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Credit cards are hiking rates, but cutting fees
Although credit card interest rates are rising, all the news about plastics is not bad. Indeed, some credit card fees disappear, including transaction fees abroad. In 2015, 77 out of 100 cards charged these fees from 3% to 5% each time you used a card to buy something outside of the United States, but only 52 cards still charge these fees today. However, credit card interest rates rose sharply last year from an average of 16.15% to an average of 17.01% and 15.2% in 2016. [CBS News]
As credit card rates rise, some issuers reduce certain fees (Getty)
Nearly half of cyber attacks target small businesses
A new study analyzing threats to cyber security in the United States found that 43% of online attacks targeted small businesses and that number is expected to increase in the coming years. The study found that the most important threats to small businesses were macro-type malware, online banking malware and ransomware. [LowCards.com]
Wells Fargo customers are fed up. They could withdraw billions of dollars in deposits
Wells Fargo's 30% of Wells Fargo customers, who are among the best performing in the industry, risk dumping the scandalous bank. The report, based on an online survey of 4,000 Americans, predicts that Wells Fargo could lose $ 93 billion in deposits in the next year, or about 7 percent of the bank's total deposits. The main criticism of customers is that their bank has been engaged in "dishonest, unethical or illegal practices" and that Wells Fargo is trying to sell them products they do not want or want to sell. Do not need. [CNN]
Shoppers Love Rewards credit cards. Retailers hate them.
Major merchants, including Amazon, Target and Home Depot, claim the right to reject certain rewarded credit cards, which typically generate higher fees for merchants. Retailers are trying to end the "honor all cards" rule of card networks, which requires merchants who accept Visa or Mastercard brand credit cards to take them all. If merchants could choose from Visa or Mastercard credit cards, those with the highest processing fees – and the most generous rewards – would likely be down. [The Wall Street Journal]
You might forget this reason to pay with credit cards
With regard to small purchases, more and more Americans prefer to pay in cash. For purchases under $ 10, about 45% choose cash, 30% use debit cards and 23% use credit cards. Only when purchases increase (about $ 25) is it called a "tipping point" where consumers are more willing to pay with plastic. Most cited the inconvenience of using credit cards to not use them more for small purchases. But if you do not use credit cards for these purchases, you risk leaving rewards or points on the table. [CNBC]
77% of mobile payments among debtor users use Apple Pay
A new study found that 77% of mobile wallet transactions use Apple Pay. Samsung Pay accounted for 17% of mobile debit card wallet transactions, and Google Pay accounted for only 6%. The study also found that Samsung Pay users were the most engaged, averaging 7.3 transactions per month, compared to 5.5 transactions per month for Apple Pay and Google Pay users. Samsung Pay works with NFC card readers, as well as with traditional magnetic stripe card readers that many merchants still use. Apple Pay and Google Pay only work with NFC card readers. [Credit Union Times]
How the Venmo Debit Card Can Save PayPal
Venmo is the mobile application that turned personal finance into a social platform. Acquired by the Braintree ecommerce company for $ 26.2 million in 2012, then through PayPal for $ 800 million a year later, Venmo has become one of the most popular mobile applications for payments "from person to nobody "among the millennial generation in the United States. More than two-thirds (68%) of users aged 20 to 30 using payment applications use Venmo, compared to 22% using mobile applications from their own bank. [Investopedia]
Child benefits in a new form: debit cards related to parents' phones
No need to worry about finding money for the allowance of a child. Parents can now choose from a menu of expanding prepaid debit cards, designed to give them digital surveillance of their children's spending and saving habits. Digital tools are designed to solve an increasingly common problem: parents do not always have money in their pockets. Thus, they can be caught off guard when a child needs money for an outing with friends, to refuel in his car or to perform a chore. With an app, parents can put money on a child's debit card by touching their phone a few times. [The New York Times]
Mastercard Adds New Hotel Benefits to Elite Card Holders
New benefits are coming for Mastercard holders with medium and premium credit cards. Starting this week, World and World Elite cardholders will be able to benefit from a new, lowest price guarantee and the lowest fare offered by the service, offering travelers an extra layer of protection. for any booked trip. [Skift]
When is my credit card declared to credit bureaus?
