In the words of the infamous Dwight Schrute from The Office, “Identity theft is not a joke, millions of families suffer every year!” Unlike other times that Dwight got it so wrong, he wasn’t lying about the severity of identity theft. Cybercrimes are on the rise. According to the Identity Theft Research Center, the number of …
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Mastercard will start removing magnetic strips from its cards in 2024
Mastercard will start phasing out magnetic strips on its debit and credit cards in 2024, and it expects the process to be complete by 2033, according to a release from the company on Aug. 12. Mastercard says it will shift to biometric cards, combining fingerprint and chip technology to verify a cardholder’s identity. US banks will no longer be required …
Read More »PayPal lets users shop with cryptocurrency
PayPal introduced cryptocurrency to its platform last October, allowing users to buy, sell and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Starting Tuesday, those who own some crypto can use it to shop. Checkout with Crypto is the new payment option available for PayPal customers when shopping online. Users can select their cryptocurrency when checking out and they’ll see …
Read More »A slim wallet is how I learned to ditch cash
Last fall, I realized my decades-old wallet strategy was due for an update. Since I was a teenager, I’d been stuffing everything into a traditional folding wallet. But now I’ve made a dramatic change to the way I haul around money and cards, and I’m expecting even more radical changes to come. I felt no need for a new approach …
Read More »Apple’s iPhone MagSafe charger could ruin your credit card, passport or security badge
Your Apple iPhone 12 and its new MagSafe magnetic charger could bring some pain to your wallet. And no, we’re not talking about the phone’s $829 off-carrier price. In a new support document posted to its website last week, Apple told users they should always make sure to remove any wallet accessories from the back of their phones before using …
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