CreditCards.com

Living with credit, New products, Rewards, Shopping

Happy birthday to the ATM and other things to know this week

Taylor Tompkins

This week’s (un)lucky number is:  $60 million

Now, this week’s number is only unlucky if you’re TransUnion. If you’re one of the consumers mistaken for a possible terrorist or drug dealer, you’re doing much better. TransUnion had to pay that $60 million to those customers after they filed a class-action lawsuit against the credit bureau. Read more about the case and these alleged terrorists and drug dealers here.

This week

These are the things to look forward to this week.

Insert your (birthday) card: On Tuesday, the ATM turns 50 and boy, has it aged well. Not only is it prettier and thinner, but smarter, too. What used to be a big, clunky, metal box is now a computer, some of which will be able to recognize your face soon. Let’s just hope it doesn’t scarf down all the candles on the cake like my $20 bills it ate up and conveniently “forgot” to deposit recently.


It’s not what you think: This isn’t some prank to get you to google something that’s NSFW. The newest type pf card fraud is legitimately called bluesnarfing. Despite having maybe the least intimidating yet most moronic name in the fraud game, this is a technique in which hackers can easily steal your card details using Bluetooth on a cellphone. If you’re snarfed, who should you call? (Hint: It’s neither GhostBusters nor your mom, but your card issuer.)

Pay with pride: No, there’s nothing wrong with your eyes, you are seeing rainbows everywhere. It’s Pride Month, hence the parades and demonstrations and rainbow-colored marketing. U.S. Bank threw its hat into the multi-color ring this month, releasing a debit card in support of Pride.  The company also put its money where its personalized card is, sponsoring the Human Rights Campaign. 

ICYMI

What you might have missed last week.

Prime market: As Amazon sets its sights on another procurement, we’re all still freaking out a little that they bought Whole Foods like we buy detergent.  There’s been some speculation that a Whole Foods credit card may be in store in light of Amazon’s credit card and new debit card offerings. I don’t know about you, but I could easily get in trouble charging my weekly Whole Foods salad bar run.

App-ealing: “If an app simply doesn’t work does it deserve even one star?” I won’t name names, but this is just one review of the many, many apps I slogged through to write about J.D. Power’s credit card app ranking. There are lot of angry customers out there, and the lower your bank is on the list, the more likely you are one of them.

Tangled in the web

Here are things from around the internet that the CreditCards.com staff are reading.

The Fed put banks on a treadmill and made them run, resulting in concerns about credit cards. -Wall Street Journal

Can you spot merchants $70 billion? No? Well that’s how much they are expected to lose in card-not-present fraud in the next five years. -CardNotPresent.com

Venmo and PayPal have been training, and they’re getting quicker. -TechCrunch

Reach out to us

For this and more birthday wishes to inanimate payment systems sent directly to your inbox each week, subscribe to our email newsletter.

Our experts aren’t an engulfing internet giant, but they can still be intimating. Sneak me your questions and I will pass them along to some of our experts. I can be reached at taylor.tompkins@creditcards.com or at @taylor_paige13 on Twitter. I promise I won’t tell them who asked.

And while you’re reading my tweets about being betrayed by email newsletters and comic book movie hot takes, follow us at @CreditCardsCom. We even made this easy little button for you.


And if you’re in the market for hot takes and on Facebook during most of your free time, check us out there, too. (Yes, there’s an easy button for that as well.)

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, we ask that you do not disclose confidential or personal information such as your bank account numbers, social security numbers, etc. Keep in mind that anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.