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News Library - 1997 CardTrak.com News Feed

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Not So Merry Christmas December, 24, 1997

Based on checkwriting, which represents about one-third of all retail spending, shoppers continue to hold back and remain value conscious. For the 24 shopping days of the 27-day holiday shopping period American consumers are spending about 50 basis points ... more

Saturation or Maturation December, 23, 1997

Unless the card industry posts an usually strong fourth quarter 1997 will go down as a very sluggish year. Between Jan 1 and Sept 30 receivables have grown a mere 2.8%, the number of gross accounts is only up 60 basis points and the number of cards-in- force ... more

One Million Served December, 22, 1997

Mark Clavin of Castleton, NY became the one millionth customer of Mobil Corporation's 'Speedpass' program. 'Speedpass' enables customers to drive up, fill up, and automatically charge their fuel purchases to a designated credit card, without opening their ... more

Faults & Cures December, 21, 1997

VISA's touring golf instructional program, 'Faults & Cures', announced Friday it will add eleven new cities to the tour next year and will add a program for female golfers. VISA will also expand the stay in some major cities for up to three weeks. more

Flawed Analysis December, 17, 1997

The Consumer Federation of America accused the banking industry of "irresponsible" credit card lending that has strapped an estimated 60 million American households with credit card debt exceeding $7,000 on average. To make its case the CFA cited card issuers ... more

StampsOnline December, 17, 1997

The U.S. Postal Service launched a two-week test yesterday of a virtual post office. During the pilot, 2,300 pre-selected customers will be able to purchase a limited selection of stamps and stamp products on the World Wide Web via credit cards. more

Snow Sport Express December, 10, 1997

Selling ski lift tickets via ATMs has been so successful for Wells Fargo that it is expanding the service to 550 ATMs in Northern California this week. Wells Fargo introduced the 'Snow Sport Express' service last year at 50 ATMs. more

New Rewards Card December, 9, 1997

Cobranded reward cards are alive as discount apparel retailer Loehmann's and First USA rolled out a new 'Platinum VISA' Monday. The 'Loehmann's Insider Club Platinum Visa' offers cardholders a 3% rebate on all Loehmann purchases and 1% rebate on all other ... more

Electrifying MasterCard December, 4, 1997

While several U.S. electric/gas utility firms are mulling cobranding relationships with credit card issuers, DE-based Delmarva Power & Light Company became the first one out- of-the- chute yesterday. MBNA and Delmarva rolled out the 'Conectiv MasterCard' ... more

VISA & Holiday Inn Promotion December, 4, 1997

Holiday Hospitality has teamed up with Visa for its Holiday Inn Second Night Free winter promotion. More than 1,000 Holiday Inn and Holiday Inn Express hotels in the United States and Canada are participating in the promotion which will run through Feb. 9, ... more
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