Ruth Bader Ginsburg Paved the Way for Women to Get Credit Cards
If you are a woman who holds a credit card, you owe it in large part to the efforts of Ruth Bader Ginsburg. In Reed v. Reed, the landmark 1971 case highlighted in the 2018 film “On The Basis Of Sex”, Ginsburg co-wrote a brief arguing that a provision of Idaho state law which said men were to be preferred to women in appointing the administrators of an estate violated the Constitution. The court agreed, finding unanimously that dissimilar treatment, “on the basis of sex,” between men and women was unconstitutional. [NextAdvisor]
Ginsburg helped pave the way for women to be approved for credit cards
Here’s Who Qualifies for Chase Sapphire Preferred’s New Massive, Limited-Time 80,000-Point Welcome Bonus
Chase just released its highest ever welcome bonus: eligible new Chase Sapphire Preferred Card applicants can earn 80,000 bonus points after spending $4,000 on purchases in the first three months from account opening. This massive new bonus is worth up to $1,000 when you redeem points for travel through Chase Ultimate Rewards. [CNBC]
Capital One Venture Welcome Bonus Soars To 100,000 Miles
Starting Sept. 22 new applicants for the Capital One Venture Rewards Credit Card have a shot at earning a welcome bonus of up to 100,000 Venture miles, which is double the previous amount. New cardholders can earn 100,000 bonus miles after spending $20,000 on purchases within the first 12 months of account opening, or they can still earn 50,000 miles if they spend $3,000 on purchases within the first 3 months of account opening. [Forbes]
Apple Ends Its Credit Card Partnership With Barclays
Apple and Barclays’ credit card partnership was on borrowed time from the moment Apple teamed up with Goldman Sachs
Widespread Data Breach Affects Millions Who Donated to Charity
I’ve been getting letter after letter from various charities I support, telling me my personal information may have been exposed in a breach. The charities weren’t breached; rather, it was Blackbaud, the company that handles the donations for many non-profits and medical institutions. The cybercriminals who compromised Blackbaud’s computer system had access to personal data, some of it unencrypted, belonging to those who contributed to hundreds of organizations. [KOMO News]
No One’s Splitting the Bill, But Venmo Is Surging
The Covid-19 crisis shifted a large portion of American retail online virtually overnight, but the gradual post-pandemic reopening has led to an interesting second shift: Online payment companies have started moving offline. Last month, CVS Pharmacy announced plans to add PayPal and Venmo QR code payments in its 8,200 stores during the fourth quarter, taking a mobile-first brand right into the checkout line. The national retailer, which will be the first to accept PayPal and Venmo, said its goal with the multiyear deal was to keep consumers safe and encourage them to adopt touch-free payment. [Marker]
Why Hasn’t Apple Pay Replicated Alipay’s Success?
Apple Pay and Alipay have radically changed the way people transact, offering secure, contactless payment options through mobile phones. Though both platforms are growing, Alipay is outperforming its U.S. peer: As of late 2019, Bain & Company found that only 9% of American consumers had adopted Apple Pay while 81% of Chinese consumers used Alipay. Given the size difference between the two countries, the difference between the number of Alipay users in China and Apple Pay users in the U.S. is staggeringly large. What are some of the factors driving this stark contrast? [The Harvard Business Review]
Secret Documents Reveal Potential Dark Side of Prepaid Debit Cards
The collapse of Choice Bank, an obscure entity in Belize, went largely unnoticed in 2018. But Americans were among the uninsured depositors filing claims in its failure, totaling $100 million. Some said they were startled to learn that their money was trapped in a small bank in Central America. They thought they were doing business with a U.S.-based company called Payoneer. [NBC News]
Mastercard Expanding Digital First Card Program
Mastercard is expanding its Digital First Card program in North America by partnering with several payment processors to provide consumers with end-to-end payments options at scale. By enabling processors with the technology, the consumer is able to apply online and receive near instant issuance and access to card information; make online, in-app or point-of-sale purchases almost immediately; get quick access to card information such as expiration date and CVC2 but eliminating the need for it to be displayed on a card. [Mobile Payments Today]
Binance Visa Cards Are Now Being Offered in Europe with Up to 8% Cashback
Binance, the world’s largest cryptocurrency exchange, will be offering Visa Cards in Europe. They will allow users to earn up to 8% cashback. The card will allow people to use their digital assets in their Binance accounts to spend and transact at over 60 million locations across the globe, wherever Visa cards are accepted. Cardholders will be able to link their Binance Card virtually with Google Pay and Samsung Pay. [CrowdFund Insider]
Is Cryptocurrency the Future of Online Gaming?
Various industries are benefiting from the convenience of cryptocurrency, and one of those industries is online gaming. As per a report by the Wax, around 75% of online game players want to exchange their virtual assets for a currency that they could use to buy and sell on other platforms. Cryptocurrencies enable players to collect and trade in virtual assets, which they can exchange and trade across anywhere in the world. [The Daily Gazette]
1Password Brings Virtual Burner Credit Cards to Your Browser
1Password announced a new partnership with Privacy.com that gives 1Password users the option to use virtual credit cards to protect themselves from fraud. After signing up and enabling the feature in the 1Password X Chrome extension, users will receive a prompt each time they try to make an online credit card purchase asking if they’d like to use a virtual card instead. [Gizmodo]