LowCards.com Weekly Credit Card Update–August 28, 2015

Banks Offering Mobile Banking But Consumers Slow to Adapt Financial institutions are offering mobile banking faster than consumers are adapting to it, according to a recently published survey from the Federal Reserve Bank of Boston. Banks and credit unions are … Continue reading

Smart Vending Machines Will Become the Norm

Mobile payments are no longer reserved for restaurants and retailers. Through recent technological innovations, smart vending machines are making their way across the country. Vending machines are becoming just as cashless as the rest of society. Many units now come equipped … Continue reading

Visa Checkout Expands to 6 Million Users

Visa Checkout, Visa's mobile wallet, continues to undergo substantial growth. Introduced just over a year ago, Visa Checkout now claims to have over six million registered users, up 92% from the beginning of 2015. In addition, Visa Checkout has experienced … Continue reading

MasterCard Tests ‘Selfie Pay’, Facial Recognition Technology

MasterCard is testing new facial recognition technology that would allow users to verify payments with a quick photo. Dubbed "Selfie Pay," this new system will soon be tested in the United States and the Netherlands. To use Selfie Pay, an account … Continue reading

PayPal Acquires Modest Mobile Commerce Startup

In its first big transaction after cutting ties with eBay, PayPal has acquired mobile commerce startup Modest for an undisclosed amount of money. Modest provides innovative mobile solutions for merchants and retailers, including the ability to incorporate a buy button … Continue reading

Merchants Still Not Saving after Durbin Amendment

Nearly four years after the Durbin Amendment to the Dodd-Frank Act went into effect, the Federal Reserve Bank of Richmond has released a study assessing the impact the changes have had on merchants. Though the amendment was designed to save … Continue reading

LowCards.com Weekly Credit Card Update–August 21, 2015

Mobile Banking Usage to Double in Four Years Mobile banking usage throughout the world is expected to double in less than four years, according to a new study from KPMG and UBS. In 2014, the number of mobile banking users … Continue reading

Mobile Payments Projected to Double by 2017

Mobile payments taking place throughout the world are expected to reach $1 trillion in 2017, twice the current transaction volume of $500 million. According to the research from International Data Corporation, the growth is largely due to an increase in … Continue reading

Mobile Banking Usage to Double in Four Years

Mobile banking usage throughout the world is expected to double in less than four years, according to a new study from KPMG and UBS. In 2014, the number of mobile banking users was close to 800 million, but that number … Continue reading

Rite Aid Stores Now Accepting Mobile Payments

After rejecting the idea of mobile payments, the national drug store chain Rite Aid announced it is now accepting Apple Pay, Google Wallet and the upcoming Android Pay as of this past Saturday, August 15. The change most likely came from … Continue reading

LowCards.com Weekly Credit Card Update–August 14, 2015

Samsung Enters Mobile Payment Wars With Samsung Pay Samsung is taking on Apple and Google with its own mobile payment system. At a press event in New York Thursday, the company announced Samsung Pay, a new contactless payment system that … Continue reading

New Device Authenticates Mobile Payment Using Your Heartbeat

Wearable biometrics provider Nymi has teamed up with TD Bank and MasterCard to create the world's first wearable mobile payment solution. Backed by biometric technology, this wearable uses a person's heartbeat to verify identity and authorize contactless credit card payments. … Continue reading

Outback Steakhouse to Launch Pay-at-the-Table Mobile App

Outback Steakhouse is taking the "smart" approach to customer payments with its new smartphone app that lets diners pay for their meals from their phones. Using the app, customers can cover their tab without waiting for a server to come … Continue reading

American Express Corporate Cards Now Support Apple Pay

Today, American Express announced they are giving their corporate cardmembers the ability to make transactions with Apple Pay. In a press release, American Express says it is the first major corporate card to be integrated with the Apple Pay mobile … Continue reading

LowCards.com Weekly Credit Card Update–August 7, 2015

Using a Digital Wallet May Cost You in Credit Card Rewards Mobile payments are surging as an alternative payment method, with Forrester Research estimating that the industry will nearly triple in terms of transactions by 2019. Digital wallets are typically … Continue reading

MasterCard Partnership to Bring Samsung Pay to Europe

Samsung's highly anticipated mobile wallet, Samsung Pay, is expected to launch in America this summer, but an expanded partnership with MasterCard will now allow the digital wallet to reach Europe as well. MasterCard and Samsung have an existing partnership for the wallet … Continue reading

