Top 5 Cards For Bad Credit With No Deposit

Do you have bad credit? Then you know it is very hard to qualify for a credit card that is not a secured card which requires a deposit. But at the same time, being approved for a credit card is … Continue reading

Proposed Rule Limits Fees on Student Federal Aid Cards

The U.S. Department of Education is stepping in to prevent colleges from pushing students into receiving federal aid on costly prepaid debit cards. The Office of Postsecondary Education issued a notice of proposed rulemaking that could cost colleges millions of … Continue reading

Visa Clear Sets Standards for Consumer-Friendly Prepaid Cards

Visa has created a new program is designed to eliminate the confusing, and often costly, fees associated with most prepaid debit cards. Known as the Visa Clear Prepaid Program, this system creates a stringent set of standards that prepaid cards … Continue reading

J.G. Wentworth to Enter Prepaid Card Market

The J.G. Wentworth Company, a structured settlement payments firm, has announced it will be partnering with FIS and MetaBank to establish a new prepaid debit card for its customers. FIS will act as the processor for the prepaid card, with … Continue reading

Millennials Turn to Prepaid Cards for Budgeting

Millennials are looking to new ways to keep to their budget and avoid debt. According to a new survey from TD Bank, this generation is more likely to give themselves an allowance or hide cash to avoid overspending. In addition, … Continue reading

Best Bad Credit Cards Of 2015

Having a troubled credit history does not mean that you are unable to get a credit card. In fact, having a credit card, and using it responsibly, is an important way to begin the process or rebuilding your credit. Thankfully, … Continue reading

Green Dot Chooses MasterCard as Transaction Processor

Popular prepaid card issuer Green Dot has announced it will be using MasterCard as its exclusive transaction processor by the second half of 2016. MasterCard will back all of the company's products, including bank debit cards. Green Dot selected MasterCard as … Continue reading

Prepaid ‘Release Cards’ Given to Prisoners Charge High Fees

Recently released inmates are being financially penalized due to a loophole in the rules that exempts prison prepaid cards from standard debit card regulations. This takes away from the already limited amount of money former prisoners receive from family contributions … Continue reading

U.S. Money Card Launches Mobile App for Prepaid Services

Consumers who like the U.S. Money Prepaid Card now have a new way to manage their money, thanks to the launch of U.S. Money Prepaid Mobile last week. The app allows users to review their account histories, transfer money from card … Continue reading

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

Walmart Exec: New Credit Card Design Won't Solve Fraud There's been some hope that improved credit card technology might finally lead to greater security and a reduction of credit card fraud. One idea has been credit cards with embedded chips, … Continue reading

Bento for Business Launches Prepaid Commercial MasterCard

Small business financial provider Bento for Business has launched a new commercial prepaid card, giving business owners an easier way to allow employees to make purchases for the company. The prepaid card is backed by MasterCard. Some small businesses do … 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

Prepaid Card Group Asks CFPB to Restructure Broad Card Restrictions

The Network Branded Prepaid Card Association (NBPCA) has asked the Consumer Financial Protection Bureau (CFPB) to reconsider its final ruling over new laws that could harm the prepaid card industry. The Association believes the Bureau's broad restrictions on prepaid cards … Continue reading

Visa ReadyLink Now Reloadable at Walmart

Visa ReadyLink users now have a new and convenient way to add funds to their accounts. Point-of-sale provider InComm announced last week that the company has integrated Visa ReadyLink technology into Walmart's Rapid Reload network, allowing users to deposit funds to … Continue reading

Santander Enters Prepaid Card Market

Santander, a bank known for its subprime lending opportunities, is taking on a new role in the financial world. The Spanish banking giant is branching out in Brazil by taking over 50% of Super, a digital service provider offering online … Continue reading

T-Mobile Offers Tax Filing Bonus for Prepaid Card Customers

T-Mobile recently announced a new opportunity for prepaid cardholders to earn money by depositing their tax refunds onto their T-Mobile Visa Prepaid Cards. T-Mobile CEO John Legere made the announcement on his Twitter page to encourage cardholders to put extra … Continue reading

College Credit Card Agreements Decline As More Debit Card Deals Emerge

The Consumer Federal Protection Bureau recently reported a nearly 70% decline in college credit card agreements since Congress established regulations for disclosures in 2009. Educational institutions are now forced to be completely transparent when offering credit cards to students, and it seems … Continue reading

LowCards.com Weekly Credit Card Update–December 19, 2014

Apple Pay Grows to Support 90% of U.S. Credit Cards Apple Pay has been adding support for more credit cards in the United States since the service launched. By transaction volume, the service now supports 90% of the credit cards … 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

CFPB Proposes Stronger Consumer Protections on Prepaid Cards

The Consumer Financial Protection Bureau announced today that it will propose much stronger protections on prepaid cards. The CFPB proposal would require prepaid companies provide easy and free access to account information, work with consumers to resolve errors, and to … Continue reading

Circle App Allows Bitcoin Purchase with Prepaid Visa Card

Circle is an app that some analysts believe has the potential to bring Bitcoins into the mainstream financial world, especially now that Circle allows users to buy Bitcoins with Visa prepaid cards. Bitcoin users have been raving about Circle since … Continue reading

Fraudsters Target Unbanked with Prepaid Card Scam

There is a new form of money fraud, and this time, crooks are using MoneyPaks to get the job done. The thieves are using creative tricks to obtain the 14-digit code off the back of MoneyPak cards and then stealing … Continue reading

Prepaid Card Users More Likely to Adopt Mobile Payments

A new study shows prepaid card users are more likely to adopt mobile payments in America. The study from Packaged Facts, "Prepaid and Gift Cards in the U.S., 4th Edition," indicates a growing need for developers to enhance their mobile platforms … 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

CFPB Now Accepting Complaints on Prepaid Cards and Gift Cards

The Consumer Financial Protection Bureau is now accepting complaints about gift cards, prepaid cards, benefit cards and general purpose reloadable cards. The bureau has also begun accepting complaints about other non-banked products, like credit repair services and title loans. Companies … Continue reading

LowCards.com Weekly Credit Card Update–June 20, 2014

Suze Orman's Approved Prepaid Debit Cards are Quietly Discontinued Suze Orman is quietly getting out of the payments business. Starting July 1, Ms. Orman's Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work, according to … Continue reading

Substantial Increase in Credit Card Use During Last 12 Months

Credit card use has taken a significant jump in the past year, according to new research from First Data Corp. From May 2013 to May 2014, credit card usage increased 4.9%. During that same time, PIN debit card jumped by … Continue reading

Visa To Set Standards for Prepaid Cards

Visa is planning to create a designation for its prepaid debit cards that meet "consumer friendly standards." The goal is to assist consumers in picking the right prepaid card for their needs. Currently, there are no rules about how prepaid cards must disclose their … Continue reading

The Ultimate Guide To The Best Credit Cards Of 2014

If you are interested getting a credit card, you’ll want to have all of the facts before you make a critical decision. Getting a credit card is a big step for most consumers, and too many people make that choice … 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

Western Union and NetSpend to Team up on Prepaid Card

NetSpend has a long history in the prepaid card industry, and it will soon have another card to add to its portfolio. The new co-branded prepaid card will be the result of a partnership with worldwide money processor, Western Union. NetSpend … Continue reading

$200 Billion Spent on Prepaid Cards in 2014

Prepaid cards saw a big spike after the economy took a downturn a few years ago, and now we are starting to see the effects of that spike. By the end of 2014, the total money spent on prepaid cards … Continue reading

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

LowCards.com 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

LowCards.com 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

LowCards.com 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