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

Visa And MasterCard Can No Longer Block Russian Clients

A new law that went into effect in Russia on July 1st no longer allows Visa or MasterCard to block Russian clients from using their credit cards. This ruling is the result of a new national payment system that ensures … 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

LowCards.com Weekly Credit Card Update–April 26, 2013

U.S. Amasses Big Data on 10 Million People, Banks Protest The CFPB is working towards monitoring how millions of Americans use credit cards, take out mortgages, and overdraw their checking accounts, but bankers aren't happy about it. The CFPB wants access … Continue reading

MasterCard, Visa Take Major Steps in Digital Payment Industry

Visa and MasterCard both made significant moves in the digital payment markets this week. MasterCard introduced MasterPass, a digital service that allows customers to purchase items from wherever they are and with any mobile device. Consumers can use any payment … Continue reading

LowCards.com Weekly Credit Card Update January 11

Why More Americans Will Fall Behind on Their Credit Card Bills This Year A quarterly report issued last month by the Federal Reserve Bank of New York said that, although our total debt dropped by $74 billion in the third … Continue reading

Social Security Benefits Go Paperless on March 1

Anyone receiving Social Security or other federal benefits has until March 1 to switch to electronic payments or prepaid debit cards. In a cost saving measure, the government started a program in May 2011 to eventually eliminate the paper checks … Continue reading