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

Staples Investigating Potential Data Breach

Staples may be the latest victim of a debit and credit card breach. The office supply chain announced late yesterday that it is investigating a potential data breach at several locations. According to security expert Brian Krebs, several banks identified … 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

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

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

Did the Durbin Amendment Make a Difference?

The Durbin Amendment contained a provision that limited the interchange fees merchants paid for debit card transactions. The thought was that retailers would lower their prices if these high swipe fees were decreased. But on the third anniversary of this … Continue reading

Dairy Queen Confirms Data Breach in 395 Stores

International Dairy Queen has confirmed a data breach did take place in 395 locations and may have affected nearly 600,000 debit and credit cards. After an investigation that began in August, the company found that Backoff malware, used in so … 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

How To Use Credit Card Chip & PIN Technology

America is now a year away from an October 2015 deadline when all banks, retailers and credit card providers will transition to chip and PIN cards in order to strengthen credit card security. All of the cards currently in your wallet … 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

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

Pay Rent with a Credit Card, Thanks to New App

A new app known as RadPad allows users to pay rent with a credit card, even if the landlord does not accept credit card payments. For landlords who are signed up with RadPad, the app sends money from the tenants … Continue reading

Data Breach at 216 Jimmy John’s Locations

Jimmy John's is the latest company to suffer a major data breach. The sandwich shop chain confirmed today that criminals hacked into their point of sale systems at 216 stores and accessed customer debit and credit card information. The breach … Continue reading

Home Depot Breach Hit 56 Million Credit And Debit Cards

Earlier this month, Home Depot announced a data breach that hit its 2,200+ home improvement stores in America and Canada. The company now confirms that a whopping 56 million credit and debit cards were affected by the breach. The magnitude … Continue reading

The Demand For Coin Continues To Grow

The anticipation for Coin's revolutionary smartcard continues to be rather astounding. Coin is a smartcard and app that stores the information for up to eight credit, debit or gift cards. It combines the functionality of a mobile wallet with the … Continue reading

Home Depot Confirms Credit Card Hack

Yesterday, Home Depot confirmed a breach of its payment data system that may affect any customer who used a debit or credit card since April. Since Home Depot has nearly 2,000 stores in the United States and another 180 in … Continue reading

Data Breach at Goodwill Compromises 868,000 Cards

Goodwill Industries confirmed yesterday that a data breach in 330 of its stores may have compromised an estimated 868,000 debit and credit cards. Payment card information, such as names, payment card numbers and expiration dates, may have been compromised. However, … 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

Possible Card Data Breach at Home Depot

Home Depot may be the latest American retailer to suffer a significant data breach. Today, a massive number of debit and credit card information appeared on a site where card numbers are illegally sold. According to security expert Brian Krebs, … 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

Coin to Issue 10,000 Beta Cards This Fall

The highly anticipated Coin card will be placed into the hands of 10,000 additional beta testers this fall. A version of the card has already been in test for some time, but only 1,000 people were in the program. This … Continue reading

UPS Reveals Data Breach in 51 Stores

United Parcel Service reported yesterday that a data breach may have occurred in 51 of their UPS Stores, possibly leading to the theft of customer debit and credit card information. Malicious software that was not identified by current anti-virus software … Continue reading

Shift Debit Card Combines Digital Currency, Loyalty Points and Cash

More Americans are beginning to embrace digital currencies such as Bitcoin. As these cryptocurrencies grow, consumers may be looking to loyalty points to get the most out of the money they are spending. A new debit card known as Shift … 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

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

Lock Your Debit Card With This Smartphone App

Ever wish you could just "turn off" your debit cards when you aren't using them? Then you wouldn't have to worry about someone spending money from your account. Thanks to an app from Malauzai Software, you could lock your bank … Continue reading

Thieves Using PayPal Prepaid Cards to Steal Products

A new form of debit card theft is emerging in the Washington, D.C. area, where thieves are using PayPal prepaid debit cards to steal items from stores. The thieves are targeting stores that accept offline transactions when a card has … Continue reading

MasterCard Reduces Cash Dependence in Zimbabwe with Three Million Debit Cards

MasterCard and EcoCash will help reduce cash dependence in Zimbabwe by providing three million MasterCard debit cards over the next five years. This is the largest rollout of chip and PIN cards in Zimbabwe, and is the first time that … 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

