All Posts Tagged Tag: ‘credit cards’

Amazon Has a Credit Card That Gives Prime Members 5% Cash Back

Did you know that Amazon has a credit card that gives Prime members an extra little something for every purchase? Probably not, as Amazon has not really advertised it or even put out a press release or anything. Re/code just spotted it last week. Amazon has offered its Amazon.com Store Card since March, but recently the company added an additional …

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Visa Credit Cards Launches “Visa Checkout” Mobile Pay Service

Have you ever gotten so frustrated by punching in your credit card number on a tiny mobile screen while shopping online that you just gave up and abandoned your electronic shopping cart? If so, Visa is attempting to make your life easier. Or at least make you buy more things. The service is called “Visa Checkout”, and it launched last …

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Walmart Sues Visa Over Credit Card Fees

Retail giant Walmart has filed suit against credit card giant Visa. The Arkansas firm is seeking $5 Billion from Visa for conspiring with banks to rig the fees that merchants pay for accepting Visa cards. According to AFP, Walmart alleges that Visa worked “to illegally fix the interchange fees and inflate the network fees that Walmart and other merchants pay …

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Best Credit Cards For General Use Ranked by Creditnet

Credit cards are an essential tool for building credit in the U.S. However, with so many different cards available with so many different features, finding just the right card can be daunting. To help consumers parse all the complicated offerings, Creditnet this week released its list of best credit cards for everyday use. The concept behind the list is that …

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Never Use Your Debit Card During Security Breach

In light of the recent security breach at Target and now Neiman Marcus (NM) the topic has been on a lot of people’s minds. Which card is better, debit or credit, when looking at extra protection needed during this crisis? An investigation by F.B.I., The Secret Service, the Justice Department and numerous others found that hackers stole the personal information …

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Neiman Marcus Confirms Data Breach

Upscale retailer Neiman Marcus is the latest chain to announce a data breach that may put its customers at risk for credit card fraud. According to Krebs on Security – the same site that broke news of the Target data breach back in December – Neiman Marcus confirmed that it is working with the US Secret Service to investigate a …

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Target Now Says 70 Million Customers Had Personal Info Stolen, Announces Store Closings

It turns out that the much-publicized data breach that Target announced last month is way bigger than previously revealed. Target announced in December that 40 million credit and debit card accounts had been impacted between November 27th and December 15th. Hackers reportedly gained access to card numbers, expiration dates and security codes. On Friday, Target announced that up to 70 …

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Target Corp Says PIN Numbers Have Been Stolen

It’s been a bad end of the year for Target Corp. and it seems that things just got worse. Yesterday the company announced that credit and debit card PIN numbers were stolen from customers, along with the actual account information that was breached earlier this month. However, store officials say they’re relying on Triple DES encryption backup and feel confident …

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Will Lawmakers Use The Target Hack To Give The FTC More Power?

Target, one of the nation’s largest retailers, suffered a major security breach over the holiday shopping season that affected millions of its in-store customers. In fact, it’s estimated that 40 million dedit and card card accounts were stolen. It’s already a given that Target will be paying for this breach of trust for years to come, but will it lead …

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Best Credit Cards Of The Year- Which One Is Right For You?

Credit cards, some people hate them and others swear by them. They can either help your credit or hurt your credit and come in handy during an emergency. If you are thinking about applying for your first credit card or a new credit card, you should make sure you are getting the best one possible. Here are the best credit …

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Square Has a New, Thinner Card Reader

Square has just unveiled a brand new credit card reader, one that they call their “best performing Square Reader ever.” The reader has not only improved in swiping functionality (it should be easier to swipe now), but the new Square Reader is 45% thinner than its predecessor. Post by Square. It really is a lot thinner… As always, you can …

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PayPal Makes It Easier To Pay With Prepaid Gift Cards

PayPal announced that it now supports prepaid gift cards in that consumers can use them anywhere that accepts PayPal. This is just in time for the holidays, when many people will be getting these cards as gifts. As PayPal explains, these gifts often come with a burden attached to them. “A lot of e-commerce sites can’t or won’t accept it …

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Google Wallet Now Lets You Add Credit/Debit Cards By Snapping Pictures

Earlier this week, Google unveiled the Google Wallet Card, a physical card that you can use to pay for things at stores using your Google Wallet account. Google has now updated its Google Wallet app for Android, adding another big feature. You can now add credit and debit cards to your account by taking pictures of them. “Add a credit/debit …

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Groupon Adds Credit Card Terminals To Payments Suite

Groupon announced on Wednesday that it is adding credit card terminals to its existing payments suite for local businesses. “This addition extends our popular payments service to the most common way that local businesses accept payments, making an affordable payments solution available to nearly all merchants,” a Groupon spokesperson tells WebProNews. “Most small businesses run on multiple devices — With …

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League of Legends American Express Cards Announced, Come With RP

League of Legends has quietly become one of the most popular games in the entire world. The MOBA has now gotten so big that mainstream credit card companies are looking to cash in on the phenomenon. American Express this week announced that it and Riot Games, the developer of League of Legends, have joined forces to introduce League of Legends-themed …

