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

Consumers Plan to Use Credit Cards for Holiday Shopping

Americans have seen a number of substantial data breaches since last year's holiday season, but that has not had a major effect on how they plan to pay for their items this Christmas. A new survey from TransUnion shows 80% of … Continue reading

How Will Data Breaches Affect Holiday Shopping?

Holiday shopping is just around the corner. Americans are clearing the balances from their credit card accounts, making their gift lists, and waiting for the sales to start. But the slew of retail data breaches over the last year may … 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

Debit Cards Decline in Popularity

A new report indicates debit cards are dropping in popularity, even though they remain the most common form of payment in America. According to the TSYS's 2014 Consumer Payment Study, the decline is primarily motivated by security fears from the number … Continue reading

Apple Pay’s Biggest Competitor Could be a Totally New Credit Card

Apple Pay is being heralded as a revolutionary new payment system because of its two new security features: tokenization and fingerprint identification. The shocking number of data breaches in the last year have made credit card theft the crime that … Continue reading

Data Breaches Affected 18.5 Million Californians in 2013

Nearly half of California's residents were affected by data breaches and cyber intrusions in 2013, a staggering seven-fold increase from the previous year. According to a new report issued by Kamala Harris, the state's Attorney General, the personal information of … Continue reading

President Obama Tightens Security on Government-Issued Debit Cards

Even the federal government is feeling uneasy about the security of debit and credit cards. Reacting to the incredible number of data breaches at major retail chains, the United States government will now require that all federal benefits issued via … Continue reading

Apple Pay to Launch Monday

Apple Pay, a revolutionary new payment system where consumers can make payments with a touch of their finger on their new iPhone 6 and iPhone 6 Plus, will launch this Monday, October 20. Apple Pay allows consumers to store their … Continue reading

Bank of America Distributes Chip and PIN Debit Cards

Bank of America became the first major U.S. bank to issue chip and PIN debit cards to its customers. The bank already offers EMV credit cards, but will now issue chipped debit cards to customers as their cards expire. Bank … Continue reading

Could Apple Pay Be the End of Data Breaches?

Apple's announcement of a new payment system, Apple Pay, could not have come at a more opportune time.Consumers have been shell-shocked by the number of data breaches that have taken place at well-known stores: Target, Neiman Marcus, Michaels, P.F. Chang's, … Continue reading

5 Worst Data Breaches Of 2014

Data breaches have unfortunately become a common occurrence in today's society. It seems a newsworthy breach has taken place almost every week since the massive Target hack occurred in late 2013. A data breach can cripple a business and cause … Continue reading

LowCards.com Weekly Credit Card Update–July 25, 2014

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

New York’s Data Breaches Exposed 22.8 Million Personal Records

According to a report from New York's Attorney General, 22.8 million private records of New Yorkers have been exposed due to data breaches over the last eight years. The data breaches were reported by over 3,000 businesses, nonprofit organizations and … Continue reading

How To Use A Chip And Pin Or EMV Credit Card

EMV cards are named for the credit card companies that developed the security system—EuroPay, MasterCard, and Visa. EMV cards are sometimes referred to as chip and pin cards. The great majority of credit cards issued in the United States operate … Continue reading

LowCards.com Weekly Credit Card Update–July 11, 2014

Report Says Debt Settlement Companies May Leave Customers Worse Off Using a settlement company to help you dig out from underneath burdensome debt may sound appealing, but it may leave you worse off than when you started, according to new … Continue reading

Retailers Launch Cyber Security Sharing Center to Boost Financial Security

The Retail Industry Leaders Association (RILA) has launched a new program to aid stores in preventing and detecting credit card data breaches. It's called the Retail Cyber Intelligence Sharing Center (R-CISC), and it could  be a very positive step for … Continue reading

Michaels Breach Exposed Nearly 3 Million Cards

Michaels, the nation's largest arts and crafts chain, said that nearly three million debit and credit cards may have been exposed in their data breach. The company said that the data security attack has been contained. The company reported that … Continue reading

Politicians Push for Stronger Credit Card Security

The number and magnitude of credit card hacks in America over the last few months has now prompted several lawmakers to push for stronger security systems. Some are asking for a mandatory transition to chip-and-PIN cards, while others say the … Continue reading

Retailers Form Partnerships to Protect Your Credit Card Data

Consumers are understandably shaken by the significant number of data breaches that have taken place in some of the country's top retail chains. Now, retailers are trying to take steps to repair their damaged image. Today, the Retail Industry Leaders Association … Continue reading

Credit Card Privacy Bill Advances in California

Californians who shop online may soon gain better protection for their credit card information. Bill SB 383 was passed by the California Senate last Thursday and is now being sent to the state Assembly. The measure would limit the data … Continue reading

Dangerous Places to Use Your Debit Card

Consumers are understandably reluctant to use their debit and credit cards due to the recent data breaches that have taken place at Target and Neiman Marcus. For some people though, using a debit card is a way of life, the … Continue reading

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

Six Credit Card Trends to Watch in 2014 During and immediately after the financial crisis, credit card issuers tightened up lending standards and lowered credit limits to protect themselves. "They had given credit to too many people and approved people … Continue reading

Top 10 Credit Card Stories of 2013

Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the largest data breaches in history … Continue reading

Protecting Credit Cards and Bank Accounts from Hackers

Data breaches and credit card fraud are becoming common occurrences. Yesterday's revelation that hackers stole credit card information from 63 Barnes & Noble stores is just the latest reminder. Credit card fraud is not just isolated to the United States. … Continue reading