Did Samsung Just Beat Apple in the Mobile Payment Market?

The mobile payment industry may have taken a seismic shift today when Samsung announced it would acquire LoopPay for an undisclosed amount of money. The acquisition is seen as a major move by the South Korean company to compete with … Continue reading

MasterPass Expands to More Merchants

MasterPass, MasterCard's digital wallet, will now be an acceptable payment method at several major retailers. Some of these include Blue Nile, Office Depot, Broadway.com, Chegg, Shop.com, CheapO Air, Neiman Marcus and Rue La La. MasterPass can also be used to … Continue reading

Is LoopPay Better Than Apple Pay?

Apple Pay was announced with great fanfare three months ago, but a small company that began on Kickstarter called LoopPay may have already established a significant competitive advantage over Apple Pay. The big factor with virtual wallets is where can … 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

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

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

LowCards.com Weekly Credit Card Update–September 19, 2014

Millions of Americans' Wages Seized over Credit Card and Medical Debt Millions of Americans are still grappling with debt they've accumulated since the recession hit. And new numbers out show many are having a tougher time than you might think. … Continue reading

Big Gap between Awareness and Usage for Mobile Wallets

Mobile wallets have made a big splash in recent years, but a new study shows there may be more discussion going on than actual usage. Research from Thrive Analytics shows far more people in America know about digital wallets than … Continue reading

Google Wallet Now Supports Gift Cards

Google Wallet has introduced a helpful new option for gift card users, allowing them to load the card's balance directly to their phones. The new gift card support is part of a series of upgrades Google recently put into the … Continue reading

Scan Credit Cards into Google Play to Pay for Apps

Google Play is getting a major makeover when its 5.0 version comes out. Among the many features to be added to the program, Google will now allow you to scan credit cards into your phone to pay for apps you want … Continue reading

PayPal Becomes Payment Option for Google Play Store

Smartphone consumers who do not wish to pay for Android apps with their credit cards can now use PayPal instead. PayPal is considered one of the most trusted ways to pay for items online, and now it has teamed up with … Continue reading

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

Michaels Confirms Data Breach Affecting 2.6 Million Credit Cards Three months after craft retailer Michaels announced it may have been the victim of a data breach, the company confirms the worst: nearly 2.6 million consumers' credit cards are affected. In … Continue reading

The Mobile Wallet Battle Heats Up

Domino's Pizza is now accepting payment via Google Wallet. You can pay for your pizza with your Android app. That might not sound like big news but it signals a significant move in the battle for how you make your … Continue reading

PayStand Launches Payment Service for Bitcoins and eChecks

PayPal and Google Wallet have a new competitor. PayStand is an online payment service provider that is designed to process Bitcoins, eChecks and credit cards for websites in the United States. PayStand was originally developed to improve upon the payment … Continue reading

MasterCard and Web.com Launch New Payment Option

Web.com has developed a new add-on to its website hosting and design services, thanks to technology from MasterCard. The new option called Take-A-Payment provides a faster way for consumers and businesses to receive money from transactions on their websites. Take-A-Payment … Continue reading

MasterCard Profits from Google Wallet

The launch of Google Wallet is benefiting more than just Google. It's putting money onto MasterCard's income statement, too. The Google Wallet is a digital substitute for an actual wallet, storing all your credit, debit and gift cards. It is backed … Continue reading

How to Choose a Mobile Wallet

Mobile wallets are changing the way people make purchases. Rather than carrying around a wallet full of cards and money, all someone needs is a cell phone to pay for the things he wants. With the number of mobile wallet … Continue reading

New Google Wallet Card Lacks Convenience and Versatility

When Google first announced plans to issue a Google Wallet prepaid card, thousands of people signed up for the opportunity. This was supposed to be a tangible product for a mobile application that would make Google Wallet more widespread and … Continue reading

Google Introduces New Prepaid Debit Card

Google has announced the release of a new prepaid debit card that works with its mobile wallet, Google Wallet. The card is connected to a person's Google Wallet account, which links to bank accounts and a transfer system so that … Continue reading

The History of the Credit Card

Technology, innovation and social media are bringing changes to credit card payments. Consumers have been slow to adapt to these changes, but that should not come as a shock. History shows that methods of payment change and evolve slowly. Until … Continue reading

Autofill Credit Card Info on Facebook

Facebook launched a new mobile shopping opportunity that allows users to connect credit cards to their social accounts. As a result, Facebook will automatically fill in the credit card numbers for online purchases, per the request of the user. This is … Continue reading

Mobile Banking Streamlines Money Sharing

Ever go to split a bill at a restaurant, only to be frustrated by someone having to write a check to you? Checks are a bit antiquated, but most people don't have credit card processors hanging around in their wallets. If that scene … Continue reading

Isis Mobile Wallet Partners with Two Major Credit Card Issuers

The Isis mobile wallet has now secured two major credit card issuers--Chase and American Express--in its quest to expand throughout the nation. Isis is a mobile credit card solution that is said to be the next big competitor for Google … Continue reading

Big Boost for Visa’s Digital Wallet

Visa's digital wallet product, V.me, grew significantly yesterday with the addition of two major banking partners. Bank of America, with an estimated 30 million online customers, and the Royal Bank of Scotland have both agreed to offer V.me. Earlier this … Continue reading

Major Expansion for Visa’s Digital Wallet

Visa has significantly expanded its reach into the digital payment industry. Visa's digital wallet service, V.me, is adding more than 50 financial institutions, including PNC, U.S. Bank, BBVA/Compass and BB&T. This increases Visa's potential base of cardholders to 55 million. … Continue reading

LowCards Weekly Credit Card Update September 7

Many Card Companies Dumping Credit Protection Plans Credit card holders could soon be saying good-bye to some costly add-on products that promised peace-of-mind during a disaster, such as a job loss. And many consumer groups say good-riddance. Several consumer advocates … Continue reading

Discover Partners its Way into Mobile Payments

Discover is attempting to partner its way into mobile payments and increasing its market share. The credit card company is partnering with PayPal and will equip the more than seven million U.S. merchants that accept Discover with the option to also accept PayPal … Continue reading

LowCards Weekly Credit Card Update August 17

Card Swipes in Church Make Giving Easier It hasn't always been easy for administrators and lay leaders to get people to donate regularly and increase their contributions each year, no matter their faith. Over the last decade or so, entrepreneurs have seized … Continue reading

LowCards Weekly Credit Card Update August 10

U.S. Consumers Cut Back on Credit Card Use in June Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending. Still, total consumer borrowing increased as … Continue reading