Prepaid Card for Bitcoins Introduced

Bitcoin enthusiasts may have a new way to get access to their favorite digital currency. A company called Prepaid Bitcoin has developed a new product--a prepaid card for Bitcoins. The new card allows users to pay for Bitcoins in four … Continue reading

Glitch Puts Thousands of Tax Refunds on Unwanted Prepaid Cards

Nearly 8,000 taxpayers in Louisiana are receiving their tax refunds on prepaid debit cards this tax season, even though they asked for direct deposits. A glitch in the system sent out thousands of prepaid cards to the wrong taxpayers, and the state … Continue reading Weekly Credit Card Update–March 14, 2014

How Target Blew It Poring over computer logs, Target found FireEye's alerts from November 30 and more from December 2, when hackers installed yet another version of the malware. Not only should those alarms have been impossible to miss, they … Continue reading

Should I Get an Emergency Credit Card for my Teenager?

Once your teenager is driving, it is a good idea that he or she have access to some funds in case of an emergency. You don't want your loved one stranded on the side of the road, unable to pay … Continue reading

Saving Money on Prepaid Card Fees

Prepaid debit cards have become incredibly popular, but most people don't realize how many fees can be associated with these cards. Whether you use prepaid cards as an alternative to a checking account or as a budgeting tool, you can … Continue reading Weekly Credit Card Update–March 7, 2014

Another Day, Another Retailer in a Massive Credit Card Breach The corporate hacks keep coming. The latest target, according to cybersecurity blogger Brian Krebs, is the beauty supply chain Sally Beauty, a retailer that draws customers from salons and other … Continue reading

The Appeal of Prepaid Debit Cards

Two new surveys from the Pew Charitable Trusts show that prepaid debit cards have become a popular alternative to checking accounts for more Americans. Consumers loaded $64.5 billion onto prepaid debit cards in 2012, a 13% increase from the $56.8 billion in 2011, and … Continue reading

Nevada to Allow Prepaid Debit Cards at Slot Machines

Gamblers in Nevada may soon be able to use prepaid debit cards to play the slot machines. The Nevada Gaming Commission voted 4-0 to approve amendments to state regulations that prevent cards from being used at slots. The new rules … Continue reading Weekly Credit Card Update–February 14, 2014

Target Data Breach Pits Banks Against Retailers Banks and big retailers are locked in a debate over the breach of consumer data that gripped Target during the holiday season. At issue: Which industry bears more responsibility for protecting consumers' personal … Continue reading

Prepaid Debit Cards Not Just for Unbanked Consumers

Prepaid debit cards are most often associated with unbanked consumers who use the cards to receive direct deposits or store their money securely. A surprising new study from Pew Charitable Trusts indicates that may not be the case anymore. According … Continue reading

Special Benefits of a Prepaid Card

Just about anyone can get a prepaid card, but many people believe they are only used as a gift or by people who cannot quality for a credit card. You may not realize some of the special benefits that prepaid … Continue reading

Green Dot Prepaid Card Scams on the Rise

Green Dot prepaid cards have become a new target for scammers, who are tricking customers into sharing information about these cards on the phone or online. Green Dot MoneyPak cardholders are issued a PIN just like normal debit cards, and … Continue reading

Top 10 Credit Card Stories of 2013

Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the largest data breaches in history … 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

Credit Cards Can Help Build Your Credit Score

If you have a bad credit score or perhaps no credit history, a credit card can be used to boost your credit score. But only if it is used properly and prudently. Here is a guide explaining how to use … Continue reading

American Express Targets New Card for Video Game Players

In an effort to attract new and younger consumers, American Express has launched a line of prepaid cards in association with the online video game, League of Legends. The new prepaid cards contain illustrations of League of Legends characters, and … Continue reading

‘More Fun’ Prepaid Card Helps Tourists to the Philippines Shop with Ease

Late last year, the Bank of the Philippines and the Department of Tourism teamed up to create the More Fun Prepaid Card. This card is designed to improve the shopping experiences of tourists in the Philippines by minimizing interest rates … Continue reading

Money Management Tips for College-Bound Students

Many students will soon leave home for college, taking another step toward independence and managing money on their own. Students unprepared for new freedom can quickly go into debt and ruin their credit score. Parents need to make sure students … Continue reading Weekly Credit Card Update–July 3, 2013

As Rules Change, More Retailers Offer Discounts for Cash Payments Some gas stations and merchants are now offering discounts for cash payments since new rules from a January 27 settlement allow businesses to charge up to 4 percent more on … Continue reading

Comparing Prepaid Debit Cards and Secured Credit Cards

Most people assume that prepaid debit cards and secured credit cards are the same. They both require some form of deposit to operate, and they are both available with no credit or bad credit. Nevertheless, there are key differences between … Continue reading Weekly Credit Card Update–May 17, 2013

The Long Shadow of Bad Credit in Job Search Over the last several decades, credit reporting bureaus have been selling their services to a much wider range of buyers than just banks.  Nearly half of employers use credit checks when … Continue reading

$45 Million Theft Underscores Hazards of Prepaid Cards

As the use of prepaid debit cards increases, so does the risk of theft and fraud. Last week, federal prosecutors charged eight individuals in New York with cyber attacks on the global financial system. They were part of an international … Continue reading

