Amazon tests using Hands As ID; Is it risky to automatically fill in your card information?

Amazon is testing the Whole Foods payment system that uses hands as an identifier

Amazon’s latest payment method uses flesh and blood. Engineers at the e-commerce giant quietly test scanners that can identify an individual human hand as a means of making an in-store purchase, with the aim of rolling them out in its Whole Foods supermarket chain in the coming months. Amazon office workers in New York serve as guinea pigs for biometric technology, using it in a handful of vending machines to purchase items such as sodas, crisps, granola bars, and phone chargers. [The New York Post]

Is letting Google Chrome auto-populate my credit card number a huge mistake?

Should I let my Chrome auto-fill my credit card number on websites? Is it safe? I decided to find out. A cybersecurity expert explained that despite the encryption on the back end, I am still in danger if my computer is accessed by someone who is not me (which can happen through malware or ‘be physically stolen). So letting Chrome store my payment information isn’t exactly the safest solution. [CNN Money]

Credit card companies take inspiration from start-ups to offer flexible payment plans

After credit card offer flexible payment plans for customers who want to spread the cost of expensive items or unforeseen expenses over several months. Card companies say options make it easier clients to borrow money and manage their monthly cash flow. New options are also a response to the rise of financial technology start-ups, who work with online retailers to offer shoppers fast approval of installment loans at the time of purchase. Amazon too offers some customers free monthly payment options, which he charges to the credit card registered with your account. [The New York Times]

Fewer women now pay their entire credit card balance

Consumers pay the full balance of their credit card less often and feeling less confident doing it in the future than at any time during the past year, based on a monthly credit card confidence survey by CompareCards.com. Women are the ones who have the most difficulties. For the first time around, women were more likely to say they had never paid their card complete statements once in the past six months rather than saying they have done it every month. Men were much more likely to say that they have always paid their bill in full. [CNBC]

Bay Area restaurateurs want to bill customers for the use of credit cards. But they are afraid

Kiraku is one of the first restaurants in the Bay Area to charge dinners a extra cost to pay with plastic. Banother restaurant the owners are anxious to follow Kiraku’s example. Like the costs of running a restaurant in the Bay Area continue to rise and profit margins remain low, owners are view credit card supplements as a potential way to save a lot of money, up to $ 100,000 per year, depending on the size of the restaurant. When a dinner pays with a credit card, the restaurant ends up paying a treatment fees which are generally between 2% and 4%, depending on the card. [San Francisco Chronicle]

Some students think credit cards are free money

A new investigation of incoming students found 1 in 10 thought credit card are free money. Read it again. Credit cards are free money, they believe. Female students are five times more likely to think she could be a better fund manager; 14% of students rather miss a credit card payment than a party. And finally, 35% of students rely on parents to help them pay their credit card bills. [Fox 5 Atlanta]

Visa chip cards cut counterfeit fraud by 87%

Visa announced that since their inception, smart cards have reduced the counter87% fraud. Smart cards are now accepted in more than 3.7 million traders, while in September 2015, this number was only 392,000. The number of active Visa chip number of cards is up significantly: from 159 million in September 2015 to 521 million in June of this year. In fact, 99% of all payment volume in the United States in June was made on EMV cards. [PYMNTS]

Many Americans would sacrifice having a family to avoid credit card debt

According to GOBankingRates survey, many Americans are willing to do big sacrifices to reach their financial goals, and that includes start a family. In fact, 11% of respondents said they were willing to donate have children, and 10% said they would sacrifice marriage if it meant never get into debt on a credit card. On the other hand, more than half of these respondents said they don’t want to give up any of these avoidable things credit card debt, which might help explain why some Americans are struggling to keep control of their finances. [Yahoo Finance]

Consumer Watchdog Agency Shows One Way To Improve Your Savings

Soft encouragement or financial incentives could lead to more people setting aside at least part of their tax refund for emergency savings, a new study suggests. Research shows that among taxpayers who used a prepaid H&R Block card to receive their 2017 refunds, those that have been sent messages about saving their refund were more likely to overwrite something far than those who have not received any communication. [CNBC]

How the real-time payments revolution is pushing Mastercard beyond cards

Just as 5G technology promises to accelerate and transform nature itself telecommunications, is there a similar revolution underway in the field of financial services. This is what prompted Mastercard to splash nearly $ 3.2 billion earlier this month to buy most business services activity of the European payment services company Nets, the largest acquisition in the history of the company. And that prompted the Federal Reserve to ask the the foundations of a new technological infrastructure that promises a considerably faster and more efficient way to trade. The financier system is now ready for an unprecedented wave of innovation that will change the way consumers and businesses interact. [Fortune]

Provided by LowCards.com


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About Linda Jennings

Linda Jennings

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