LowCards.com Weekly Credit Card Update–February 5, 2016

Don't Feel Bad, Millions Hide Bank Accounts From Their Spouses Too One in twenty people in the U.S. admit to having started secret bank accounts or credit cards without their partner's knowledge. Multiply that by the number of American adults, … Continue reading

Apple Pay May Come to Wells Fargo and Bank of America ATMs

Two more major banks are primed to introduce cardless ATMs. Citibank and Chase have been working on cardless ATMs, and last week, reports surfaced that Bank of America and Wells Fargo are planning to integrate Apple Pay into their ATMs. … Continue reading

LG Launching Universal Payment Card

According to multiple media sources, LG Electronics plans to launch an all-in-one payment card capable of linking a user's debit and credit cards. Korea's Electronic Times obtained a photograph of the unreleased card, which is rumored to be named the LG … Continue reading

LowCards.com Weekly Credit Card Update–January 22, 2016

Stolen Uber Accounts Worth More than Stolen Credit Cards Cybercriminals don't care that much about your credit card number anymore. Uber, PayPal and even Netflix accounts have become much more valuable to criminals, as evidenced by the price these stolen … Continue reading

New EMV Mobile Card Reader Available for Small Businesses

First Data has announced the release of Clover Go, an EMV-enabled card reader that can plug into any iOS or Android tablet or smartphone. It can process data via WiFi or a cellular connection, which allows business owners to process transactions outside … Continue reading

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

PayPal Sets Record for Most Donations Collected in 24 Hours

It's official--PayPal is now in the Guinness Book of World Records. On December 1, 2015, the company managed to collect a total of $45.8 million for charity in just 24 hours, earning the record for "Most money raised online for … Continue reading

LowCards.com Weekly Credit Card Update–January 8, 2016

Coin and MasterCard Want to Make Everything You Wear a Payment Device Coin has primarily been known for making one of the first "smart" credit cards that can switch between multiple cards. That hasn't worked out so well, but it … Continue reading

MasterCard and Coin Partner to Increase Wearable Payments

Today, MasterCard announced it was partnering with Coin to make MasterCard payments possible on fitness bands, smart watches and other wearable devices. In October, MasterCard introduced its Commerce for Every Device program, which enables consumers to use any gadget, accessory or … Continue reading

Five Insights about Mobile Shopping

Retale surveyed 3,000 active app users to see how they felt about mobile shopping technologies such as visit tracking, iBeacon, in-store push notifications, Near Field Communications (NFC) and mobile payments. The findings revealed most consumers do not want to feel … Continue reading

LowCards.com Weekly Credit Card Update–December 31, 2015

There are Officially More People Doing Their Weekly Banking via Mobile Phones Than Branches Mobile banking remains a technology in its infancy, but according to Javelin Strategy & Research, it has already eclipsed physical branches in terms of the percentage … Continue reading

PayPal One Touch Reports Strong Growth

The latest reports from PayPal indicate a strong growth for the company's innovative One Touch payment system. Approximately 10 million users have activated One Touch on their phones in the last six months, and over one million merchants worldwide now … Continue reading

Apple Pay Usage on the Rise

According to a PYMNTS and InfoScout report, many Apple customers like the idea of using Apple Pay, but adoption has been slow, in part because consumers are unaware which stores offer it as a checkout option. A new app called PayFinders may have a solution … Continue reading

LowCards.com Weekly Credit Card Update–December 23, 2015

How Apple's Trojan Horse Will Eat the Credit Card Industry Apple Pay was launched last year, with lots of fanfare and support by the credit card industry. Partnering with the banks that issue credit cards overcame the resistance that early … Continue reading

Samsung Pay Growth Continues

Samsung Pay is continuing to stake its claim in the mobile wallet market, adding another 19 Visa and MasterCard issuers to its list of supported payment sources. Last month, Samsung Pay added 8 new credit and debit cards to its … Continue reading

LowCards.com Weekly Credit Card Update–December 18, 2015

How the Fed's Interest Rate Hike Could Hit Your Wallet The Federal Reserve increased interest rates Wednesday afternoon for the first time in nearly a decade. As expected, the Fed announced that it would increase its benchmark rate by one … Continue reading

Android Pay Now Available for In-App Payments

Android announced on its blog yesterday that consumers can now use Android Pay to purchase items within many apps. "Since our launch this Fall, we've seen millions of people set up Android Pay, and the vast majority of them are using tap and … Continue reading

