LowCards.com Weekly Credit Card Update–January 15, 2016

Wearable Technology Will Be Used by Half of Consumers for Mobile Payments Research firm, Gartner Inc., has released a recent prediction that wearable technology will play a tremendously larger role in mobile payments over the next few years, saying that … Continue reading

Samsung Pay to Offer Online Payments in 2016

Samsung Pay is significantly expanding this year, allowing users to pay for products online, not just in stores. The new online payments option will give consumers a chance to purchase products and services directly from their mobile devices, in addition … Continue reading

Mobile Money Platforms Bring Financial Inclusion to the Poor

Mobile devices may finally enable the world's poor to reach financial inclusion, according to Juniper Research's recent report, Mobile Financial Services: Developing Markets 2015-2020. The report estimates that 283 million people will be using these services by 2020. For the first time, … Continue reading

Bank Branches Still in Demand Despite Mobile Banking Growth

The increased use of mobile banking apps isn't stopping people from visiting their local branches, according to a new survey from OnePoint Global. The study assessed how mobile banking customers from the United States and United Kingdom interact with their … Continue reading

Mobile Banking to Exceed One Billion Users By End of 2015

Mobile banking is sweeping across the world. Over one billion people, or one in five adults, will have used mobile banking by the end of 2015. The new study from Juniper Research also forecasts two billion mobile banking users by … Continue reading

LowCards.com Weekly Credit Card Update–September 11, 2015

Consumer Credit in U.S. Increased More Than Forecast in July Consumer credit in the U.S. rose more than projected in July, boosted by bigger credit card balances and loans for automobiles. The $19.1 billion increase followed a $27 billion gain … Continue reading

Nearly Half of Mobile Device Owners Use Mobile Banking

According to a new survey from the American Bankers Association, 39% of Americans and 45% of mobile device owners use mobile banking at least once a month. The rise of smartphone technology and the increasing availability of digital financial solutions … Continue reading

Smartphones Now Account for 1/3 of Online Shopping Traffic

There is a significant shift in the way people research and buy products online--more and more consumers are using mobile devices rather than personal computers. Smartphones accounted for 34% of the worldwide online shopping traffic and 16% of eCommerce orders … Continue reading

90% of Consumers Don’t Use Mobile Payments When Available

A new study shows the mobile payment industry may have a more difficult time than expected breaking into mainstream America. Research from the marketing firm Placeable indicates that 90% of consumers won't use mobile payments when available, and a surprising 42% … 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

Starbucks Says It Handles 90% of All Mobile Payments

Mobile payments are becoming increasingly popular, especially with the introduction of Apple Pay. Starbucks was one of the first retailers to allow mobile payments in their coffeehouses, and this early entry is now paying off for them. Of the seven … Continue reading

CFPB Requests Information on Mobile Financial Services

The Consumer Financial Protection Bureau is inquiring about mobile financial services in an effort to create better security on mobile banking platforms and to reach out to unbanked consumers. According to the CFPB, 74,000 customers a day used mobile banking … Continue reading

New Service Allows Shoppers to Load Digital Coupons onto Credit Cards

Coupons.com is known for helping people save money, but its newest service may bring those savings to a new level. The company now has a program on its website and mobile app that allows users to upload digital coupons onto … Continue reading

Holiday Shopping Goes Mobile

A new study reveals that a staggering 68% of smartphone owners plan to use their devices to assist with their holiday shopping this year. According to Deloitte's 28th annual survey of holiday spending intentions and trends, 56% of smartphone owners plan … Continue reading

LowCards.com Weekly Credit Card Update–October 17, 2013

JP Morgan Chase Points to Legal Expenses in Quarterly Loss JP Morgan Chase reported a quarterly loss for the first time ever under CEO Jamie Dimon as the bank spent billions battling lawsuits and dealing with federal investigations into some … Continue reading

FlexControl Helps Cardholders Control Credit Card Payments

U.S. Bank recently launched a new program known as FlexControl, which allows cardholders to manage the type of payments they make on their credit cards. FlexControl lets consumers determine if they want to make payments in full and how long they … Continue reading

Mobile Banking Continues to Increase

More consumers are turning to their phones to take care of their banking needs according to the latest data from the Federal Reserve. The study, entitled Consumers and Mobile Financial Services and done in late November, showed that 28% of mobile … 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

One-Fifth of Tablet Owners Spend $50+ On Device Each Month

Tablet sales are skyrocketing--200 million have been shipped throughout the world in the past three years, and forecasts show that one billion will be shipped in the next five years. This could have a dramatic effect on how consumers shop … Continue reading

Top Credit Card Stories of the Year

2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card stories of 2012: Swipe … Continue reading

LowCards.com Weekly Credit Card Update December 14

Bank of America’s Plan to Drive Mobile Banking Beyond 12 Million Users As part of a drive to sign up more people for mobile banking, Bank of America is outfitting its teller stations with quick response (QR) codes that can … Continue reading

AmEx Jumps Into “T-Commerce”

American Express is creating media partnerships to make it easy for viewers to buy the clothing, furniture and other items they see while watching a television show. The technology is being called "T-Commerce" since it is combining e-commerce with television … Continue reading

Strong Cyber Monday Sales Expected

An estimated 129.2 million shoppers say they will head to retailers' websites today, up from 122.8 million who shopped last year, according to a Shop.org survey. This follows record levels of online spending over the Black Friday weekend. Special promotions will … Continue reading

LowCards.com Weekly Credit Card Update November 21

Mobile Apps Aim to Steer Consumer Credit Card Choices There are two new mobile apps which help cardholders select the best credit card to use at checkout. Wallaby Financial released a free app that helps iPhone users determine which card … Continue reading

Mobile Devices To Aid Store Clerks This Holiday Season

Your Christmas shopping may be a little more pleasant this year, thanks to greater use of mobile devices by the clerks in certain retail chains. Sears and Kmart will equip their employees in 360 stores with mobile point-of-sale devices to … Continue reading