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The Angry Birds Visa Card Is Now A Reality

Back in November, news came out that Rovio had partnered with Kaiku on Angry Birds prepaid Visa cards. Today, Kaiku announced the launch of the cards, which come in four designs. The cards are available in: Red Bird, Yellow Bird, Bomb Bird and Bad Piggies – the basic designs you would want. “We’re excited to be working with Kaiku on …

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Google Expands AdWords Business Credit Again

Last month, Google announced the expansion of AdWords Business Credit, a credit card for AdWords. Today, the company announced that it is making it available to more businesses in the U.S. “While a variety of different businesses benefited from the card — from Kuru Footwear to Cascadia Tents — their reasons for using AdWords Business Credit were pretty consistent,” says …

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The Google AdWords Credit Card Expands

Last year, Google launched a pilot for AdWords Business Credit in the United States, giving small businesses an AdWords branded credit card. Now, Google is expanding the pilot into the UK, and says it will also send more invitations out in the States later this month. “Small business owners are used to being pressed: for resources, for time, and especially …

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Google Wallet Ditching Prepaid Card Option

For a while now, Google has been bribing people into installing Google Wallet on their smartphones, giving out a free $10 to some who activate the app. Now, it seems customers might want to go ahead and spend that money quickly. Google announced today that it will be ending the Google Prepaid Card within the Google Wallet app. The company …

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Mobile Payments Could Become the Primary Method of Doing Business by 2020

We reported earlier that cash and coins were being used and accepted less in Sweden. The shift to make cash money a thing of the past in the country has sparked controversy and impacted its people tremendously. Some people feel safer because crime has visibly decreased in the region while the rural elderly find it increasingly more difficult to make …

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Foursquare and American Express Launch Specials for Cardholders

Back in March, just before SXSW, Foursquare announced a partnership with American Express that would see card users getting discounts, by checking in at stores, restaurants, etc. They began testing in Austin, where those who linked their AmEx and Foursquare accounts could spend at least $5 at a local merchant, and get a $5 savings applied to their monthly statement. …

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Square Gets Visa Backing

Square has received a new investment from Visa, which is the largest credit card company in the world. While the exact amount of the investment is unknown, it’s rumored to be in the millions. Square COO Keith Rabbois told the Wall Street Journal that the company will continue to “explore collaborative partnerships that might make sense,” that the two companies’ …

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Foursquare Partners with American Express

Foursquare and American Express have entered into a partnership that will see card users getting discounts at stores, restaurants, etc. via Foursquare. WebProNews recently exchanged a few tweets with Foursquare CEO Dennis Crowley, following an article we posted questioning how Foursquare will continue to compete with Facebook and its Places service. You can see that exchange here. In a nutshell, …

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Square Eliminates Transaction Fee, Calls it a Revolution

Square, the mobile payments company co-founded by Twitter co-founder Jack Dorsey, just announced that it is removing a 15¢ transaction fee on credit card payments – a move that is sure to capture merchants’ attention. The company says:

Now when you swipe a card with Square there is just one fee: 2.75%. What you see is what you pay.

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Will You Be Paying Restaurant Checks with Google This Year?

Google may launch a mobile payments service as early as this year, according to a report from Bloomberg BusinessWeek. This would be based upon NFC (near field communication) technology, which lets mobile device exchange data at close ranges. 

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Major Mobile Carriers Teaming Up to Eliminate Credit Cards?

Will the mobile phone replace the credit card? It sounds a bit like science fiction, but it appears that mobile carriers are trying to make it a reality.

Bloomberg reports that AT&T, Verizon, and T-Mobile USA are "planning a venture to displace credit and debit cards with smartphones". The companies would work with Discover Financial Services and Barclays Plc to test a system starting in Atlanta and three other unnamed U.S. cities.

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PayPal Lets Apps Accept Credit Cards

PayPal has announced that it now accepts credit cards in apps. The company’s payments platform, PayPal X, now has a Guest Payments feature.

"With this new feature, developers will now be able to accept credit card payments without requiring customers to open up a PayPal account," a spokesperson for the company tells WebProNews.

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Are Credit Card Payments the Biggest Obstacle to Mobile Commerce?

Retrevo has provided us with some results from a recent survey looking at consumer behavior with regard to making purchases using mobile phones. Based on these findings, it appears credit cards may be getting in the way.

Key findings include:

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PayPal Announces Some Pricing Changes

Today, PayPal announced that it is making some changes to its user agreements and pricing. The changes are specifically related to refunds, chargebacks, and Amex payments.

PayPal senior director of SMB Merchant Services Eddie Davis outlines the following changes:

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Federal Reserve Launches Consumer Credit Card Site

The Federal Reserve has launched a new website aimed at helping consumers better understand the new credit card protections that will go into effect on February 22.

These rules ban a number of harmful practices and require more transparency in the disclosure of the terms and conditions of credit card accounts.

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