Samsung Pay Users Can Spend New Year’s Eve with Usher

As competition between Samsung Pay, Android Pay and Apple Pay heats up, the companies are offering consumers more incentives to use their services. Samsung has upped the ante by announcing that Samsung Pay users have the chance to win an exclusive performance … Continue reading

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

Costco Earnings Hurt by Credit Card Switch Costco's breakup with American Express is exposing a behind-the-scenes revenue source for retailers that promote co-branded cards: finders fees. After 16 years of exclusive relationship with American Express, Costco decided earlier this year … Continue reading

Walmart Introduces Walmart Pay

Today, Walmart became the only retailer to offer its own mobile payment system, Walmart Pay. The app will allow customers to use their Apple or Android phones to checkout at any lane in the store. Customers can link any major credit, … Continue reading

Mobile Payments Are Taking over This Holiday Season

Smartphones are playing a vital role in this year's holiday shopping season--not because people are buying more phones, but because they're using their phones to carry out many of their purchases. According to the 2015 Bank of American Trends in … Continue reading

LowCards.com Weekly Credit Card Update–December 4, 2015

As Subprime Credit Cards Grow, So Do Fees There's a growing subprime threat--and it fits in your billfold. The number of subprime credit cards in circulation--those with the highest interest rates--has exploded over the last five years to where in … Continue reading

Samsung Pay Adds Eight More Credit and Debit Cards

On Monday, Chase Visa credit, debit and Liquid cards joined the line of cards supported by Samsung Pay. A number of MasterCard issuers have also joined Samsung Pay, including Citizens Equity First Credit Union, Randolph-Brooks Federal Credit Union, Security Service Federal … Continue reading

LowCards.com Weekly Credit Card Update–November 20, 2015

First U.S. Debit Card Ready for Use in Cuba Americans visiting Cuba can finally put away their cash and pull out their debit card. MasterCard and Fort Lauderdale-based Stonegate Bank announced Thursday that their cards are now active for use … Continue reading

Slow EMV Readers May Spur Mobile Payment Usage

Adoption of EMV card readers has been slow. In September, only 22% of small retailers were ready for the October 2015 transition deadline. As more and more businesses switch to the microchip reader, though, they may be making credit cards … Continue reading

LowCards.com Weekly Credit Card Update–November 6, 2015

How Your Voice Can Protect You from Credit Card Fraud That call to your bank is being recorded for more than just "quality assurance purposes." Some banks are using voice biometrics and other technology to help determine who is calling … Continue reading

Amazon Discontinues Its Mobile Credit Card Reader

After only a year on the market, the mobile card reader known as "Amazon Register" is being pulled from the virtual shelves. Amazon announced it will be discontinuing its mobile payment processor as of February 1, 2016. Amazon Register was introduced … Continue reading

Visa Brings Token Technology to eCommerce

Last week, Visa announced that it was bringing token technology to Visa Checkout, the online service that allows customers to store shipping and payment information without having to re-enter their information. The token service replaces the sensitive information on payment cards, … Continue reading

LowCards.com Weekly Credit Card Update–October 30, 2015

Walmart Exec Predicts New Credit Card Chip Technology Will Cause Black Friday 'Anarchy' A Walmart executive is predicting "anarchy" this holiday shopping season due to new rules in place requiring retailers to accept chip-embedded credit cards from consumers. The exec … Continue reading

JP Morgan to Launch Chase Pay to Compete with Apple Pay

In an effort to compete with other digital wallets such as Apple Pay, PayPal and Android Pay, JP Morgan Chase will introduce Chase Pay in the coming year. The company plans to make it easier for its users to make purchases … Continue reading

Over 70 Million U.S. Adults Now Use Mobile Payments

According to a new survey from Mercator Advisory Group, 71.5 million adults in America used mobile payments in 2015, up from 61 million last year. A staggering 42% of smartphone owners have used their phones to pay for items in … Continue reading

Chase Replaces Square as the Payment Processor for Starbucks

Starbucks will soon be partnering with JPMorgan Chase to handle non-mobile payments for the coffee chain. Currently, this task is performed by Square, the company known mostly for its mobile credit and debit card readers. Square has processed payments for … Continue reading

LowCards.com Weekly Credit Card Update–October 23, 2015

Will Retail Shops be the New Bank Branches? There are a variety of visions for what the bank of the future should be—a coffee shop, a digital destination accessible mainly from a smartphone—but for the good folks over at Number26, … Continue reading

