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.

New Biometric Technology Verifies Identity Through Your Heartbeat

Halifax is testing new biometric technology that would allow customers to verify their identity through their heartbeat. If successful, heartbeat ID verification could eliminate the need for signatures or PINs for credit and debit card transactions, which have proven to … Continue reading

New Card Skimmers Steal Information at the ATM’s Door

Information-stealing credit card skimmers are far from "new" technology, but the latest ones take the skimming process to a new level. Law enforcement officials have discovered skimmers on the outside of enclosed ATM hubs where a person must swipe a … Continue reading

LowCards.com Weekly Credit Card Update–March 27, 2015

Google Working on Project to Let You Receive and Pay Bills Directly Inside Gmail Google's mission to organize the world's information is now targeting your physical mailbox. The company is currently working on a project that will allow Gmail users … Continue reading

Prepaid Card Group Asks CFPB to Restructure Broad Card Restrictions

The Network Branded Prepaid Card Association (NBPCA) has asked the Consumer Financial Protection Bureau (CFPB) to reconsider its final ruling over new laws that could harm the prepaid card industry. The Association believes the Bureau's broad restrictions on prepaid cards … Continue reading

Discover and AmEx Top Credit Cards in Consumer Satisfaction

According to a recent consumer satisfaction survey of more than 6,600 credit card users, Discover and American Express are the most "satisfying" credit card companies in America. The 2015 U.S. Credit Card Satisfaction Report from Credio is the first of … Continue reading

Average Credit Card Balance up 6% in December

A report from Equifax indicates a significant increase in credit card debt in America, with the average person racking up a 5.9% higher balance in 2014. In total, Americans accumulated $624.4 billion in credit card debt in 2014, up from $606.75 … Continue reading

LowCards.com Weekly Credit Card Update–March 20, 2015

Facebook to Let Messenger Users Send Cash to Friends Facebook is giving the more than 500 million users of its Messenger app the ability to send money to each other, becoming the latest mobile platform to incorporate a payments service. … Continue reading

Free iPhone Upgrades for AmEx Cardholders in India

American Express credit cardholders in India can now upgrade their iPhones by simply redeeming their rewards points at Apple Stores. This is part of the new Pay with Points program that provides real-time opportunities to cash in rewards with more … Continue reading

Square Shuts Down its Food Pre-Order App

Square's attempt at a pre-order food app for consumers appears to be over. The company announced that Square Order will be shut down this Friday, March 20, to focus on other parts of their business. Square Order was designed to … Continue reading

LowCards.com Weekly Credit Card Update–March 13, 2015

Why was your Credit Card Number Stolen? Retailers are Lazy If a shop wants to accept credit cards, it needs to abide by strict payment card industry (PCI) rules and pass a test. But a new Verizon cybersecurity report shows … Continue reading

European Parliament Votes to Cap Credit Card Processing Fees

On Tuesday, the European Parliament voted in favor of a new bill that caps the processing fees retailers pay on debit and credit card transactions. The bill received overwhelming support, passing with 621 votes for and only 26 against. The … Continue reading

Bill Proposed to Restructure and Rename the CFPB

Republican Congressman Randy Neugebauer from Texas has proposed a new bill that will restructure and rename the Consumer Financial Protection Bureau. While other bills of this nature have failed to pass Congress, this proposal seems condensed enough to stand a … Continue reading

Oink Card Lets Kids Shop Online But Parents Control Spending

A new debit card known as Oink gives children the ability to make purchases online and at their favorite stores. Parents maintain control of the way money is spent on the card, so this may be a way for children … Continue reading

LowCards.com Weekly Credit Card Update–March 6, 2015

Retailers Face $8.65 Billion Bill for New Generation of Credit Cards New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment … Continue reading

American Express Offers $100 Reimbursement for Merchants Upgrading to EMV Terminals

To help merchants make the switch to EMV terminals before the October 2015 deadline, American Express has launched a Small Merchant EMV Assistance Program that offers a $100 reimbursement for retailers that upgrade their payment terminals. The company has put … Continue reading

Cost of Target Data Breach Hits $162 Million

The Target data breach of 2013 was the first in a line of significant security hacks retailers have experienced during the last year and a half. In their fourth quarter earnings report, Target estimates the breach cost the company $162 … Continue reading

LowCards.com Weekly Credit Card Update–February 27, 2015

Google Buys Softcard, Teams Up with Carriers on Mobile Payments Google and the mobile carriers have long been at odds over mobile payments, but faced with the runaway success of Apple Pay, the two rivals have become friends. AT&T, Verizon … Continue reading

Discover Expands Financial Literacy Program

In an effort to improve financial literacy in America, Discover founded the Pathway to Financial Success grant program three years ago to give schools some funds needed to teach students about money management. The company hopes to expand the reach … Continue reading

