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News Library - March, 2006

Rate Pain March, 30, 2006

Interest rates charged on variable rate credit cards are set to climb another 16 basis points within the next 45 days after the Federal Reserve this week raised its target for the federal funds rate to 4.75%. The action prompted many banks to raise the prime ... more

Loyalty Cards March, 29, 2006

A new study has found that 51% of men 50+ and women 35-49 who have loyalty cards prefer a discount as opposed to accumulating points. The grocery study also showed that 42% of Hispanic consumers prefer to accumulate points for a larger reward or payoff, ... more

iTunes Rewards March, 28, 2006

The largest card-based rewards program is now offering point redemptions for Apple "iTunes." The music download service is one of several new options in the 2006 American Express "Membership Rewards" program. more

Dining Cards March, 27, 2006

A recent survey found that 35% of consumers reported giving restaurant gift cards over the past holiday season and about 43% received them. Technomic said it found that nearly 70% of gift-card givers say they were a better choice than regular gifts; among ... more

Debit Cards March, 23, 2006

Growth in signature debit card volume in the U.S. continued to rebound in 2005, increasing 20% to $823.5 billion. Growth in the number of cards-in-force also picked up last year, growing about 16% to 265.4 million cards. more

Speedy Speedpass March, 22, 2006

ExxonMobil has introduced "Instant Activation" for its "Speedpass" contactless payment system. Consumers can now open and use their "Speedpass" account within two minutes via a hand-held computer. more

Lesbian Card March, 21, 2006

The largest lesbian lifestyle company in the world now has its own affinity credit card. The new "Olivia Credit Card" offers one point for every $1 in net retail purchases. Points are redeemable for "Olivia Dollars," which can be used to buy down the value ... more

Form Factors March, 17, 2006

VISA took contactless card payments in the U.S. to a smaller level this week with the introduction of the "Contactless Mini Card." The new card brings together the emerging technology of tap and go payment with a more convenient card size. more

Uniform Scores March, 14, 2006

Equifax, Experian and TransUnion have introduced a credit scoring methodology that is more uniform across the three consumer credit reporting databases. The "Big 3" say the new approach is the direct result of market demand for a more consistent and objective ... more

Triple Alert March, 10, 2006

For only $4.95 per month, the new "Triple Alert" service will monitor your credit reports from all three national credit reporting companies. Provided by Experian Consumer Direct, it is by far the most inexpensive credit monitoring company today. more