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2002:

News Library - 2002

Touch Payments May, 1, 2002

Instead of letting your "fingers do the shopping" let "your fingers do the paying." Starting today, a Seattle supermarket will enable customers to make purchases in the store from their existing financial accounts with a simple touch of a finger at the ... more

Freddie Awards April, 30, 2002

The annual reward awards were handed out last week to some fairly consistent winners. Diners Club Rewards won the "Best Frequent Traveler Affinity Charge/Credit Card Program" (Americas) for the fifth consecutive year and Starwood Preferred Guest was voted ... more

Delinquency Soars April, 29, 2002

The shakeout from the recession is still being felt by credit card issuers as delinquency and charge-offs reach record levels. Card delinquency in March hit the highest level in nearly five years and charge-offs are running at rates not seen since the ... more

Ultimate Card April, 24, 2002

The ultimate "high-roller" credit card now carries a bigger price tag but more perks. American Express this month jacked up the annual fee on its prestigious Centurion or "Black" card from $1,000 to $2,500. more

Coin Week April, 23, 2002

Americans have more than $10 billion of loose change sitting in cookie jars, sock drawers, piggy banks, and under seat cushions. The company that brings you the mean green coin machines in supermarkets across the country says it collected more coins last year ... more

Visa Debit April, 22, 2002

VISA is now processing more Check Card transactions than credit card transactions. In fact, VISA Check Cards now represent 35.3% of VISA's total U.S. card volume, compared to 17% just five years ago. more

Latte Cards April, 19, 2002

Stored value cards are quickly taking hold in the gourmet coffee market. Seattle's Best Coffee announced this week the national introduction of the "Seattle's Best Card" and kicked off the program by handing out 10,000 cards in the greater Seattle area. more

Cashless Cokes April, 17, 2002

Linking up credit cards to vending machines is now spreading to hotels. The new Gaylord Palms Resort & Convention Center in Orlando, Florida enables guests to use their hotel room key-card to purchase beverages from any of the beverage vending machines ... more

Score Power April, 16, 2002

Before the end of this year Americans will be able to access a credit score simulator that enables them to explore "what if" scenarios online and learn how certain habits and behaviors could affect their credit score over time. This new interactive feature ... more

Smart Cards April, 15, 2002

Smart credit cards in the USA are approaching 20 million as the migration to new payment card technology is underway. Although smart credit cards make up only 3.5% of the 578 million bank credit cards now in circulation, the momentum is picking up. more

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