Some wishes are practical, like an infusion of cash to help a 17-year-old entrepreneur grow her candle business and save for college. Others are more emotional, such as a wish someone makes for her “very hardworking best friends” to be able to give their two-year-old an “amazing” Christmas. Each of these wishes, and many more,… Continue reading Capital One Wish For Others Launches
Tag: prepaid card
Las Vegas Casinos Accept Prepaid Cards
Not everyone believes the use of prepaid cards in Vegas is a benefit to consumers. In his popular blog VitalVegas.com, Scott Roeben writes that the casinos are the big winners. “Let’s say it like it is. This is a way for casinos to get their hands on more of our cash, plain and simple.” If ATM fees are such a concern, he writes, then casinos should just lower them.
Target Speeds Move to EMV Cards
In testimony before the Senate Judiciary Committee, Target Chief Financial Officer, John Mulligan, said that one of the company’s responses to the massive data breach that impacted tens of millions of its customers in late 2013 would be to equip all 1,800 of its U.S. stores with card readers able to process EMV card transactions by the beginning of 2015.
Prepaid Card Popularity Continues To Rise
The meteoric rise in prepaid card popularity is continuing. According to a recent statement by Fitch Ratings, a Chicago-based rating agency, the use of prepaid cards is also likely to continue well into the future, fueled by changing consumer behaviors and banking industry dynamics that have made debit cards less appealing. Fitch says the combined… Continue reading Prepaid Card Popularity Continues To Rise
For Prepaid Cards, Choose EMV Chip Cards, A Smart Card All Around
By Curtis Arnold Besides the thieves themselves, the main culprit to emerge from the recent heist of personal information from over 100 million Target and Neiman Marcus shoppers isn’t human at all. Rather, the unlikely villain is a decades old piece of technology known simply as the magstripe, or magnetic stripe, that graces the backs… Continue reading For Prepaid Cards, Choose EMV Chip Cards, A Smart Card All Around
U.S. Credit Card Security Outdated
Because around 80 countries have already embraced smart card technology, the more vulnerable U.S. has become the favorite target of identity thieves. Given that smart cards provide such superior security, the question is why the U.S. hasn’t embraced their use. According to O’Brien’s story, there has been no political pressure to force businesses and financial institutions to make the switch. Importantly, an upgrade to smart cards would be expensive.