Prism Bill Pay App Raises $2 Million

Mobile bill pay app Prism has now raised $2 million to expand its services and add new features. This three-year-old startup alerts users when a payment is due, and checks to see if your bank account has adequate funds to cover … Continue reading

Mobile Payments Account for 21% of Fraudulent Transactions

Mobile payments make up 21% of fraudulent transactions in the United States, even though they only represent 14% of the market. According to the 2014 LexisNexis True Cost of Fraud Study, the report shows mobile payments are putting mCommerce merchants … Continue reading

LowCards.com Weekly Credit Card Update–February 20, 2015

In Challenge to Apple Pay, Samsung Buys Mobile Payment Company Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up to challenge Apple and its payment system on iPhones. The deal strengthens speculation that Samsung Electronics plans … Continue reading

Password-Free Mobile Banking Now Possible with EyePrint ID

Consumers are very concerned about security when it comes to mobile banking, and a new technology allowing users to log into their accounts with just their eyes could lessen those concerns. Mobile banking firm Digital Insight has partnered with EyeVerify … Continue reading

LowCards.com Weekly Credit Card Update–February 13, 2015

Why Some People Still Have Hidden Bank or Credit Card Accounts More than 7 million Americans, including 4.4 million men and 2.8 million women have hidden a bank or credit card account from their live-in spouse or partner, according to … Continue reading

Citi ThankYou Premier Card Rewards Changing in April

The Citi ThankYou Premier Card is a favorite in the rewards category, and it will soon be making some slight alterations in the way it rewards its cardholders. Beginning April 19, there will be a shift in the rewards structure … Continue reading

TurboTax Resumes State E-Filings After Data Breach Investigation

Many taxpayers were faced with a rude awakening last Thursday when they went to file state taxes through the popular online platform, TurboTax. Intuit, the parent company of TurboTax, temporarily shut down filings in 18 states to investigate a possible data … Continue reading

Fraud-Fighting Credit Card “Final” Receives $1 Million in Funding

As the fight against credit card fraud continues in America, credit card startup Final has received a huge boost from investors---$1 million. Final is a credit card that enables users to generate multiple card numbers. Rather than a single, static … Continue reading

LowCards.com Weekly Credit Card Update–January 30, 2015

Apple Pay Accounts for $2 out of every $3 Spent with Contactless Payments Apple CEO Tim Cook said that around $2 out of every $3 spent using contactless payments across Visa, MasterCard, and American Express are being made with Apple … Continue reading

Bill to Reduce Credit Card Interest Rate Cap to 12.5% Voted Down in Colorado

A move to cap the interest rate on credit cards at 12.5% in Colorado was soundly defeated on Monday. The current cap is at 21%. The vote in the Republican-controlled Senate Business, Labor and Technology Committee was 6-1 against the … Continue reading

Free Apple Pay and EMV Point of Sale Terminals Offered to Small Businesses

Small businesses may soon catch a break, thanks to a new offer from Velcro Pay. The merchant middleman announced it will provide a free Apple Pay-enabled point of sale terminals to small businesses, along with tutorials on how to work with … Continue reading

Supreme Court Denies Retailers’ Request for Lower Debit Card Fees

Last week, after a three-year court battle over debit card processing fees, the Supreme Court finally ruled in favor of the banks to keep the existing fees. The Federal Reserve already set a cap on interchange fees after the 2010 … Continue reading

Guard Against Identity Theft with Masked Credit Card Numbers from Blur

Worried about credit card thieves stealing your personal information? You may benefit from a credit card masking service called Blur that creates one-time card numbers for each of your transactions. The program was created by Abine, a privacy firm in … Continue reading

LowCards.com Weekly Credit Card Update–January 23, 2015

More Than 90% of Data Breaches Could Have Been Avoided Nine out of 10 data breaches that occurred in the first half of last year could have been avoided, according to a new report. The report, which analyzed more than … Continue reading

MasterCard Signs Agreement with Gujarat to Accelerate Electronic Payments

MasterCard has signed a Memorandum of Understanding (MOU) with the State Government of Gujarat to cooperate in accelerating the adoption of electronic payments for the government, businesses, tourism and transit industries. The agreement will improve the speed and transparency of … Continue reading

LowCards.com Weekly Credit Card Update–January 16, 2015

Obama Seeks Laws on Data Hacking, Student Privacy President Barack Obama wants Congress to pass legislation requiring companies to inform customers within 30 days if their data has been hacked, a move that follows high-profile breaches at retailers including Target, … Continue reading

Credit Card Debt Dropped Significantly in November

The latest monthly report from the Federal Reserve showed a large decline in credit card debt during the month of November, the first decrease in three months. According to the Federal Reserve's Consumer Credit report, the total revolving credit is … Continue reading

