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–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

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

Recent Stories & News

Boku Launches Phone-on-File Payments to Compete with Credit Cards

Boku Launches Phone-on-File Payments to Compete with Credit Cards

February 27th, 2015

Boku, a mobile payment solution using carrier billing, has created a program called Phone-on-File th[...]

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

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

February 27th, 2015

Google Buys Softcard, Teams Up with Carriers on Mobile Payments Google and the mobile carriers have[...]

Companies Doing Poor Job of Detecting Data Breaches

Companies Doing Poor Job of Detecting Data Breaches

February 26th, 2015

A report released Tuesday shows companies may not have the security systems in place to detect data [...]

The LowCards.com Weekly Credit Card Rate Report for February 26, 2015

The LowCards.com Weekly Credit Card Rate Report for February 26, 2015

February 26th, 2015

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

Two Million Americans Were Victims of Medical Identity Theft in 2014

Two Million Americans Were Victims of Medical Identity Theft in 2014

February 25th, 2015

More than two million Americans were victims of medical identity theft in 2014, according to new inf[...]

Discover Expands Financial Literacy Program

Discover Expands Financial Literacy Program

February 25th, 2015

In an effort to improve financial literacy in America, Discover founded the Pathway to Financial Suc[...]

Whole Foods Benefits From New Loyalty and Ordering Programs

Whole Foods Benefits From New Loyalty and Ordering Programs

February 25th, 2015

Nationwide grocery store Whole Foods launched a loyalty program last year that allows frequent shopp[...]