Small Debit Card Purchases Lead to Big Overdraft Fees

A new report from the Consumer Financial Protection Bureau indicates most overdraft fees on debit cards occur on transactions of $24 or less. In addition, the majority of consumers pay back those overdrafts within three days. This means that a … Continue reading

LowCards.com Weekly Credit Card Update–August 1, 2014

A Third of Americans Delinquent on Debt More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the … Continue reading

Amazon Launches Its First Mobile Wallet

Amazon's first mobile wallet quietly debuted on the Amazon Appstore and Google Play last week. The app is designed to be used at checkout terminals for dozens of merchants. While the idea of a mobile wallet implies storing credit card … 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

LowCards Exclusive Study: Identity Theft Concerns Shifting Shopping Habits of Americans

Identity theft has become a major concern for the American consumer and is now having a significant impact on their shopping habits. These are the findings of an exclusive survey conducted on over 400 random individuals by LowCards.com.   Nearly 46% of … 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

Expresscoin Expands Bitcoin Trading to Canada

Digital currency retailer Expresscoin has expanded into the Canadian market. This marks the first expansion for the company outside of the United States. Expresscoin, which allows consumers to buy and sell Bitcoin and other altcoins, is one of the only companies to offer … Continue reading

New Card Scam Targets People On Jury Duty

A new credit card scam in Texas is targeting people eligible for jury duty. Residents are accused of missing jury duty and then asked to pay a fine over the phone with a prepaid debit card. According to Terry Grisham, … Continue reading

Debit Card Usage Increasing Despite Recent Data Breaches

The 2014 Debit Issuer Study from PULSE showed a consistent growth in consumer and business debit card use in 2013, despite the data breaches that have taken place in the past year. 14% of all debit cards were exposed in … Continue reading

Common Ways Thieves Steal Your Identity (And How You Can Prevent Them)

If you are worried about thieves trying to steal your identity, there are a variety of steps you can take to protect your personal data and critical information. There are a plethora of different technologies you can buy to keep … Continue reading

What Is Chip And Pin Credit Card Technology?

The credit card breaches at major retailers such as Target, Michaels and Neiman Marcus have rocked consumer confidence regarding their financial information. That is why credit card companies are rapidly investing in new technology to make their products more secure. … Continue reading

LowCards.com Weekly Credit Card Update–June 20, 2014

Suze Orman's Approved Prepaid Debit Cards are Quietly Discontinued Suze Orman is quietly getting out of the payments business. Starting July 1, Ms. Orman's Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work, according to … Continue reading

Substantial Increase in Credit Card Use During Last 12 Months

Credit card use has taken a significant jump in the past year, according to new research from First Data Corp. From May 2013 to May 2014, credit card usage increased 4.9%. During that same time, PIN debit card jumped by … Continue reading

Credit Card Fraud May Also Be in Play at World Cup

Events like the World Cup are breeding grounds for credit card breaches, so soccer fans are being warned about using their cards during the popular event. The World Cup is taking place over the next month throughout 12 locations in Brazil, … Continue reading

10 Things You Probably Didn’t Know About Identity Theft

Identity theft has become one of the biggest concerns for Americans. However, it is also one of the most misunderstood subjects among consumers. We are always looking for ways to protect ourselves from fraud. Credit card fraud or identity theft … Continue reading

LowCards.com Weekly Credit Card Update–June 13, 2014

Credit Card Use Surges in AprilAmerican consumers threw caution to the wind in April and ran up their credit-card balances at the fastest pace in almost 13 years. The amount of outstanding revolving credit--a figure that’s mostly credit card debt--rose … Continue reading

PF Chang’s Investigates Possible Card Breach

Another well-known company has been the possible victim of a debit and credit card breach. PF Chang’s China Bistro, which operates restaurants throughout the country, reported Tuesday that they are investigating a card breach that may have occurred from March … Continue reading

Bitcoin Debit Card to Launch This Month

The much anticipated Bitcoin debit card from Xapo is set to launch sometime this month. The card will be accepted anywhere major debit or credit cards are accepted, though Xapo has not released the name of the card network it … Continue reading