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News Library - February, 1998

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Fantasy Golf February, 27, 1998

MasterCard International and Fortune Brand's Cobra Golf have joined up to co-sponsor 'The 1998 Fantasy Golf Challenge'. The 'Golf Challenge' consists of ten contests, with each contest running for three to four weeks. more

Yahoo! Another VISA! February, 24, 1998

Internet search engine pioneer Yahoo! Inc. and First USA rolled out the 'Yahoo! Platinum VISA Card' yesterday offering consumers an online rewards program. First USA is offering a special 9.9% fixed APR and no-annual-fee for charter 'Yahoo! more

Web Card Battle February, 24, 1998

Yesterday's announcement of the 'Yahoo! VISA' drew fire from another competitor who recently launched an Internet card product. San Francisco-based Internet Access Financial Corporation says the new 'Yahoo!/First USA' card is a "mass marketed product" that ... more

Relaunched February, 20, 1998

Chase Manhattan relaunched the cobranded Bell Atlantic card yesterday by converting 70,000 Chase/NYNEX cardholders to the Bell Atlantic program. Bell Atlantic and NYNEX merged last year. more

Bankruptcy Reform Impact February, 18, 1998

Ernst & Young released a report yesterday showing one fourth of Chapter 7 bankruptcy filers have enough income to repay at least one-third of their debts, while 10% of filers could pay all their debts. EY researchers also found that, had the 'Bankruptcy ... more

UK Competition February, 17, 1998

Sun Banking Corporation, a subsidiary of Sun Life of Canada, announced today it will enter the credit card business in the UK. Sun will compete against the likes of Capital One, MBNA America, Household's Hamilton Direct, and Bank of Scotland's Capital Bank. more

More Than Coffee February, 11, 1998

A 7-Eleven store in Austin, Texas was the site yesterday for the introduction of 7-Eleven's 'Financial Service Center'. The new, self-serve technology cashes checks, sends money transfers and accepts cash or bank cards for purchases of items like money orders ... more

NextCard VISA February, 9, 1998

A San Francisco firm rolled out a new credit card Friday billed as the "First True Internet VISA". The 'NextCard VISA' offers instant credit approvals via the Internet and the company's proprietary online application process called "Rapid Results". more

VISA - USPS Promo February, 6, 1998

To showcase the largest U.S. retailer accepting payment cards, and to drive Visa usage, Visa U.S.A. is launching a promotion with the United States Postal Service (USPS) offering customers a free gift with purchase. During the month of February, every ... more

Platinum Rush February, 5, 1998

The number of platinum VISA and MasterCards is approaching 15 million nationwide representing a 1000% increase from eighteen months ago, according to the February issue of CardTrak. The platinum war has escalated to the point where at least one card issuer ... more
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