There are many ways to give your credit score a boost, whether it's paying off your debts or paying your bills on time, but it's possible that your credit score does not reflect good behavior before Three major credit reporting agencies – Equifax, Experian and TransUnion – update your credit report. Here is an overview of when your credit data is reported and why it might be important. [US News & World Report]
Data breach protection: 6 tips for small businesses
Small businesses are increasingly experiencing the effects of a data breach. The results range from customer compromise or customer data to third-party control over the entire business. Protecting your data not only protects you from financial liability, but also damages your reputation. Here are six steps your small business can take to get away from liability under state data security laws and to protect your business and its customers. [Cincinnati Business Courier]
Supplied by LowCards.com
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Credit cards are hiking rates, but cutting fees
Although credit card interest rates are rising, all the news about plastics is not bad. Indeed, some credit card fees disappear, including transaction fees abroad. In 2015, 77 out of 100 cards charged these fees from 3% to 5% each time you used a card to buy something outside of the United States, but only 52 cards still charge these fees today. However, credit card interest rates rose sharply last year from an average of 16.15% to an average of 17.01% and 15.2% in 2016. [CBS News]
As credit card rates rise, some issuers reduce certain fees (Getty)
Nearly half of cyber attacks target small businesses
A new study analyzing threats to cyber security in the United States found that 43% of online attacks targeted small businesses and that number is expected to increase in the coming years. The study found that the most important threats to small businesses were macro-type malware, online banking malware and ransomware. [LowCards.com]
Wells Fargo customers are fed up. They could withdraw billions of dollars in deposits
Wells Fargo's 30% of Wells Fargo customers, who are among the best performing in the industry, risk dumping the scandalous bank. The report, based on an online survey of 4,000 Americans, predicts that Wells Fargo could lose $ 93 billion in deposits in the next year, or about 7 percent of the bank's total deposits. The main criticism of customers is that their bank has been engaged in "dishonest, unethical or illegal practices" and that Wells Fargo is trying to sell them products they do not want or want to sell. Do not need. [CNN]
Shoppers Love Rewards credit cards. Retailers hate them.
Major merchants, including Amazon, Target and Home Depot, claim the right to reject certain rewarded credit cards, which typically generate higher fees for merchants. Retailers are trying to end the "honor all cards" rule of card networks, which requires merchants who accept Visa or Mastercard brand credit cards to take them all. If merchants could choose from Visa or Mastercard credit cards, those with the highest processing fees – and the most generous rewards – would likely be down. [The Wall Street Journal]
You might forget this reason to pay with credit cards
With regard to small purchases, more and more Americans prefer to pay in cash. For purchases under $ 10, about 45% choose cash, 30% use debit cards and 23% use credit cards. Only when purchases increase (about $ 25) is it called a "tipping point" where consumers are more willing to pay with plastic. Most cited the inconvenience of using credit cards to not use them more for small purchases. But if you do not use credit cards for these purchases, you risk leaving rewards or points on the table. [CNBC]
77% of mobile payments among debtor users use Apple Pay
A new study found that 77% of mobile wallet transactions use Apple Pay. Samsung Pay accounted for 17% of mobile debit card wallet transactions, and Google Pay accounted for only 6%. The study also found that Samsung Pay users were the most engaged, averaging 7.3 transactions per month, compared to 5.5 transactions per month for Apple Pay and Google Pay users. Samsung Pay works with NFC card readers, as well as with traditional magnetic stripe card readers that many merchants still use. Apple Pay and Google Pay only work with NFC card readers. [Credit Union Times]
How the Venmo Debit Card Can Save PayPal
Venmo is the mobile application that turned personal finance into a social platform. Acquired by the Braintree ecommerce company for $ 26.2 million in 2012, then through PayPal for $ 800 million a year later, Venmo has become one of the most popular mobile applications for payments "from person to nobody "among the millennial generation in the United States. More than two-thirds (68%) of users aged 20 to 30 using payment applications use Venmo, compared to 22% using mobile applications from their own bank. [Investopedia]
Child benefits in a new form: debit cards related to parents' phones
No need to worry about finding money for the allowance of a child. Parents can now choose from a menu of expanding prepaid debit cards, designed to give them digital surveillance of their children's spending and saving habits. Digital tools are designed to solve an increasingly common problem: parents do not always have money in their pockets. Thus, they can be caught off guard when a child needs money for an outing with friends, to refuel in his car or to perform a chore. With an app, parents can put money on a child's debit card by touching their phone a few times. [The New York Times]
Mastercard Adds New Hotel Benefits to Elite Card Holders
New benefits are coming for Mastercard holders with medium and premium credit cards. Starting this week, World and World Elite cardholders will be able to benefit from a new, lowest price guarantee and the lowest fare offered by the service, offering travelers an extra layer of protection. for any booked trip. [Skift]
When is my credit card declared to credit bureaus?
There are many ways to give your credit score a boost, whether it's paying off your debts or paying your bills on time, but it's possible that your credit score does not reflect good behavior before Three major credit reporting agencies – Equifax, Experian and TransUnion – update your credit report. Here is an overview of when your credit data is reported and why it might be important. [US News & World Report]
Data breach protection: 6 tips for small businesses
Small businesses are increasingly experiencing the effects of a data breach. The results range from customer compromise or customer data to third-party control over the entire business. Protecting your data not only protects you from financial liability, but also damages your reputation. Here are six steps your small business can take to get away from liability under state data security laws and to protect your business and its customers. [Cincinnati Business Courier]
Supplied by LowCards.com
