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News Library - May, 2005

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April Bankruptcy

April Bankruptcy

Americans filed a record number of bankruptcy petitions in April as the clock began to tick on new laws to take effect on October 17th. More than 170,000 filings were made during April, compared to 145,543 for April 2004. more
QSR Q1

QSR Q1

"Hold the pickles, hold the lettuce, credit cards don't upset us" - Americans charged $6.6 billion in quick service restaurants (QSR) during the first three months of this year, a 57% increase over the same year-ago period. Based on the current growth rate ... more
SkyPoints Card

SkyPoints Card

You can now land a big discount on a discount airline. A new credit card is taking off that enables consumers to purchase the lowest fare on any Delta flight and then apply a discount up to $375. more
Students and Plastic

Students and Plastic

The current crop of college undergraduates apparently has their credit act together. A new study, based on credit bureau data and a student survey, reveals that student credit card balances have declined more than 7%, and that the number of credit cards in ... more
Card Numbers

Card Numbers

There are now three general purpose payment cards for every man, woman, and child in the USA. As of March 31st, there were 901.3 million credit and debit cards in circulation carrying the VISA, MasterCard, American Express, or Discover brand. more
Minority Report

Minority Report

A new study reveals that African-American and Hispanic households are more likely to be in credit card debt than their white counterparts. The report shows that the percent of cardholders carrying a balance stood at 84% for African-Americans, 75% for ... more
Cheque Card

Cheque Card

American Express has launched a prepaid, reloadable card version of its popular paper-based "Travelers Cheques." The new "Travelers Cheque Card" is being pitted against bank-issued debit cards as a safer travel alternative since it is not linked to a bank ... more
Blink Cards

Blink Cards

The next generation of credit cards will be coming to your area soon. Chase is making the first national roll-out of contactless general purchase consumer payment cards. The new credit cards with the "blink" enhancement will be phased-in market-by-market in ... more
Allow Card

Allow Card

A new payment card has been introduced for children between 10 and 19 years old. The new "Allow Card" is a PIN-based stored value debit card and offers more than 35 parental controls. more
Phishers of Men

Phishers of Men

A global network of criminals trying to steal your identity represents a clear and present danger. A new survey has found that as many as 54 million Americans may have been the victims of ID-related fraud, now primarily driven by phishing expeditions. more
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