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

Could Mike Tyson Become The New Face For Bitcoin? Although bitcoin has taken some major steps toward mainstream adoption over the past year, the cryptocurrency's user base is still largely dominated by tech-savvy individuals who see digital currencies as an … Continue reading

PayPal Added to Subway’s Mobile Payment Options

Today, Subway announced an expansion of their mobile payment platform. Their 27,000 sandwich locations in the United States will take PayPal by the end of the year. Subway also introduced an updated app which allows their customers to choose a … Continue reading

Prepaid Mobile NFC Payments to be Introduced

Prepaid card provider InComm and digital security firm Gemalto plan to team up to provide NFC enabled prepaid cards in the near future. The partnership will allow prepaid cards to work through mobile technology to create a contactless payment solution, … Continue reading

LowCards.com Weekly Credit Card Update–July 24, 2015

Adultery Website Hack Could Expose 37 Million Cheaters Ashley Madison, the adultery website which uses the tagline "Life is short. Have an affair," confirmed that it suffered a "criminal intrusion" into its system which could expose private details of as … Continue reading

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

Credit Cards are the Preferred Payment Method It's all in the cards--the days of cash and carry are long gone. When consumers pay for purchases today, whether in person or online, the overwhelming majority prefer to use a debit or … Continue reading

LowCards.com Weekly Credit Card Update–July 10, 2015

Meet AmEx's PayPal Competitor, Express Checkout As the war to own the digital wallet continues, American Express is joining the battle with Express Checkout, a new way to pay using your AmEx card online. AmEx Express Checkout is similar to … Continue reading

Apple Pay to Make Its UK Premiere in July

Apple Pay is finally making its way to the European market. Apple announced it will be launching its mobile payment service in the UK in July, and it will be available at more than 250,000 locations. Apple Pay was initially launched … Continue reading

LowCards.com Weekly Credit Card Update–June 12, 2015

Hackers Go After Little Fish, Too, While Trawling for Credit Cards Hackers are going local in their efforts to steal credit card information from United States customers, hitting small businesses with as much frequency as retail giants. Take Eataly, the … Continue reading

Google’s Android Pay will not Collect Card Transaction Fees

When Google finally launches Android Pay, its mobile phone payment service, it will not get a cut of the interchange fees on transactions. This is drastically different than Apple Pay. When Apple Pay was introduced, banks and merchants were clamoring … Continue reading

Google Receives Major Support for Android Pay

Last week, Google announced that its mobile payment platform, Android Pay, will be available on Android tablets and smartphones. In the short time since its unveiling, the Apple Pay competitor has already received substantial support from a number of large … Continue reading

Swatch Creating Smartwatch Designed for Mobile Payments

Swatch, one of the largest watch makers in the world, is attempting to expand into a new category: smartwatches. While the company has not released pictures or official specs yet, it has confirmed that it is working on a smartwatch made specifically … Continue reading

Visa Checkout Expands Mobile Wallet to More Worldwide Merchants

Visa's mobile wallet, known as Visa Checkout, is now being accepted at even more online and in-person merchants. The company announced it will be expanding its services in several countries, giving more customers access to fast, convenient mobile payment solutions. The … Continue reading

A Faster Way to Order and Pay for Your Food

OpenTable, a mobile payments platform that allows diners to pay for their meals before the check arrives, has partnered with NCR Corporation to expand its platform to even more restaurants. The "Pay with OpenTable" app will now be incorporated with … Continue reading

Trader Joe’s Stores Will Accept Apple Pay and Google Wallet

Shoppers at popular grocery chain Trader Joe's will soon have the option to pay for their items through their mobile wallets. Several of the store's 400+ locations have been upgraded to accept touchless payments over the last few months, even … Continue reading

AmEx Rewards Now Accepted at Chili’s Grill & Bar

American Express Rewards members now have one more way to spend their loyalty points. AmEx has announced that starting today, May 18, Membership Rewards points can be used for dine-in purchases at select Chili's Grill & Bar locations nationwide. The … Continue reading

Do Consumers Feel Secure about Mobile Payments?

