Given the popularity of video among high school/college students, I will start featuring informative and short videos that are timely too. Videos also serve as a great way for students to get familiar with financial product “lingo.” This week the videos below deal with the right time to give kids a credit card, Apple Pay and technology changes coming to address security shortcomings with credit cards.
- Checking and credit cards for teens (WAVY.com, 4.5 minutes)
Your teenager may think they’re responsible enough for a checking account, or perhaps a credit or debit card too, but is it a good idea? Lewis Smith from BayPort Credit Union discussed how to help your teenager get a smart start with money management, and shared some of his personal experiences.
- Pitfalls of getting credit card for a child (CBS, 1.25 minutes)
But a question that will almost always come up when shopping and spending money with a teenager is this: What is the right age or time for a student to get their first credit card?
- What is safer? Apple Pay or credit cards? (Denver 7 News, 2.5 minutes):
Apple Pay has a chance at changing the mobile payments game completely. And experts in business and marketing are weighing in on Apple’s strategy.
- How to protect your credit cards from being hacked (Fox Business, 3 minutes):
Chief Enterprise Risk Officer at Visa Inc Ellen Richey explains the latest methods to stopping credit card hackers.
- Why the US was slower to adopt new secure credit cards (CNBC, 2 minutes)
High-profile security breaches at Target and Home Depot have caused U.S. banks and credit card companies to adopt long-awaited EMV technology. CNBC’s Kayla Tausche reports.
- Credit/Debit cards aimed at college students can carry high fees (WRAL.com, 2 minutes):
Consumers Union found some college-logo credit cards have low-cost options, but students need to be careful, or risk hundreds of dollars a year in usage fees.