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News Library - October, 2005

PIN or SIG? October, 13, 2005

A new study has determined that the use of a PIN to authorize debit card purchases is about 15 times more secure than signature debit card transactions. However, this has little direct impact on consumers since the major card networks stand behind signature ... more

Cost Shifting October, 12, 2005

A big battle is brewing between merchants and the payment card industry that may lead to higher costs and the loss of perks and rewards for consumers. Merchants say they are fed up with the rising fees they must pay to take credit cards and have headed to the ... more

Aug Debt October, 11, 2005

The $800 billion milestone for U.S. consumer revolving credit is fast approaching despite the siphoning off by refinancing and home equity loans. Revised figures released last week show that revolving consumer credit did not pass the $800 billion mark in June ... more

One Card October, 7, 2005

Given the negative personal savings rate for the U.S., another credit card company has come up with a way to encourage consumers to put something away for a rainy day. American Express has launched a credit card that generates cash rewards automatically swept ... more

Cards & Change October, 6, 2005

A unique program has been launched that rounds up debit card transactions and funnels the difference to a savings account. The new Bank of America "Keep the Change" option will automatically round up the purchase to the nearest whole dollar and transfer the ... more

Check-Out Pain October, 5, 2005

A new study shows that Americans are sick and tired of waiting in line at a checkout and are especially pained when someone pulls out a checkbook. The research revealed that using a debit card takes about one-third as much time as writing a check. more

Flexible GM Card October, 4, 2005

A new General Motors bank credit card will provide rewards that can be used on the purchase of any new vehicle regardless of the maker. The "GM Flexible Earnings Card" offers a full one percent on all credit card purchases, which are tripled if they are ... more

IN:LA CARD October, 3, 2005

American Express has launched its third city-centric credit card. The new "IN:LA Card" features the "INSIDE Rewards" program whereby cardholders earn one point for every dollar spent and double points on local purchases. more