Square’s New Cash App May Cut Into PayPal’s Market Share

Square's new app known as Cash allows a user to send cash to anyone with a mobile phone number or email address. The app's other options could make Square a force in the mobile payment world, and pose a threat … Continue reading

PayPal Launches One-Touch Mobile Checkout for Apps

PayPal is aiming to make mobile app payments a little easier with the launch of its new product, One Touch. This platform helps merchants and app developers give their customers a convenient way to pay for products and services. One Touch … Continue reading

Thieves Using PayPal Prepaid Cards to Steal Products

A new form of debit card theft is emerging in the Washington, D.C. area, where thieves are using PayPal prepaid debit cards to steal items from stores. The thieves are targeting stores that accept offline transactions when a card has … 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

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

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

PayPal Is Keeping eBay Afloat

PayPal, the online payment processor owned by eBay, may be the big thing keeping the parent company afloat. eBay has seen a steady decline in its revenue, especially after a data breach discovered in May of this year. According to their … Continue reading

Visa Checkout Aims to be Faster Than a Mobile Wallet

Visa's new mobile application, known as Visa Checkout, hopes to speed up the checkout process for mobile phone users. Visa Checkout looks similar to V.me, which was launched in 2011. However, this program functions in an entirely new way, acting … Continue reading

Flaw Found in PayPal’s Authentication Process

PayPal is one of the most trusted online payment processors, but a flaw was recently discovered in its two-factor authentication process. PayPal asserts that no account information was revealed during the breach, and they are now aware of vulnerability in … Continue reading

Bitcoin Projected to Overtake PayPal in U.S. Transaction Volume

What once was considered a fad in the financial world is now turning into a primary form of online money exchange. Bitcoin, the most recognized digital currency, has already grown to nearly $300 million in transactions a day. Bitcoin has … 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

PayPal Tests Smartwatch Payment Option at Starbucks

PayPal is testing a new wireless smartwatch system at Starbucks that identifies you to the barista when you enter the store and allows you to pay for purchases. The new pilot program is currently being tested at a Starbucks located … 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

PayPal Here Redesigned to Accept Chip-and-PIN Credit Cards in Australia

PayPal Here is a mobile app and bluetooth device which allows small businesses in Australia to accept credit cards on their smartphones. The new model is designed to work with chip and PIN cards. Users will not have to plug … Continue reading

American Express Invests in International Mobile Credit Card Processor

Credit card giant American Express recently bought in a minority stake in India-based Ezetap, a mobile credit card processor that accepts both magnetic and chip-and-PIN cards with a simple dongle. Ezetap is similar to American-based Square since both devices process credit … Continue reading

LowCards.com Weekly Credit Card Update–February 21, 2014

A Line of Defense Against the Theft of Personal Data Credit-monitoring is often backward-looking, informing you of new accounts that thieves may have already opened in your name. But a freeze prohibits the bureaus from releasing your credit reports to … Continue reading

PayPal President Victim of Credit Card Skimming

PayPal President David Marcus recently tweeted that his credit card information was stolen during a trip to the U.K. The card was supposedly "skimmed" at the hotel where he was staying, and then used to make an array of purchases … Continue reading

Identity Fraud Continues to Skyrocket

Identity theft is happening all the time--literally. A new report by Javelin Strategy & Research shows that there was a new identity fraud victim nearly every two seconds in 2013. Last year, there were an estimated 13.1 million victims of identity … Continue reading

PayPal Continues to Go Mobile with StackMob

In an effort to claim an even bigger stake in the mobile payment market, PayPal has purchased the app-development company StackMob. The exact terms of the deal have not been disclosed at this time, but PayPal has confirmed that 18 … Continue reading

PayPal Expands Small Business Lending Program

PayPal launched its Working Capital program in late 2013 as a way to give select PayPal users access to simple business loans. During its three-month test, approximately 90,000 users were given the chance to take out a loan of up … Continue reading

