Retail Group Appeals Swipe Fee Settlement
After a federal judge approved the $5.7 billion settlement over interchange fees between credit card companies and retailers, the National Retail Federation has filed an appeal, claiming that the...
View ArticleLowCards.com Weekly Credit Card Update–March 28, 2014
Why So Many Retail Stores Get Hacked for Credit Card Data When a big retailer gets hacked, it's often quick to note that it has complied with cybersecurity rules set by the credit card industry....
View ArticleWalmart Sues Visa for $5 Billion over Interchange Fees
Walmart is suing Visa for $5 billion over credit card swipe fees they believe the credit card processor illegally inflated. The complaint was filed with the U.S. District Court for the Western District...
View ArticleWalmart Partners with MasterCard for Store Branded Credit Cards
MasterCard will be the new payment network for Walmart’s store-branded credit cards, ending the nine year partnership between Discover and Walmart. MasterCard will also handle all the transactions on...
View ArticleLowCards.com Weekly Credit Card Update–May 23, 2014
Microchips in our Passports and Credit Cards: Are They Safe? U.S. passports have them. And these days, many more U.S. credit cards are starting to carry them, too. The tiny plastic chips embedded in...
View ArticleHospitals Concerned Over Costs of Virtual Credit Cards
Some health care plans allow users to pay through virtual credit cards, which protects the cardholder's information and prevents damage during a data breach. But many hospitals are now expressing...
View ArticleAmEx On Trial Over Credit Card Processing Fees
American Express went on trial yesterday with the U.S. government and 17 states claiming AmEx stifles competition from other credit card companies that charge lower processing fees. The case alleges...
View ArticleLowCards.com Weekly Credit Card Update–July 18, 2014
Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit and debit card swipe fees. Because Visa and MasterCard control 80% of the card market, they are able...
View ArticleLowCards.com Weekly Credit Card Update–August 8, 2014
Why You Have To Start Paying Down Your Credit Cards Right Now Federal Reserve meetings aren't high on most people's list of interesting things, but if you have a credit card and carry a balance, you...
View ArticleRestaurant Takes Credit Card Fees out of Server Tips to Battle Minimum Wage...
Minnesota recently raised its minimum wage to $8 an hour, which is $0.75 higher than the federal minimum wage. While this small increase has benefited employees, it has also led merchants to come up...
View ArticleQuikTrip Halts Debit Card Purchases of Lottery Tickets
If you use your debit card to pay for lottery tickets, you'll have to go somewhere other than QuikTrip. Beginning this week, the gas station chain is no longer accepting debit card payments in exchange...
View ArticleApple’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...
View ArticleLowCards.com Weekly Credit Card Update–October 17, 2014
Kmart Says its Store Registers Were Hacked, Exposing Credit Cards For about a month, Kmart says, its stores' checkout registers were "compromised by malicious software that stole customer credit and...
View Article10 Reasons Why Apple Pay is Far Superior to CurrentC
Apple Pay was introduced just 10 days ago, but one thing is becoming very apparent: Apple Pay is far superior to CurrentC, the planned payment system run by a multi-billion dollar consortium of...
View ArticleLowCards.com Weekly Credit Card Update–October 31, 2014
Some U.S. Retailers Shun Apple Pay, Eye Rival Payments System Some large U.S. retailers are refusing to use Apple Pay, Apple's new electronic payments service, as they commit to developing a rival...
View ArticleBusiness-to-Business Credit Card Volume Doubles in Two Years
Business credit cards went through a very difficult period during the economic downturn. Issuers cut back on the approval rates of these cards, some getting out of the segment altogether. Many...
View ArticleLowCards.com Weekly Credit Card Update–November 7, 2014
Here's How the New Chip and PIN Credit Cards Could be DOA A recent Gallup survey found that 69% of Americans worry "frequently" or "occasionally" about having a credit card compromised by computer...
View ArticleLowCards.com Weekly Credit Card Update–December 5, 2014
What Happens When You Swipe Your Card? This holiday shopping season, you might worry that every time you swipe your credit or debit card some criminal might be swiping your account number and with good...
View ArticleGoogle Adwords To Nix Credit Card Payments from Biggest Customers
Select Google Adwords users will no longer be able to pay their bills by credit card. Clients and advertising agents described as "Large Customer Sales" accounts will soon be switched to an invoicing...
View ArticleLowCards.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...
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