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News Library - February, 1997

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Postage Stamps via Cirrus ATMs

MasterCard International announced it will begin upgrading the range of products and services offered through its MasterCard/Cirrus ATM Network. The first stage will begin in the second quarter when MasterCard will enable U.S. members to offer postage stamps ... more

Consumer Debt Issue

The Consumer Federation of America's study indicating American's are sinking in debt has drawn criticism from VISA and others. VISA said yesterday credit card debt accounts for only 3.7% of total consumer debt and that household debt as a percentage of total ... more

Canadians Expect to Run Lower Card Balances

An Ernst & Young study released Wednesday shows 91% of Canadians who carry credit card balances expect to carry no balance or a lower balance over the next year. The figure is up from 88% in April of last year. more

No Surcharge ATM Alliance in California Grows

The nation's largest credit union EFT network and at least six other California institutions formed a 'No-Surcharge ATM Alliance' yesterday. CU Cooperative Systems Inc. and Union Bank, Coast Federal, Glendale Federal, Sanwa Bank, Sumitomo and Bay View Federal ... more

Proposed Washington State ATM Surcharge Legislation

Calling big national banks' new practice of charging non-customers hefty ATM fees a clear ploy to force consumers to switch banks, credit union presidents, independent bank and thrift officials Tuesday asked state lawmakers to put a temporary reprieve on the ... more

MasterCard - Concentric Network SET Alliance

Concentric Network Corporation and MasterCard announced an agreement Tuesday to provide cardholders with 'Internet Access Kits' that includes pre-installed SET software. The kit includes the latest edition of 'Netscape Navigator' pre-loaded with SET-compliant ... more

MasterCard Destinations - France

Further bolstering its position as a leader in the travel and entertainment market, MasterCard International today announced an exclusive alliance with Maison de la France, the French Government Tourist Office to promote travel and tourism in that country. ... more

City National Online

City National Bank has announced that it has gone onto the Internet with the addition of a Web site at http://www.cityntl.com . Visitors to the Web site may obtain information about City National from a number of areas. A Products and Services page features ... more

VISA and AmEx Cardholers Most Loyal

J.D. Powers '1996 Cardholder Brand Image Analysis' reveals 83% of American Express cardholders and 82% of VISA cardholders feel their card is a card that people can feel loyal toward. For MasterCard the figure was 74% and for Discover/Novus it was 38%. more

VISA Adds Support for Easy Pay

VISA U.S.A. released a video and a brochure to assist dental professionals and healthcare providers with promoting automated 'Easy Pay' VISA payment options to patients. The new tools will be added to VISA's current 'Practice Management Kit'. more
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