Amazon Launches Mobile Credit Card Reader

Amazon has taken big steps to expand its business in 2014, releasing both a mobile wallet and a smartphone. Now the company is making another significant move by offering a mobile credit card reader for offline purchases. Amazon's mobile credit … Continue reading

Lock Your Debit Card With This Smartphone App

Ever wish you could just "turn off" your debit cards when you aren't using them? Then you wouldn't have to worry about someone spending money from your account. Thanks to an app from Malauzai Software, you could lock your bank … Continue reading

Scan Credit Card into iOS 8 Safari Using Your iPhone Camera

Apple has made some major improvements to iOS 8 over the last few months, and one of them is a new ability to take pictures of your credit card to use in Safari. Instead of entering your card information manually, … Continue reading

CFPB Requests Information on Mobile Financial Services

The Consumer Financial Protection Bureau is inquiring about mobile financial services in an effort to create better security on mobile banking platforms and to reach out to unbanked consumers. According to the CFPB, 74,000 customers a day used mobile banking … Continue reading

LowCards.com Weekly Credit Card Update–June 6, 2014

Debt Collectors Have Figured Out a Way to Seize Your Wages and SavingsPeople with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it appears the industry has found far … 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

New App Lets Chicago Drivers Pay Parking Meter with Credit Card

Drivers in Chicago may soon have a new way to pay at the parking meter. Thanks to the free ParkChicago app, these drivers can use their mobile phones to pay for their parking spaces by credit card. The app is … Continue reading

Global Payments Teams up with MasterPass

The international payment processing provider Global Payments Inc. is now working with MasterPass for digital payments. The company believes that this partnership could take their services to an entirely new level, allowing them to make their way into online sales. "Online … 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

Mobile Payments Make Their Way to Myanmar

Myanmar is the poorest country in Southeast Asia, and less than 15% of the population owns a mobile phone of any kind. In a remote area like this, having cash readily available for transactions can be difficult at best. Myanmar … Continue reading

LowCards.com Weekly Credit Card Update–June 6, 2013

Data Breaches Cost Consumers Billions of Dollars A new report from Javelin Strategy and Research concludes that a single massive data breach can result in “billions of dollars” in consumer fraud losses. A record number of breaches took place in 2012, … Continue reading

Smartphones Now Capable of Stealing Credit Card Data

If you were worried about your credit card information before, you might be weary to know about new smartphone apps that can steal your data with a simple swipe. In a matter of seconds, someone can come up to you … 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

Mobile Banking Continues to Increase

More consumers are turning to their phones to take care of their banking needs according to the latest data from the Federal Reserve. The study, entitled Consumers and Mobile Financial Services and done in late November, showed that 28% of mobile … Continue reading

LowCards.com Weekly Credit Card Update – February 1, 2013

Secrets of Mobile Success: Cost-Cutting Banks Seek Smartphone Customers Strapped for new revenue and pressed into waves of cost cuts, the country's largest banks are trying to keep the customers they have, woo the ones they don't and do it … 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

Holiday Spending Statistics

Holiday shoppers are frantically running around, picking up last-minute gifts for their friends and family. Consumers spend a great deal of money trying to meet the needs of their loved ones. To see how much we spend, take a look … Continue reading

Smartphone Payments Inevitable but Consumers Are Somewhat Reluctant

Over six in ten Americans believe smartphone payments will eventually replace both payment card (66 percent) and cash (61 percent) transactions for a majority of purchases, according to a new poll by Harris Interactive. However, they don't believe it will … Continue reading

Strong Cyber Monday Sales Expected

An estimated 129.2 million shoppers say they will head to retailers' websites today, up from 122.8 million who shopped last year, according to a Shop.org survey. This follows record levels of online spending over the Black Friday weekend. Special promotions will … Continue reading

Major Expansion for Visa’s Digital Wallet

Visa has significantly expanded its reach into the digital payment industry. Visa's digital wallet service, V.me, is adding more than 50 financial institutions, including PNC, U.S. Bank, BBVA/Compass and BB&T. This increases Visa's potential base of cardholders to 55 million. … Continue reading

LowCards.com 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

Tablet & Smartphones to Play Big Role in Holiday Shopping

Tablets and smartphones will be a very big part in this year's holiday shopping experience for both consumers and retailers. A recent Holiday Spending Survey by the National Retail Federation  showed that consumers will use these devices for a variety … Continue reading