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News Library - July, 1998

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Shout! Card

MCI introduced a customized prepaid card Thursday geared toward families, especially children. The 'MCI PrePaid Shout! Calling Card' offers two key features: speed-dial and an anti-theft system. more

Spree Card

Sprint announced Thursday that its 'Spree' prepaid 'Foncard' will now available in all Kmart and Food Lion stores. The additional retail outlets increase 'Spree's' presence in the marketplace by more than 3,200 stores, bringing the total to nearly 35,000 ... more

Husky - BankBoston Card Link

Northeastern University has teamed with BankBoston and Diebold to link financial services to Northeastern's "Husky Card." By linking both organizations' carding processes, students can use their campus ID cards to perform banking transactions and purchase ... more

Smart Card Keys

More than 6,000 cardholders participating in a pilot of smart card versions of the 'American Express Corporate Card', 'Hilton Optima Card' and the 'Hilton HHonors Worldwide Diamond VIP Card' will be able to use their cards to access hotel rooms this fall. The ... more

NextCard Upgrades

The pioneering 'NextCard', a/k/a the 'First True Internet VISA', launched a two major program upgrades Monday. Cardholders now have the option of upgrading to 'NextCard Rewards' and to the 'Platinum Card'. more

Platinum Divdend Miles

NationsBank and US Airways also upgraded their airline carrier-based, co-branded program yesterday to 'Platinum'. The 'Dividend Miles Visa Platinum Card' now offers cardholders a 20% monthly mileage dividend or 1.2 air miles for each dollar spent in ... more

Sub-Prime Failure

The Colorado State Bank Commissioner closed sub-prime VISA credit card issuer BestBank Thursday and appointed the FDIC as receiver. According to the Bank Commissioner, BestBank, based in Boulder, CO, was critically undercapitalized. more

Debit Card Woes

The recent explosion of POS debit cards, especially VISA and MasterCard branded off-line debit cards, is creating a bookkeeping nightmare for some consumers and product confusion for others. The findings come from recent studies conducted by BAIGlobal which ... more

L.L. Bean Card Renews

MBNA and ME-based L.L. Bean extended the contract for the 'L.L. Bean VISA' credit card. The long-term agreement also provides for a number of new enhancements to the program, a lower fixed interest rate of 15.99%, and the continuation of several popular ... more

Quarterback VISA

MBNA and the NFL Quarterback Club announced Wednesday the launch of the 'NFL Quarterback Club VISA' credit card program. The new program is an enhancement to MBNA's NFL VISA credit card program, which began in the fall of 1995 and now has more than 1.2 ... more
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