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News Library - March, 2001

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Debit Rewards March, 30, 2001

Incentives to use VISA and MasterCard debit cards are getting sweeter. U.S. Bank and Northwest Airlines launched a VISA Check Card this week that offers airmiles for purchases. Two years ago Chase Manhattan introduced the first co-branded debit card and the ... more

Patent Fight March, 29, 2001

The U.S. Patent office has made a real mess by granting patents for broad business methods. Although the credit card industry has been green mailed by many of these patents, particularly patents for reward and debit card processes, the problem is most acute ... more

Priceless Documents March, 27, 2001

A man using the code name "Cagliostro" was arrested last week by the F.B.I. for trying to sell confidential MasterCard documents to VISA. The New York catering company employee tried to sell VISA documents regarding a major alliance between Disney and ... more

Decision Time March, 23, 2001

There is growing evidence this month that more consumers are struggling with bill payments, especially credit card payments. Rising fuel prices for the family car and for heating a home may be the culprit. more

1040 Plastic March, 23, 2001

Americans may charge as much as $1 billion in federal taxes to their payment cards this year. Last season, Americans charged more than $536 million in federal taxes to personal MasterCards, American Express and Discover cards. more

Rate WindFall March, 20, 2001

While the stock market generally sucks this year, the credit card market is dropping like a rock with lower interest rates. The Feds dropped short term interest rates today by another half a point. more

Bankruptcy Option March, 19, 2001

The days of using personal bankruptcy as a personal financial planning tool are quickly coming to an end. With the Republicans in control, the U.S. Congress has rammed through legislation that will overhaul the bankruptcy laws which will make it more ... more

Bloody Credit March, 14, 2001

Credit used to be a dirty word in Europe, but not anymore! Brits are piling on credit card debt at a record pace thanks to the influx of U.S.-based issuers into the UK market. London-based Datamonitor reported last week that UK credit card debt grew 22% ... more

Future Banking March, 13, 2001

The bank of the future may carry milk, bread, and coffee as well as cash checks, issue payment cards and offer ATM services. The world's largest convenience store chain is introducing a web-enabled, integrated financial services kiosk that merges the ... more

Ruskie Hackers March, 12, 2001

Hackers from Russia and the Ukraine are penetrating credit card databases connected to e-commerce Web sites. The FBI's National Infrastructure Protection Center said last week that more than 40 businesses located in 20 states have been victims of organized ... more
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