LowCards.com Weekly Credit Card Update–November 25, 2015

18 Most Popular Things Fraudsters Buy with Your Credit Card When you're scanning your credit card statement this holiday season, there are certain types of purchases you might want to keep an eye out for. In a sampling of nearly … Continue reading

Heartland, Pinnacle Bring EMV POS Solutions to Convenience Stores

The first point-of-sale (POS) system for convenience stores and petroleum retailers that is compliant with EMV guidelines has been introduced by Heartland Payment Systems and The Pinnacle Corporation. Heartland, a payment processing company, joined up with Pinnacle, a company that provides … 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

MasterCard’s Corporate Cards Now Good in All Mobile Wallets

On Wednesday, MasterCard announced its commercial credit card issuers will be provided with tokenization services. Thanks to this improvement, business travelers will soon be able to load corporate credit cards onto their participating mobile and digital wallets. MasterCard has now enabled tokenization … 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

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–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

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 using this as a tool to attract and retain … 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

Major Payment Providers Will Support Samsung Pay

Samsung Pay, the much-anticipate mobile wallet, is already receiving tremendous support from big names in the debit and credit card industries. The digital payment platform is set to launch some time later this year in the United States, South Korea, … 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

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

CurrentC Payment App Set to Launch Next Month

CurrentC, often coined as the "Retailer's Answer to Apple Pay," is set to hit stores next month. The initial release of this mobile payment system will be a trial run in select stores, as the nationwide launch isn't set until … 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

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

Samsung Paid $250 Million to Compete with Apple Pay, Google Wallet

Samsung Electronics acquired the mobile wallet LoopPay in February for an undisclosed amount of money in an effort to compete with Apple Pay and Google Wallet. New reports now provide insight into just how much money Samsung was willing to … 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

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

New PayPal Here Card Reader Supports NFC Payments

PayPal will soon launch a new version of its PayPal Here credit card reader which is expected to accept NFC payments as well as chip-and-PIN credit cards. Merchants and small business owners using PayPal Here will be able to accept … Continue reading

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

Swyp All-in-One Credit Card Learns Your Spending Patterns

Swyp, a new innovation from Qvivr, is a digital wallet which acts as an all-in-one credit card. SWYP has a chip that stores account information for each of your cards. What makes this device special is the fact that it can predict … Continue reading

MasterCard and BMW Create Contactless Credit Card for DriveNow Car Sharing

MasterCard and BMW have joined forces to create a contactless credit card that can be used with BMW and MINI vehicles on the DriveNow car sharing fleet. The card has the ability to hire, unlock and operate the vehicles, all … Continue reading

LowCards.com Weekly Credit Card Update–November 14, 2014

New Consumer Protections for Prepaid Cards The Consumer Financial Protection Bureau is extending many of the financial protections of bank accounts to prepaid cards. New rules proposed Thursday by the federal regulator would require that prepaid card users be protected … Continue reading

Apple Pay’s Biggest Competitor Could be a Totally New Credit Card

Apple Pay is being heralded as a revolutionary new payment system because of its two new security features: tokenization and fingerprint identification. The shocking number of data breaches in the last year have made credit card theft the crime that … Continue reading

Apple Pay to Launch Monday

Apple Pay, a revolutionary new payment system where consumers can make payments with a touch of their finger on their new iPhone 6 and iPhone 6 Plus, will launch this Monday, October 20. Apple Pay allows consumers to store their … Continue reading

LowCards.com Weekly Credit Card Update–September 12, 2014

Apple Pay Could Make you Poorer The new Apple payment system has extraordinary promise. With Apple Pay, you might not need a wallet, and you can leave your credit and debit cards at home. In terms of ease and convenience, … Continue reading

Could Apple Pay Be the End of Data Breaches?

Apple's announcement of a new payment system, Apple Pay, could not have come at a more opportune time.Consumers have been shell-shocked by the number of data breaches that have taken place at well-known stores: Target, Neiman Marcus, Michaels, P.F. Chang's, … Continue reading

Apple’s Introduction May Lead to the End of the Plastic Credit Card

The date of September 9, 2014 may very well be the beginning of the end of the physical credit card. As we forecasted in June, there is a good chance Apple will announce a watch and/or phone on Tuesday that … Continue reading

Mobile Wallet Isis Changes Name to Softcard to Avoid Association with Terrorist Group

The mobile wallet formerly known as Isis has rebranded its product to Softcard in order to avoid any association or confusion with the violent Islamic militant group with the same name. "We have no interest in sharing a name with … Continue reading

LowCards.com Weekly Credit Card Update–May 30, 2014

Correcting Your Credit Report Gets Easier You just got more of a say in fixing errors on your credit report. Pushed by the Consumer Financial Protection Bureau, major credit reporting companies Equifax, Experian, and TransUnion have changed their complaint systems … Continue reading

Will the Apple iWatch be a Revolutionary New Payment System?

The Apple Worldwide Developers Conference in San Francisco begins on June 2 and everything from Apple TV to the Beats acquisition for $3.2 billion has been mentioned as possible groundbreaking announcements. One of the latest rumors has an Apple iWatch with … Continue reading

LowCards.com Weekly Credit Card Update–May 2, 2014

After Data Breach, Target Plans to Issue More Secure Chip-and-PIN Cards Still pushing to right itself after an enormous data breach by cybercriminals, Target announced that it would switch its debit and credit cards over to a more secure technology … Continue reading

Apple Primed to Become Mobile Wallet Leader

Apple published its quarterly earnings last week, a few hours after we published our original story "The Mobile Wallet Battle Heats Up". Apple CEO Tim Cook took the earnings call as an opportunity to tell everybody about his war plan … Continue reading

iPhone Users Gain Access to Isis Mobile Wallet

iPhone users no longer have to miss out on the convenience of the Isis Mobile Wallet, thanks to a new case offered by Verizon Wireless. Isis has long been available on select Android devices, but iPhones lacked the chip necessary to … Continue reading

Washington Metro to Launch Pay-by-Phone Program in 2014

The Washington DC Metro has been discussing a pay-by-phone option for some time, and authorities announced that the system should be in place later this year. The Washington Metropolitan Area Transit Authority, known as Metro, awarded the $184 million contract for the … Continue reading

LowCards.com Weekly Credit Card Update–January 10, 2014

Target: Up to 70 Million More Customers Were Hit by December Data Breach Target said Friday that the massive cyber attack it suffered during the height of the holiday shopping season may have affected an additional 70 million customers and … Continue reading

The History of the Credit Card

Technology, innovation and social media are bringing changes to credit cards. 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 the … Continue reading

LowCards.com Weekly Credit Card Update–September 27, 2013

Google Wallet Arrives on iPhone Google introduced the Wallet app to the iPhone, a move which will hasten the replacement of cash and credit cards. The iOS app will allow users to store gift and loyalty cards and send cash … Continue reading

MasterCard To Introduce New Mobile Wallet in Japan

MasterCard has announced it will soon launch a contemporary mobile wallet in Japan that utilizes near field communication. This combines their digital service PayPass with DNP's mobile wallet and C-SAM's mobile transaction software. The new program will allow users to pay … 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

LowCards.com Weekly Credit Card Update–April 12, 2013

Analysts See Steady Credit Card Use, Despite Fears of Consumer Cutbacks Analysts expect upcoming earnings from American Express, Visa and other large credit card companies to show that shoppers continued to swipe their credit cards at a healthy clip in the … 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

Another Advancement in Mobile Payments

After months of delays, mobile payment took another step forward this week with the launch of the Isis system in Salt Lake City and Austin. Isis allows consumers to make payments with their smartphone by waving it at a check-out … 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