American Express Partners with Chegg on Textbook Buyback Program

College students who use Chegg to sell their textbooks now have a new way to receive their money. American Express has announced a partnership with Chegg that will allow these students to deposit buyback money to a Serve prepaid card. … Continue reading

Justin Bieber Prepaid Card Hits the Market

Meet Justin Bieber, financial spokesman. A new prepaid card is available called SpendSmart is being heavily promoted by none other than the teen heartthrob. Bieber is using his social media army, reportedly comprised of 30 million Twitter followers and 48 million Facebook fans, to … Continue reading

How to Check My Credit Score for Free

Running a search for "how to check my credit score for free" may lead you to a lot of websites that are actually just companies trying to sell their services. There are ways to check your credit score for free, … Continue reading

American Express Gets FDIC Insurance

American Express has recently been scrutinized for lacking FDIC insurance on its prepaid cards. The company instead chose to work through a surety program, which gave its customers different levels of protection based on the states they live in. Amex … Continue reading

American Express, Walmart Enhance Bluebird Prepaid Card

American Express is making two major changes with the Bluebird prepaid card sold at Walmart. These cards will now be backed by the Federal Deposit Insurance Corporation. In addition, consumers will have the ability to write checks and to make … Continue reading Weekly Credit Card Update–March 15, 2013

Prepaid Cards May Lack Protections of Checking Accounts Reloadable prepaid cards don't have to carry federal deposit insurance, as checking accounts do, says a new report from a project of the Pew Charitable Trusts. Cardholders can use them for direct … Continue reading

1 in 4 cardholders globally have been victimized by fraud

One out of four consumers from 17 countries worldwide have been victims of credit, debit or prepaid card fraud, according to a survey conducted by the payments system company ACI Worldwide. The 2013 Global Card Fraud Survey is based on interviews … Continue reading

Prepaid Debit Cards Becoming Popular Alternative

As debit cards continue to replace checks and cash as the most popular way to purchase goods and services, more consumers are turning to transactions not tied to traditional banking accounts. Birmingham-based Regions Financial Corp. jumped into the fray a … Continue reading Weekly Credit Card Update January 4

Consumer Watchdog Readies to Bare Its Teeth The Consumer Financial Protection Bureau is entering 2013 poised to flex its muscles as it finishes up a list of studies and rules required by the law. They will have wide latitude to … Continue reading

Justin Bieber Promotes Prepaid Debit Card

The onslaught of celebrities putting their name on a prepaid card continues. Justin Bieber has entered into a partnership with BillMyParents on a new prepaid debit card aimed at teenagers. Bieber will use his social media army, reportedly comprised of … 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 Weekly Credit Card Update October 26

Credit Card Settlement Could Stymie PayPal's Retail Plans A provision within the hotly-contested settlement between merchants and credit card networks could potentially slow PayPal's bid to become more widely accepted at grocery stores, restaurants and other retailers. Retailers that choose to … Continue reading

New Rules for Prepaid Cards in Canada

Significant changes in prepaid cards are now taking place in Canada. Canada's Finance Minister, Jim Flaherty, announced today that issuers cannot impose expiration dates on prepaid cards in the future. Fees have to be prominently displayed in an information box … Continue reading

American Express Posts 8 Percent Growth in U.S. Cards

American Express cardholders in the United States spent 8 percent more on their credit cards in the third quarter versus a year ago, according to the company's quarterly reports. Globally, American Express showed a 6 percent increase in card purchases in the third … Continue reading

LowCards Weekly Credit Card Update October 12

Wal-Mart and AmEx in Prepaid Card Deal Wal-Mart Stores is taking another leap into the banking world, announcing on Monday a prepaid card and debit account with American Express that will give low-income consumers access to features like smartphone deposits. … Continue reading

American Express, Walmart Team Up on Low-Fee Prepaid Card

Walmart and American Express are joining together to enter the booming prepaid card market with a low-fee card aimed at consumers who are disillusioned or excluded by the rising costs of banking services. The card named Bluebird will be positioned as an alternative to debit and checking accounts. … Continue reading

Prepaid Cards Skyrocketing in Popularity

Thanks to regulations and legislation on credit cards, banks are turning renewed attention to an old source of revenue: prepaid cards. Prepaid cards were once the black sheep of the card family, charging high interest rates and fees to consumers … Continue reading

Financial Tips For Students Going Off to College

It is almost time for high school graduates to go off to college, moving away home for the first time. As parents give last-minute lessons about independence, money management should be an important part of these discussions. It is critical … Continue reading

Consumer Cautions on Prepaid Cards

During the last three years, the banking industry has been hammered by bad loans, increased regulations and a recession. During this time, prepaid cards have been one of the few bright spots of revenue growth for banks and lenders. Consumers … Continue reading

Is There Really Magic in This Prepaid Card?

Another celebrity is entering the prepaid market: Magic Johnson. The NBA Hall of Famer is entering a partnership with OneWest Bank, FSB and introducing a reloadable prepaid MasterCard. The "Magic Card" targets people who don't have a traditional bank deposit … Continue reading