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.

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

Line Messaging Platform Launches Mobile Payment Service

Line, a popular mobile messaging platform, recently announced it will be launching a new digital payment service. The program, known as Line Pay, was unveiled in October, but it could only be used in a handful of affiliate shops, such as … Continue reading

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

What Happens When You Swipe Your Card? This holiday shopping season, you might worry that every time you swipe your credit or debit card some criminal might be swiping your account number and with good reason. The number of reported, … Continue reading

Clinkle Offers Students $20 to Sign Up for Debit Card

Clinkle, a mobile payments startup, is offering students from one University $20 to sign up for their debit card. The money is set up in a vending machine on the University of California Berkeley campus where students can get "free money" … Continue reading

New BJ’s Wholesale Club Credit Card Offers On-Demand Rewards

BJ's Wholesale Club launched a new co-branded credit card that gives users on-demand reward redemption at checkout. This is the first card of its kind for the wholesale foods industry. The My BJ's Perks MasterCard offers enhanced rewards in all … Continue reading

Should I Use My Credit Card’s Chip and PIN Technology?

As America transitions to EMV credit card standards, many banks have already issued new cards to their customers that utilize Chip and PIN technology. If you have received one of these cards, you may be wondering, "Should I Use my … Continue reading

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

Disconnected: Millennials Talk Big, Do Little About Money Surveys continue to show a major disconnect between how optimistic many millennials are about their financial future and what they are actually doing to make sure they achieve their goals. In a … Continue reading

How Long Does It Take to Receive a New Credit Card?

Whether you're ordering a replacement credit card or getting a new card, waiting for it to come in the mail can feel like an eternity. If you're on a time crunch of any kind, this wait can be even more … Continue reading

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

Recent Stories & News

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

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

January 28th, 2015

A move to cap the interest rate on credit cards at 12.5% in Colorado was soundly defeated on Monday.[...]

Password Managers Could Limit Identity Theft

Password Managers Could Limit Identity Theft

January 28th, 2015

Password managers could be an answer to the growing fear of identity theft. In general, consumers[...]

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

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

January 28th, 2015

Small businesses may soon catch a break, thanks to a new offer from Velcro Pay. The merchant middlem[...]

Braintree Now Lets Merchants Accept Bitcoins for Payment

Braintree Now Lets Merchants Accept Bitcoins for Payment

January 28th, 2015

Braintree, a mobile-friendly payment processor now owned by PayPal, has launched a private beta test[...]

How Secure is Apple Pay?

How Secure is Apple Pay?

January 27th, 2015

In their quarterly report this afternoon, Apple is expected to post record revenues and profits. Man[...]

Supreme Court Denies Retailers' Request for Lower Debit Card Fees

Supreme Court Denies Retailers' Request for Lower Debit Card Fees

January 27th, 2015

Last week, after a three-year court battle over debit card processing fees, the Supreme Court finall[...]

True Link Raises $3.4 Million to Develop Debit Card to Help Fraud Protection for the Elderly

True Link Raises $3.4 Million to Develop Debit Card to Help Fraud Protection for the Elderly

January 26th, 2015

True Link Financial has been working on a debit card solution for seniors that will help protect the[...]