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News Library - September, 1998

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Xmas Gift

If the Feds move to cut rates this morning, for the first time in two and one-half years, it will impact credit card rates just ahead of the holiday shopping season. Of the nation's $438 billion bank credit card outstandings, nearly $300 billion is tied ... more

Farm Aid Card

KY-based UniDial Communications has turned the 'Farm Aid' membership card into a limited edition, five-minute, prepaid calling card featuring artwork by Vermont artist Katharine Montstream. The collectible cards will be available at all the stadium vendors ... more

Sony Citibank Card

CitiBank and Sony have forged an alliance to offer a co-branded credit card called the “official currency of playtime” (www.sony.com/sonycard) - that enables consumers to earn points toward the purchase of a broad array of Sony merchandise and entertainment. ... more

TrueValue Promotion

VISA U.S.A. and TruServ Corp. have launched a promotion that rewards cardholders with a 25% discount on 'True Value' paint. The promotion, which runs through October, is part of a one year marketing alliance signed earlier this month. more

Cards Online

More than 3.7 million consumers have applied for a credit card online according to a new report by Cyber Dialogue and Booz-Allen & Hamilton. The study, 'CyberCitizen Finance', found that 4.6 million consumers have already applied for at least one loan product ... more

Multi-Function Card

First USA and CyberMark announced Thursday they will jointly issue the first publicly-available credit card in the U.S. to also feature smart-card technology. The 'Florida State University MasterCard' will make it possible for school alumni, faculty and ... more

FeelGoodFridays

Morgan Stanley Dean Witter & Co. announced Monday in New York City that, starting this week, the 'Discover Card' will sponsor a 'FeelGood Fridays' promotion. Every time cardholders use their 'Discover Card' for purchases on Fridays from September 18th to ... more

Money Talks

With school underway across the nation this week MasterCard, VISA and National Foundation for Consumer Credit announced education initiatives. MasterCard International, in partnership with College Parents of America, launched a multi-faceted education program ... more

Read Me A Story

VISA U.S.A. has partnered for a third year with the 'Reading Is Fundamental' children's literacy organization. VISA will continue to sponsor the "Read Me a Story," national program by guaranteeing RIF a $300,000 minimum contribution, based on VISA card volume ... more

Ask The Expert

Next Thursday the National Foundation for Consumer Credit and USA Today will host a second, annual, "Ask-the-Expert" telephone call-in in conjunction with the NFCC's annual conference in Miami. During the day-long "Ask-the-Expert" session, NFCC-member ... more
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