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2003:

News Library - 2003

South of the Border April, 3, 2003

Cardholders of the Discover card will soon be able to use their cards when travelling within Mexico. Discover, launched in 1985, is primarily a domestic card with acceptance at 4 million U.S merchants, and at some travel related merchants in Canada and the ... more

Rewarding Cards April, 2, 2003

American Express' new rewards charge cards have been rewarding for the issuer too. The new AmEx "Rewards Green" and "Rewards Gold" charge cards, along with the earlier introduction of the AmEx "Cash Rebate Card" have produced 500,000 new cards issued. more

DNC Fees April, 1, 2003

While consumers will have free access to the new national "do not call" registry, telemarketers will have to pony up. The Federal Trade Commission announced last week it intends require sellers to pay a $29 annual fee, per area code, for access to the ... more

Charging Fast Food March, 31, 2003

Americans charged more than $6 billion worth of fast food to their credit cards last year compared to $3.7 billion in 2001. Since 2000, fast food sales on credit card have more than tripled even though slightly less than 15% of quick service restaurants ... more

Card Delinquent March, 28, 2003

The number of adult delinquents has hit an all-time record. Credit card delinquency, based on the number of accounts 30+ days past due, hit a high of 4.07% in the final three months of 2002. more

Sears Sale March, 27, 2003

Sears is having the sale of the century and its not Craftsman tools, DieHard batteries, Kenmore appliances, or Lands End clothing. Sears is looking to sell its credit card business to raise cash to get back to what it does best, namely, sell stuff. more

Credit Card Top 10 March, 26, 2003

A few of the nation's top issuers changed ranks during 2002. Providian and Direct Merchants slipped as the entire sub-prime credit card business fell on hard times due to the weak economy. more

RBC Smart VISA March, 24, 2003

The first smart VISA card in Canada has been launched by RBC Royal Bank. RBC is upgrading its "Gold Avion VISA" to the English "Platinum Avion VISA" or the French "Platinum Voyages VISA", and adding microchips to both platinum cards. more

Bankruptcy Reform March, 21, 2003

It's deja vu all over again as the U.S. House of Representatives this week passed bankruptcy reform legislation for the seventh time. In a vote of 315-113 the House passed H.R. 975 late Wednesday. more

Debit Cards 2002 March, 20, 2003

VISA and MasterCard-branded debit cards generated nearly half a trillion dollars in activity last year in the USA, an 18% increase over the previous year. The number of VISA and MasterCard debit cards hit 174.9 million at the end of 2002, an 11% increase over ... more

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