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...
It seems that there’s another credit card being issued every day, and the latest one from IBC Bank and First Bankcard is offering both business and consumer credit cards with a whole suite of rewards.
The Complete Rewards Visa Card and the Platinum Edition Visa Card, both offered to consumers, will give 1% cash back on all purchases. Rewards can be redeemed as cash, gift cards, travel credits, or merchandise – but if cardholders choose to redeem their rewards directly to an IBC Bank...
In a once in a decade event that will affect millions of customers, Chase bank has unveiled a brand new redesigned website at chase.com. This is the first time the site has been redesigned in over ten years.
The new site is faster, more personalized, and simpler for folks to use, including new features and a completely rehauled user interface. The redesign is being phased in slowly, but Chase’s 33 million customers will all be using the new site this year, as it rolls out in stages over...
The credit card industry has issued warnings that the passage of the credit card bill will mean that credit will no longer be available to some consumers.
Following a huge outcry from consumers, President Barack Obama and the congress have made a legislation that aims to correct certain practices of the credit card industry, which many consider to be deceitful and unfair. There is a high probability that the legislation will be placed on the President's desk by Tuesday next week. With...