Payday Loans May Attract Attention from Hackers

Payday lenders are known for making fast, short-term, high-interest loans to consumers, even if those borrowers have bad credit. But the Payday lending industry has recently been making headlines as it has come under increased scrutiny from the Consumer Financial Protection Bureau. Payday lenders, particularly those that operate from online platforms, are...

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Does My Credit Card Work with Apple Pay?

Apple Pay uses near field communication systems, or NFC, to process payments without actual physical contact between the user’s card and a payment terminal. Instead, the smartphone app allows consumers to store their credit card information on their mobile device and complete transactions by hovering or tapping their phone over...

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Consumers Must Read Fine Print

The Consumer Financial Protection Bureau (CFPB) sent out letters last year warning some credit card companies to be careful when marketing promotional credit card offers. The notification specifically addresses offers for low-interest or zero-interest balance transfers and convenience checks that can be used to take out a cash advance. Although unrelated...

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Are Mobile Payment Apps Safe?

A recent study noted that almost half of the world’s credit card fraud takes place in the U.S., although we only account for a quarter of the global credit card volume. Many experts attribute this disparity to the fact that the U.S. has lagged behind the rest of the world...

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The Credit Card Dispute Process

What if I told you that one of the most valuable features of your credit card is one of the least?used features? Most credit cards offer Dispute Resolution services that are unparalleled by any form of payment, allowing cardholders to have the upper hand when a merchant refuses to do...

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