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News Library - January, 2006

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Cashless Society

Cashless Society

A new survey by ACNielsen has found that the USA and Portugal have the most cash-strapped consumers. About 22% of U.S. respondents said that once they have covered their essential living expenses, they have no money left over. more
Check-Out Fees

Check-Out Fees

A new study has determined that 62% of American adults would abandon their purchase if charged a check-out fee for using a debit or credit card. Eighty-two percent of those who reported being surcharged were charged check-out fees in the past year. more
Card Talk

Card Talk

Personalized gift cards have been taken to a new level with the introduction of the "Talking Gift Card." Now you can record your personalized message right on the card before delivering it to the recipient. more
Herb Card

Herb Card

Chase and Herbalife have teamed to offer a co-branded VISA card. The new "Herbalife VISA" offers two points for every dollar spent on Herbalife purchases and one point for every dollar spent on all other card purchases. more
Corny Cards

Corny Cards

Boston-based card manufacturer Arthur Blank has introduced a plastic card that uses corn, an annually renewable and domestically grown resource as an alternative to traditional petroleum-based plastic cards. "CornCard USA," manufactured from NatureWorks, is ... more
PayPal Rules

PayPal Rules

eBay reported that PayPal had 96.2 million total accounts at the end of the fourth quarter, a 51% increase from one-year ago. Total payment volume rose 45% to a record $8.1 billion which includes payments initiated through the PayPal system but excludes its ... more
SwipeLess Burgers

SwipeLess Burgers

Mickey Dees is expanding the availability of contactless payments in 12,000 U.S. locations. McDonald's USA is the latest national merchant partner to accept contactless "ExpressPay" from American Express. more
Home Improvement Card

Home Improvement Card

America's favorite bathroom magazine has teamed with the nation's largest credit card issuer to launch a home improvement credit card. The Reader's Digest Association and Chase have launched the "Chase Home Improvement Rewards" card. more
Tardy Pain

Tardy Pain

Late fees on credit cards increased nearly 6% during 2005 to more than $34 with $39 emerging as the most common fee. Over the past five years late payment fees have jumped by more than 27%. more
Bankruptcy Stampede

Bankruptcy Stampede

As expected, consumer bankruptcy filings hit a new record last year, rising nearly 32%, driven by the implementation of new bankruptcy laws. Over the past five years, a record 8.2 million Americans filed personal bankruptcy petitions. more
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