PayPal Now Accepts Prepaid Gift Cards for Online Shopping

With its wide range of uses, PayPal is considered one of the most versatile payment platforms for online shopping. But one thing that always bothered some users about this payment processor was that it did not accept prepaid gift cards. … Continue reading

PayPal Competitor BlueSnap Expands Its Reach

BlueSnap is an online payment processor that is seeking to offer a smarter, faster and more secure alternative to PayPal. The company recently expanded from a small office in California to a large building in Waltham, Massachusetts, and plans to grow … Continue reading

PayPal, AmEx and MasterCard Now Offer Free Shipping

PayPal and American Express announced plans earlier this year to allow customers to receive free two-day shipping at select online retailers. MasterCard has now decided to do the same. These shipping programs are in response to overwhelming success of Amazon … Continue reading

Smartphone App Lets Diners Pay without the Check

Ever get tired of waiting in a restaurant for the check to arrive? Wouldn't it be great if you could dine and dash, yet still pay your restaurant bill? Now you can with the smartphone app called Cover. Cover is … Continue reading

Credit Card Companies Ban Online Betting

Credit card companies are beginning to block online gambling charges, just as web-based casinos are becoming legal in the United States. Delaware and Nevada currently allow internet gambling in their borders, and officials in New Jersey are discussing the subject. … Continue reading

J Crew Becomes MasterPass Partner

The clothing retailer J Crew recently announced that it will be joining the MasterPass program issued by MasterCard. This program promises a faster shopping experience by letting consumers check out with the touch of a button, whether at home, on … Continue reading

PayPal Now Offers Small Business Loans

PayPal is branching into new territory with the creation of PayPal Working Capital. With this program, select business account holders have access to a loan through PayPal, and the terms are rather attractive. A business can borrow 8% of their … Continue reading

LowCards.com Weekly Credit Card Update–October 4, 2013

CFPB Targets Banks' Campus Deals The Consumer Financial Protection Bureau is concerned that deals between banks and colleges steer students toward checking accounts and debit cards that come with high fees or other costs. Schools and the banks say any fees and other … 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

Shopify Launches New Credit Card Payment Processor

Shopify is taking on PayPal by introducing a fully integrated credit card processor for its customers. Shopify is an ecommerce platform that allows business owners to easily create stores online. Until now, Shopify customers had to create separate accounts through third-party … Continue reading

Groupon Expands into Credit Card Processing Industry with BreadCrumb

Groupon has struggled somewhat in the last few years, but the company has introduced a new mobile payment processing device that could make an impact on the industry. The product is called BreadCrumb and payments can be processed on smartphones, … Continue reading

PayPal Makes Big Strides with Mobile Wallets in Australia

MasterCard and Visa both recently announced plans to launch mobile wallets in Australia, but it seems that PayPal may have the upper hand. PayPal has signed contracts with EatNow and OrderMate to process payments at over 2,000 restaurants in Australia. The … Continue reading

Best Personal Finance Apps of 2013

Personal finance apps can help you manage your money, create a budget and monitor your accounts, all from your smartphone or tablet. Many of these applications are free to use, and they provide valuable insight into your financial world. If … Continue reading

Who Killed the Cash Register?

PayPal announced its new Cash for Registers program last month, which encourages merchants to switch from cash registers to PayPal-powered POS systems. With their latest commercial, the company is now asking "Who killed the cash registers?" in a funny Law … Continue reading

PayPal Hints at Plans to End Passwords

Don't you miss the days when you could trust using your birthday as a password? Now every website wants you to register a password with what seems like a minimum of three letters (at least one capital), six non-sequential numbers, … Continue reading

Bitcoins Gaining Popularity Among Small Business Owners

A Bitcoin is a digital currency that provides instant payment anywhere in the world. It has gained wide popularity in the last few years, and more small businesses are now accepting Bitcoins for their online transactions. Some merchants believe they … Continue reading

MasterCard Hits PayPal with New Fees

Up until now, PayPal and similar electronic payment processors have been able to avoid excessive fees from credit card companies, with those companies assuming all the costs for transactions in their systems. MasterCard has finally grown tired of this, and … 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