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2003:

News Library - 2003

Debit Card Changes May, 6, 2003

Kiss debit card incentives goodbye and start remembering your PINs! In a stunning, last minute deal, VISA and MasterCard agreed to settle with retailers a lawsuit over their debit card practices. more

Unlock the Magic May, 2, 2003

VISA and Disney kicked off their new partnership this week with the launch of the "Unlock the Magic" sweepstakes. More than one hundred grand prizewinners and seven of their guests will win a four-day/three-night Walt Disney World vacation, featuring an ... more

Reward Options May, 1, 2003

As the popularity of earning free air travel from credit cards wanes, major credit card issuers are launching new options for rewards cards. This week, American Express introduced the "Your Reward" program and Capital One added more redemption options to its ... more

Debit Suit April, 30, 2003

In a stunning move this week, and shortly before the start of the trial for the Wal-Mart debit card antitrust lawsuit against VISA and MasterCard, U.S. District Judge John Gleeson announced that a settlement had been reached between MasterCard and the merchant ... more

A-Plus Rewards April, 29, 2003

AirTran Airways has upgraded its "A-Plus Rewards" loyalty program and is hitting mailboxes this month for its new "AirTran A-Plus Platinum VISA." The revamped frequent traveler program now offers "Elite" status to customers flying ten roundtrips in 90 days or ... more

Debit Transactions April, 28, 2003

Last year Americans purchased $180 billion of stuff using a PIN with a debit card at retailers nationwide. By contrast, U.S. consumers made $318 billion in purchases during 2002 using a VISA or MasterCard-branded debit card without a PIN. more

Big 3 Profits April, 24, 2003

The nation's three largest credit card issuers posted $1.4 billion in profits during the first three months of this year, a 19% jump over same period in 2002. Citibank, MBNA, and Bank One now control 40% of the U.S. bank credit card market, based on ... more

Deadbeat's Revenge April, 23, 2003

Losses in the sub-prime credit card market are continuing to set new records. A decade ago it was very difficult for consumers with no credit history, or a bad credit history, to qualify for an unsecured credit card. more

Call for Action April, 22, 2003

Victims of personal identity theft now have a new shoulder to lean on when it comes to putting their financial life back together. VISA and Call For Action have teamed to provide victims of identity theft with free, confidential counseling as well as ... more

MyPoints MasterCard April, 21, 2003

Citibank and MyPoints.com have teamed to launch a new co-branded, rewards MasterCard. The new "Citi MyPoints Rewards Platinum Select MasterCard" will be marketed to ten million members of MyPoints "True Opt-in" database. more

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