Americans are almost evenly split on how they feel about the security of mobile payments. According to a new survey from 451 Research, 24% of the respondents feel mobile payments are more secure than traditional payment methods, while 27% believe … Continue reading

Apple Pay to Accept Discover Credit Cards this Fall

Apple Pay is expanding its options once again, with plans to accept Discover cards this fall. Apple Pay will now be working with the country's top four credit card networks, since Visa, MasterCard and American Express are already being used … Continue reading

Starbucks Runs 8 Million Mobile Transactions Each Week

Starbucks is the most successful retailer in the mobile payment industry. Company executives now say the coffee chain is up to eight million weekly purchases through its mobile platform. The Starbucks mobile app has grown tremendously in a short period … Continue reading

Consumers Slow to Adapt to Mobile Banking

Two recent reports show mobile banking may not be catching on with consumers as quickly as expected. A new survey from RateWatch reveals that 36% of Americans have never used mobile banking. The research indicates that the number of people using mobile … Continue reading

Microsoft Makes Move into Mobile Payments

Microsoft may soon be entering the payment industry, challenging mobile wallet providers like Apple Pay and the upcoming Samsung Pay. "Microsoft Payments, Inc." was granted a money transmitter license, giving the company the right to transfer money from one account … Continue reading

AliPay to Launch First Wearable Payment Option in China

Alibaba, a leading retail website in China, has officially partnered with smartphone developer Xiaomi to create the first wearable payment system in the country. The partners will combine Alibaba's mobile wallet, AliPay, and Xiaomi's Mi Band smart fitness bracelet to … Continue reading

LowCards.com Weekly Credit Card Update–March 27, 2015

Google Working on Project to Let You Receive and Pay Bills Directly Inside Gmail Google's mission to organize the world's information is now targeting your physical mailbox. The company is currently working on a project that will allow Gmail users … Continue reading

85% of iPhone 6 Users Have Never Tried Apple Pay App

Industry experts had high hopes that Apple Pay would boom in popularity, especially after 1 million mobile wallets were activated in the first 72 hours after the iPhone 6 was released. However, a new survey showed 85% of iPhone 6 … Continue reading

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

Facebook to Let Messenger Users Send Cash to Friends Facebook is giving the more than 500 million users of its Messenger app the ability to send money to each other, becoming the latest mobile platform to incorporate a payments service. … Continue reading

LowCards.com Weekly Credit Card Update–March 13, 2015

Why was your Credit Card Number Stolen? Retailers are Lazy If a shop wants to accept credit cards, it needs to abide by strict payment card industry (PCI) rules and pass a test. But a new Verizon cybersecurity report shows … Continue reading

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

Retailers Face $8.65 Billion Bill for New Generation of Credit Cards New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment … Continue reading

Boku Launches Phone-on-File Payments to Compete with Credit Cards

Boku, a mobile payment solution using carrier billing, has created a program called Phone-on-File that allows phone numbers to be stored for one tap purchases, much like a credit card. The stored numbers can be used for both one-time and … Continue reading

LowCards.com Weekly Credit Card Update–February 27, 2015

Google Buys Softcard, Teams Up with Carriers on Mobile Payments Google and the mobile carriers have long been at odds over mobile payments, but faced with the runaway success of Apple Pay, the two rivals have become friends. AT&T, Verizon … Continue reading

Mobile Payments Account for 21% of Fraudulent Transactions

Mobile payments make up 21% of fraudulent transactions in the United States, even though they only represent 14% of the market. According to the 2014 LexisNexis True Cost of Fraud Study, the report shows mobile payments are putting mCommerce merchants … Continue reading

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

In Challenge to Apple Pay, Samsung Buys Mobile Payment Company Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up to challenge Apple and its payment system on iPhones. The deal strengthens speculation that Samsung Electronics plans … 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–January 30, 2015

Apple Pay Accounts for $2 out of every $3 Spent with Contactless Payments Apple CEO Tim Cook said that around $2 out of every $3 spent using contactless payments across Visa, MasterCard, and American Express are being made with Apple … Continue reading

Braintree Now Lets Merchants Accept Bitcoins for Payment

Braintree, a mobile-friendly payment processor now owned by PayPal, has launched a private beta test that lets any U.S. merchant accept payments from Bitcoin. The company announced plans of this transition last September, and now these plans are coming to … Continue reading

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

More Than 90% of Data Breaches Could Have Been Avoided Nine out of 10 data breaches that occurred in the first half of last year could have been avoided, according to a new report. The report, which analyzed more than … Continue reading