance

A new rewards credit card from Citi known as Double Cash offers bonus cash back when you pay off your credit card debt. The program is designed to encourage consumers to keep their debt low and reward them when they … Continue reading

Why Mobile Wallets Haven’t Taken Off Yet

Mobile wallets are becoming widely available on the market, yet they are mostly seen as a gimmick, not a convenience. There are many reasons why consumers are not using mobile wallets just yet, and indications are this transition will be … Continue reading

LowCards.com Weekly Credit Card Update–September 5, 2014

Home Depot's Credit Cards May Have Been Hacked A massive batch of credit and debit card information that went on sale on a criminal Internet site Tuesday may be from Home Depot stores and could be linked to hackers responsible … Continue reading

More Millennials Are Using Credit Cards for Small Purchases

A new consumer spending survey reveals millennials are increasingly using credit cards to make small purchases. Cash still reigns supreme, but plastic is becoming a popular option for transactions under $5. The survey indicated quite a disparity on the use … Continue reading

Target Hit with Yet Another Credit Card Breach

Target stores in the Stockton, California area have been victim to yet another credit card breach after the nationwide hack that happened in December 2013. This breach was on a much smaller scale, but still resulted in more than $200,000 in … Continue reading

LowCards.com Weekly Credit Card Update–August 29, 2014

U.S. Late Payment Rate on Credit Cards is at the Lowest Level in Seven Years Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. … Continue reading

Innovative ATM Reader Fights Credit Card Skimming

America has been fighting to stay ahead of credit card skimming and identity theft. But Diebold, Inc. has developed a new ATM card reader called ActivEdge that may be a revolutionary anti-skimming device. The secret to ActivEdge's security is the … Continue reading

5 Alternatives To Maxing Out Your Credit Card

Do you have a tendency to max out your credit card from time to time? Do you wish there was a different way to make the purchases you need? Why You Don't Want to Max Out Your Credit Card Maxing … Continue reading

LowCards.com Weekly Credit Card Update–August 22, 2014

Visa Wants to Make it Even Harder for Thieves to Buy Gas with Your Credit Card Gas stations are among the easiest places for crooks to use stolen credit cards. Pumps are usually unattended, so all the thieves have to … Continue reading

QuikTrip Halts Debit Card Purchases of Lottery Tickets

If you use your debit card to pay for lottery tickets, you'll have to go somewhere other than QuikTrip. Beginning this week, the gas station chain is no longer accepting debit card payments in exchange for lottery tickets. All purchases … Continue reading

New Visa Service Helps Gas Stations Combat Credit Card Fraud

Visa is helping gas stations fight credit card fraud through a new program known as the Visa Transaction Advisor. This system uses intelligent analytics to identify purchases that have a high risk of being fraudulent. Self-serve gas stations are known … Continue reading

Target Spends $148 Million after the Hack

Target's massive data breach in December 2013 caused a slew of financial institutions to spend over $200 million enhancing their security protocol and issuing new credit cards to their customers. Reports now indicate Target has spent $148 million in the … Continue reading

LowCards.com Weekly Credit Card Update–August 15, 2014

Debt Collectors, What are Their Legal Limits? Collectors call again and again in the middle of dinner. They call the wrong person. They threaten. They take advantage of the latest technology to embarrass people. Often, they violate the law. Debt … Continue reading

Smart Credit Cards Don’t Make Up For Dumb Credit Card Readers

Chip and PIN credit cards are thought to be the solution for credit card security issues in the United States, but hacking experts have recently revealed those accounts may be more vulnerable than we think. The smart cards themselves may be … Continue reading

Recent Stories & News

How Will Data Breaches Affect Holiday Shopping?

How Will Data Breaches Affect Holiday Shopping?

November 24th, 2014

Holiday shopping is just around the corner. Americans are clearing the balances from their credit ca[...]

Seattle Parking Meters Swallow Credit Cards

Seattle Parking Meters Swallow Credit Cards

November 24th, 2014

Being able to pay a parking meter with a credit card is convenient--until the meter refuses to give [...]

LowCards.com Weekly Credit Card Update–November 21, 2014

LowCards.com Weekly Credit Card Update–November 21, 2014

November 21st, 2014

Shoppers Just Don't Care About Credit Card Hacks If Target and The Home Depot are still reeling fro[...]

Customer Satisfaction Drops As Bank Fees Increase

Customer Satisfaction Drops As Bank Fees Increase

November 20th, 2014

Customer satisfaction levels for banks are dropping due to rising fees, according to a report releas[...]

Canada May Allow Merchants to Decline Mobile Card Payments

Canada May Allow Merchants to Decline Mobile Card Payments

November 20th, 2014

As mobile payments increase in popularity, merchants in Canada are concerned about a possible increa[...]

Dumb and Dumber? Thief Uses Stolen Debit Card in Front of Real Cardholder

Dumb and Dumber? Thief Uses Stolen Debit Card in Front of Real Cardholder

November 20th, 2014

Not all credit card thieves are brilliant hackers that spend months coding their way to the perfect [...]

The LowCards.com Weekly Credit Card Rate Report for November 20, 2014

The LowCards.com Weekly Credit Card Rate Report for November 20, 2014

November 20th, 2014

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tra[...]