Users Want More Security Before They Switch to Mobile Payments

Awareness and knowledge about mobile payments are increasing rapidly but usage is relatively stagnant, according to Accenture's 2015 North America Consumer Digital Payments Survey. Accenture surveyed 4,000 smartphone users in the United States and Canada, and found knowledge about mobile payments … Continue reading

LowCards.com Weekly Credit Card Update–October 16, 2015

Target Converts to Credit Cards with PINs, Not Just Signatures, for Security Reasons Two years after its catastrophic data breach, Target has become the first major credit card issuer to convert to cards that contain a PIN. The department store--which … Continue reading

Apple Pay to Expand to Starbucks, KFC and Chili’s

In the minds of some analysts, Apple Pay has been somewhat slow in catching on with retailers and consumers. On Thursday, Apple Pay made some significant inroads, announcing it will be an accepted mode of payment in 2016 at Starbucks, Kentucky … Continue reading

LowCards.com Weekly Credit Card Update–October 9, 2015

Expect More Online Fraud as New Credit Cards Arrive The new chip credit cards that shoppers are getting in their mailboxes may prevent criminals from stealing from stores, but many thieves are expected to move their operations online. Small businesses … Continue reading

Mobile Payments Coming to Chevron Gas Stations

Visa and Chevron have joined forces to bring mobile payments to the pump. Today, the two companies announced they are launching a payment program at 20 Chevron stations in San Francisco and Silicon Valley later this fall. Consumers can pay for … Continue reading

Samsung Pay Available on TSYS Terminals

On Monday, TSYS, a credit card processing company, announced it would accept Samsung Pay, allowing their clients and merchants the ability to offer and accept mobile payments using nearly any terminal where you can swipe or tap your card. To use this … Continue reading

Shopify’s New Card Reader Accepts Apple and Android Pay

Last Friday, Shopify, a cloud-based payment platform for small and medium-sized businesses, announced it was introducing a new credit card reader that will accept “contactless” payments. These payment types include Apple Pay, Android Pay, and tap-to-pay credit and debit cards. The … Continue reading

Barclays and Verifone Team Up to Simplify Mobile Payments

On September 23, Barclays announced it would be partnering with Verifone to improve mobile commerce transactions. Retailers using Verifone’s m-commerce gateway will now be able to join the 70,000 businesses that are already using Barclays Pingit app. Consumers will be able … Continue reading

Security Still a Concern for Mobile Payments

The security of mobile payments remains a very big concern for cybersecurity experts. ISACA, a global nonprofit information systems organization, surveyed over 900 cybersecurity experts about mobile payments. These experts are excited about the convenience of mobile payments, but there … Continue reading

Best Buy Accepting Apple Pay and Android Pay

Best Buy now has the ability to accept Apple Pay and Android Pay in some of its stores. On September 16, GuruAidTechSupport posted a video on YouTube showing that at least some California Best Buy locations are now accepting Apple Pay … Continue reading

LowCards.com Weekly Credit Card Update–September 17, 2015

Bank of America Reveals Details of Biometric Smartphone App Bank of America has launched a mobile banking app which uses fingerprint and Touch ID sign-in. The bank says its new fingerprint and Touch ID sign-in capabilities provide eligible Android, iPhone … Continue reading

Study Reveals What Consumers Want from Mobile Payments

A first-of-its-kind global study reveals what consumers want from the mobile payment market. According to the survey, consumers are seeking out newer, more convenient ways to pay for items. What makes this study rather unique is the methodology used for gathering … Continue reading

Apple Pay to Accept Discover Cards Beginning Wednesday

Starting this Wednesday, September 19th, Apple Pay will be accepting Discover cards on its mobile wallet. Discover It cardholders will soon be able to pay for transactions with their phones, thanks to the near field communications technology that makes Apple … Continue reading

Google Finally Launches Android Pay

After much anticipation, Android Pay is finally here. Google launched its mobile wallet yesterday, starting with a small group of Android phones running on the Android 4.4 KitKat operating system at a minimum. The NFC payment system is scheduled to … 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

LowCards.com Weekly Credit Card Update–September 4, 2015

Credit Card Fraudsters Pump Gas Stations for Profit As motorists head out on the last big driving weekend of the summer, the credit card industry and gas-station owners are deploying everything from sophisticated software to heavy-duty padlocks to combat an … Continue reading