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News Library - 2006

ESPN VISA December, 21, 2006

The new "ESPN Total Access Rewards VISA" has added more than 50,000 new card accounts with balances exceeding $100 million since its launch. Washington Mutual and ESPN introduced the card in mid-September with a high-profile media event in New York City, ... more

Chase Freedom December, 20, 2006

Chase Card Services has launched the first fully interactive television campaign for a financial institution that features long-form video. Chase is using the technology to promote its "Chase Freedom" card product to 12 million DISH Network satellite TV ... more

PayPass Phones December, 18, 2006

A three to six month pilot of "Near Field Communication"-enabled mobile phones with "PayPass" is getting underway in New York City. Citigroup, MasterCard, Cingular Wireless and Nokia have teamed for the project. more

X-Day December, 15, 2006

December 23rd will likely be the busiest shopping day of the 2006 holiday season followed closely by December 22nd. Consumers were late getting to the shopping malls and online retailers in November, but VISA USA anticipates that the strongest shopping days ... more

Loss Trends December, 14, 2006

Charge-offs for managed outstandings edged up again in November by 10 basis points after a rocky year following the implementation of new bankruptcy rules last fall. The charge-off ratio has oscillated much of this year but seems to be on an upward trend as ... more

Teen Spirit December, 13, 2006

A new survey has found that even though teens account for only three percent of online sales right now, they can be very influential on overall household buying. JupiterResearch found that one in four teens say their parents always take into account their ... more

Bonus Bites December, 12, 2006

T.G.I. Friday's restaurants are offering "Bonus Bites" for its gift card purchasers as competition ramps up in the retailer gift card market. Last week Uno Chicago Grill announced a similar program offering a 20% discount to gift card purchasers. more

Oct Debt December, 11, 2006

Consumer credit declined 60 basis points in October, the sharpest decline in more than 14 years. However, revolving consumer credit soared to a record of more than $863 billion in October. more

Bankruptcy Pulse December, 8, 2006

Total bankruptcy filings jumped by 9.8% in the third quarter compared to the prior quarter, but, remain well below year ago levels. During the third quarter total filings hit 171,146 compared to 155,833 for the second quarter and 542,002 one-year ago. more

Sub Card December, 7, 2006

The world's largest submarine sandwich franchise has introduced its first reloadable cash card at more than 21,000 restaurants in the U.S. and Canada. The new "SUBWAY Cash Card" follows SUBWAY's decision last year to ditch its paper "stamp" loyalty card for a ... more