This Week In Credit Card News: Subprime Card Market Heats Up; Could We See Mobile Banking Fees?

Silicon Valley Lender Raises Nearly $50 Million for Subprime Credit Card Push LendUp, the startup online lender that has attempted to reinvent the payday loan, is plotting to take on a more mainstream financial product: the credit card. By raising $47.5 million in an equity deal, it plans to roll read more.

This Week In Credit Card News: Major Hotel Chains Hacked; Do Card Companies Prey On Millennials?

Major Hotel Chains Hacked, Credit Card Details Stolen If you stayed at a major hotel chain in recent months, you might want to check your credit card statement. HEI Hotels & Resorts, which operates a slew of popular hotels-including Starwood, Marriott, Hyatt, and others-says that 20 of its read more.

This Week In Credit Card News: Self-Checkout Increases Theft; Oracle’s Point-Of Sale Systems Hacked

Does Self-Checkout Make Customer Want To Steal? As it turns out, the self-checkout line has a big drawback. It seems to be passively encouraging shoppers to steal. A recent study concludes that consumers going through self-checkout lanes create about 4% loss—about doubling the rate of read more.

This Week In Credit Card News: Concerning Increase in Credit Card Debt; Are Chip Cards Very Secure?

New Security Flaw in Credit Card Chip System Revealed The chip on our credit cards has been praised for making them nearly impossible to counterfeit. While the cards also contain a magnetic strip, that strip is supposed to tell the payment machine to use the chip. But there’s a relatively read more.

This Week In Credit Card News: DNC Emails Contain Card Numbers; Card Info Still Confusing Consumers

WikiLeaks’ DNC Email Trove Includes Social Security Numbers, Credit Card Info WikiLeaks posted 19,252 searchable emails, including 8,034 attachments, from inside the Democratic National Committee. WikiLeaks says the emails are from the accounts of seven top DNC officials between January read more.