LowCards.com Weekly Credit Card Update–January 23, 2015
More Than 90% of Data Breaches Could Have Been Avoided Nine out of 10 data breaches that occurred in the first half of last year could have been avoided, according to a new report. The report, which...
View ArticleSupreme Court Denies Retailers’ Request for Lower Debit Card Fees
Last week, after a three-year court battle over debit card processing fees, the Supreme Court finally ruled in favor of the banks to keep the existing fees. The Federal Reserve already set a cap on...
View ArticleNew Mexico Bill Would Allow Credit Card Payments for Lottery Tickets
In an effort to boost ticket sales for New Mexico's struggling lottery, Democratic State Senator John Arthur Smith has proposed a bill to allow players to purchase tickets with their credit cards. At...
View ArticleLowCards.com Weekly Credit Card Update–February 20, 2015
In Challenge to Apple Pay, Samsung Buys Mobile Payment Company Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up to challenge Apple and its payment system on iPhones....
View ArticleEuropean Parliament Votes to Cap Credit Card Processing Fees
On Tuesday, the European Parliament voted in favor of a new bill that caps the processing fees retailers pay on debit and credit card transactions. The bill received overwhelming support, passing with...
View ArticleLowCards.com Weekly Credit Card Update–March 13, 2015
Why was your Credit Card Number Stolen? Retailers are Lazy If a shop wants to accept credit cards, it needs to abide by strict payment card industry (PCI) rules and pass a test. But a new Verizon...
View ArticleLowCards.com Weekly Credit Card Update–April 24, 2015
House Passes Cybersecurity Bill After Companies Fall Victim to Data Breaches Responding to a series of computer security breaches in government and the private sector, the House passed an expansive...
View ArticleAmEx Cannot Stop Merchants From Promoting Cheaper Cards
A federal judge has ordered American Express to adjust its merchant agreements which prohibit retailers from encouraging their customers to use credit cards with fewer transaction fees. The ruling by...
View ArticleLowCards.com Weekly Credit Card Update–May 8, 2015
Does Credit Card Debt Lead to Depression? Credit cards can carry more than high interest rates--they actually might increase your chances of depression. It's common sense that high levels of debt can...
View ArticleGoogle’s Android Pay will not Collect Card Transaction Fees
When Google finally launches Android Pay, its mobile phone payment service, it will not get a cut of the interchange fees on transactions. This is drastically different than Apple Pay. When Apple Pay...
View ArticleLowCards.com Weekly Credit Card Update–June 12, 2015
Hackers Go After Little Fish, Too, While Trawling for Credit Cards Hackers are going local in their efforts to steal credit card information from United States customers, hitting small businesses with...
View ArticleBank of America Simplifies AmEx OptBlue for Small Businesses
Bank of America Merchant Services is participating in AmEx OptBlue to give small businesses a simpler way to process American Express transactions. Bank of America Merchant Services is a payment...
View ArticleLowCards.com Weekly Credit Card Update–July 31, 2015
Could Mike Tyson Become The New Face For Bitcoin? Although bitcoin has taken some major steps toward mainstream adoption over the past year, the cryptocurrency's user base is still largely dominated by...
View ArticleMerchants Still Not Saving after Durbin Amendment
Nearly four years after the Durbin Amendment to the Dodd-Frank Act went into effect, the Federal Reserve Bank of Richmond has released a study assessing the impact the changes have had on merchants....
View ArticleLowCards.com Weekly Credit Card Update–August 28, 2015
Banks Offering Mobile Banking But Consumers Slow to Adapt Financial institutions are offering mobile banking faster than consumers are adapting to it, according to a recently published survey from the...
View ArticleLowCards.com Weekly Credit Card Update–October 2, 2015
Ready or Not, it's Credit Card Chip and Dip Time Thursday marks a milestone in the effort to shift the U.S. to the use of microchip-embedded credit cards, a more secure alternative to traditional cards...
View ArticleLowCards.com Weekly Credit Card Update–December 11, 2015
Costco Earnings Hurt by Credit Card Switch Costco's breakup with American Express is exposing a behind-the-scenes revenue source for retailers that promote co-branded cards: finders fees. After 16...
View ArticleAmEx Reinstates Policy That Prohibits Merchant Steering
American Express has officially reinstated its longstanding policy preventing merchants from steering customers to cheaper payment options. The credit card giant chose to do this after a federal...
View ArticleAldi Supermarkets Now Accepting Credit Cards
Aldi, the low-priced and no frills supermarket chain, will now accept credit cards, according to a corporate announcement made yesterday. Previously, Aldi stores only accepted debit cards and cash,...
View ArticleU.S. Merchants Payments Coalition Applauds Proposed Canadian Bill
The U.S. Merchants Payments Coalition has voiced its support for a Canadian bill that would change the way banks charge retailers fees for credit card transactions. This proposed legislation would set...
View Article