Consumers Prefer to Return Merchandise at Stores, not Online

While mobile shopping continues to grow in popularity, customers overwhelmingly prefer to return or exchange items in stores. A recent study revealed that 70% of consumers would rather return an item in store, compared to just 9% who prefer to do … Continue reading

LowCards.com Weekly Credit Card Update–January 9, 2015

Why New Credit Cards May Fall Short on Fraud Control Big U.S. banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may … Continue reading

MasterCard and BMW Create Contactless Credit Card for DriveNow Car Sharing

MasterCard and BMW have joined forces to create a contactless credit card that can be used with BMW and MINI vehicles on the DriveNow car sharing fleet. The card has the ability to hire, unlock and operate the vehicles, all … Continue reading

Scientists Create Quantum Credit Cards Impossible to Hack

As the era of magnetic strip credit cards fades away, a team of scientists in the Netherlands has developed a potentially un-hackable credit card model. Dubbed as quantum credit cards, these payment solutions use advanced scientific methods to create cards that … Continue reading

Holiday Security Measures Frustrate Some Cardholders

As the holiday season drew to a close, some holiday shoppers found themselves without a way to pay for last-minute gifts. Why? Because the credit card companies were declining their transactions. In an effort to avoid a Target-sized breach this year, … Continue reading

LowCards.com Weekly Credit Card Update–January 2, 2015

Anonymous Hackers Release 13,000 Passwords and Credit Card Details of Amazon, PlayStation and Xbox Users A hacker group has released a cache of 13,000 passwords, usernames, and credit cards purporting to belong to users of popular web services including Amazon, … Continue reading

LowCards.com Weekly Credit Card Update–December 26, 2014

Staples Estimates Hackers Breached 1.16 Million Credit Cards Staples confirmed that suspicious cyber activity, first spotted in September, was most likely a malware attack that may have breached 1.16 million credit cards. A preliminary investigation found evidence of malware installed … Continue reading

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

Apple Pay Grows to Support 90% of U.S. Credit Cards Apple Pay has been adding support for more credit cards in the United States since the service launched. By transaction volume, the service now supports 90% of the credit cards … Continue reading

Domino’s Pizza App Used by Thieves in Credit Card Scheme

Domino's Pizza saw an unexpected spike in sales recently on their smartphone app, but it wasn't because customers suddenly got a craving for pizza. It turned out that a group of credit card thieves had been using the app to … Continue reading

Millennials May Be Overstating Their Financial Literacy

Millennials may have a false sense of confidence about their personal finances according to a new report from Bank of America and USA Today. Even though two-thirds of Millennials said they have good financial habits, their practices paint a different … Continue reading

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

Bebe Stores Confirms Credit Card Breach Women's clothier chain Bebe stores inc. confirmed that hackers had stolen customer card data from stores across the country in a breach that persisted for several weeks last month. Bebe stores said its investigation … Continue reading

The States with the Lowest Holiday Credit Card Debt

Holiday spending is picking up steam throughout the United States as shoppers buy gifts for their loved ones. In the midst of this high-spending season, consumers in some states handle the shopping better than others. In fact, credit card debt … Continue reading

Recent Stories & News

New Biometric Technology Verifies Identity Through Your Heartbeat

New Biometric Technology Verifies Identity Through Your Heartbeat

March 31st, 2015

Halifax is testing new biometric technology that would allow customers to verify their identity thro[...]

Some Significant Shifts in the Credit Industry

Some Significant Shifts in the Credit Industry

March 30th, 2015

A new survey shows some noteworthy shifts taking place in the credit industry. Rejection rates for c[...]

New Card Skimmers Steal Information at the ATM's Door

New Card Skimmers Steal Information at the ATM's Door

March 30th, 2015

Information-stealing credit card skimmers are far from "new" technology, but the latest ones take th[...]

Airbitz Launches One-Touch 2-Factor Authentication for Bitcoin Wallet

Airbitz Launches One-Touch 2-Factor Authentication for Bitcoin Wallet

March 30th, 2015

Bitcoin users may now have an easier way to control their mobile wallets thanks to the one-touch, tw[...]

LowCards.com Weekly Credit Card Update–March 27, 2015

LowCards.com Weekly Credit Card Update–March 27, 2015

March 27th, 2015

Google Working on Project to Let You Receive and Pay Bills Directly Inside Gmail Google's mission t[...]

PoSeidon Malware Program Attacks Point of Sale Terminals

PoSeidon Malware Program Attacks Point of Sale Terminals

March 26th, 2015

Many of the data breaches that wreaked havoc on major retailers during the past 18 months were cause[...]

Google's "Pony Express" Could Offer Bill-Paying Through Gmail

Google's

March 26th, 2015

Google may soon introduce a service enabling consumers to receive and pay bills directly from their [...]