The magnetic stripe is losing its relevance and effectiveness with Mastercard becoming the first payments network to phase it out. Since the early 1960s, when magnetic stripe cards were cutting-edge tech, credit card payment technology has changed dramatically. With the development of the EMV standard, chip cards started becoming the preferred way to pay. Today, EVM chips are used for a major part of transactions worldwide. And more than half of Americans opt for a chip card payment at a...
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Friday, Mar 13, 2020First-Ever Capital One Airport Lounge to Appear in 2021Capital One has recently shared the news about opening its airport lounge next year. Currently, there is only one card issuer that operates airport lounges – American Express. Amex offers its...
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Sunday, Jan 19, 2020Credit Card Payments Tend to Become More Secure in 2020Credit cards have now become an integral part of every American's life. TransUnion, one of the major credit bureaus, reports that there were more than 430 million credit card accounts in the U.S. at...
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Monday, Nov 18, 2019Caution! Black Friday 2019 AheadThere are only 2 weeks left until the best day for shopping, Black Friday 2019. Undoubtedly, this is the most anticipated sale of the year not only for deals hunters, but also for those who simply...
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Friday, Sep 20, 2019Contactless Payment: the U.S. Near Future or a Fleeting Fad?Modern technologies are developing so rapidly that sometimes it even gets scary. A few decades ago, no one could even think that they would pay in stores, gas stations, medical centers, etc. using a...
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Wednesday, Jul 24, 2019Citi to Put an End to Some BenefitsRecently it became known that Citi abolishes many of its consumer and travel benefits. The changes will affect all Citi travel credit cards as well as cash back credit cards and will take effect on...
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Thursday, May 30, 2019Priority Pass: Must-Have for International Frequent FlyersIn a nutshell Priority Pass is a program that offers access to airport VIP lounges all over the world. Nothing can be better than waiting for your flight relaxing in a comfortable closed lounge...
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Wednesday, Apr 3, 2019April to Be the Month for Managing Your Money
April is Recognized as National Financial Literacy Month in U.S. In 2003, the United States Congress put forward the idea of a financial literacy month. Since March 2004, when the U.S. Senate...
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Friday, Feb 8, 2019Major Credit Union Rolling Out Contactless Payments For Cardholders
Members of the country’s second-largest credit union will now be able to check out more quickly and easily using contactless payments. Paying for transactions with a simple tap of a contactless...
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Wednesday, Jan 16, 2019New No-Fee Citi Rewards + Card Increases Points-Earning Potential
The newest offering from Citibank gives customers a way to earn more points on the purchases they make every day, no matter how small. Citi’s new no-annual-fee credit card, Citi Rewards+,...
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Thursday, Dec 13, 2018New American Express Centurion Lounges Coming To London And North Carolina
Travelers coming through London’s Heathrow Airport and North Carolina’s Charlotte Douglas International Airport will soon be able to enjoy luxuries like complimentary snacks and drinks, quiet...
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Saturday, Nov 24, 2018Mobile Payments And Self-Checkouts Let Customers Skip Lines, Save Time
No one likes to wait in line. And thanks to new payment technology, customers at select 7-Eleven convenience stores across the country will no longer have to stand in line to pay for their magazines,...
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Friday, Oct 26, 2018Banks Make It Easier For Customers To Manage Funds Remotely
If you've ever wished you could do more to manage your credit cards from your phone or computer, rather than making phone calls to customer service, instant messaging with representatives, or sending...
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