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News Library - November, 2006

Gift Card Perks November, 30, 2006

American Express has jazzed-up its gift card program, now offering extras at 20 retailers, restaurants and other partners, such as a free dessert, two games of bowling for the price of one, or 5% to 20% off the purchase of merchandise. AmEx also added three ... more

Gift Cards November, 29, 2006

A new survey by the nation's largest processor has found that single-merchant gift cards are more heavily purchased with an average of 4.7 cards per purchaser. However, general purpose gift cards, averaging 2.6 cards per purchaser, are increasing in ... more

Black Friday November, 28, 2006

Retail spending on general purpose payment cards for "Black Friday," November 24th, rose 7.6% to $4.3 billion, compared to one-year ago. However, retail volume for payment cards cranked-up to more than $5.0 billion on Saturday. more

Holiday Sales November, 27, 2006

Debit cards will capture 26% of retail sales volume on payment cards between Thanksgiving Day and Christmas Day this year, compared to 23% last year, as credit cards continue to sputter in the USA. The busiest full week is expected to be between December 11th ... more

Holiday Myths November, 22, 2006

Contrary to popular belief, "Black Friday" does not even rank in the top five busiest holiday shopping days and "Cyber Monday" is only the ninth most active online shopping day in terms of transactions processed. Nevertheless, Americans are expected to charge ... more

Equity MasterCard November, 21, 2006

The infamous ditech.com has launched its own credit card. The new "ditech.com Equity Rewards MasterCard" credit card offers one point for every dollar in net retail purchases charged to the card. more

Xmas Spend November, 20, 2006

Americans will likely use general purpose credit/debit cards and store credit cards to charge nearly $135 billion in retail sales this holiday season. While overall spending via all payment means will rise between 5.0% and 7.5%, the figure for payments cards ... more

Free Homes November, 16, 2006

MasterCard is giving away two homes and has added a "Daily Instant Win Game" to its annual "A Home for the Holidays" sweepstakes. Each time U.S. cardholders use their MasterCard cards, thru December 31st for U.S.-based purchases, they will be automatically ... more

Upper Crust Rewards November, 15, 2006

The king of cards for the well-heeled has rolled-out the ultimate rewards program, offering everything from fine jewelry to grand pianos to a Lamborghini lease. The new American Express "First Collection" rewards is exclusive for its "Platinum" and ... more

Fastest Pay November, 14, 2006

Americans are tired of long check-out lines held up by people who insist on using cash or worse yet . . . check writers. VISA has launched what may be its best ad yet to communicate that payment cards are the fastest way to pay. more