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News Library - 2006

What Women Want August, 17, 2006

When it comes to retail gift cards 70% of young females prefer clothing stores while more than half of young men prefer electronics stores. A new survey also discovered that nearly a third of teenagers are now purchasing gift cards at gift card malls. more

PayPass Expands August, 16, 2006

The first contactless small business credit card is being introduced next month. Advanta, a business card specialist, and MasterCard have teamed to roll-out the new "PayPass"-enabled "Advanta MasterCard Small Business." more

Card Sales August, 15, 2006

Americans are on track to rack up nearly $1.3 trillion in credit cad purchases this year in VISA and MasterCard. Adding in American Express and Discover could push the figure to more than $1.7 trillion. more

PEN not PIN August, 14, 2006

Americans shopping in the U.K. are getting tangled up with merchants refusing to accept their debit or credit card. Cardholders in the U.K. must now have a smart card and a PIN to make a purchase. more

MUM & CARDS August, 11, 2006

A new survey has found that 41% of moms have rewards credit cards, but 53% of this group have not redeemed their points. The research also found that 41% of moms say they are dissatisfied with their rewards card program and 34% say their credit card does not ... more

Sewing Card August, 9, 2006

The largest specialty retailer of fabrics and crafts has sewed up a deal to launch a cobranded "Platinum MasterCard." The new "Jo-Ann Platinum MasterCard" offers cardholders five points for every $1 spent at Jo-Ann and one point per $1 spent elsewhere. more

DreamCard August, 8, 2006

An innovative credit card launched two years ago has awarded $580,000 in prize money to-date. The "American DreamCard MasterCard" has a monthly sweepstakes jackpot that starts at $25,000. more

June Debt August, 7, 2006

Revolving consumer credit soared to a record of nearly $821 billion in June, the largest one-month gain in nearly two years. On an annual basis, revolving consumer credit, mostly credit card debt, is growing at a surprising 9.8% clip after a very sluggish ... more

Elder Debt August, 4, 2006

A new study suggests that gramps may have the credit card cramps. The report found that older consumers have been increasing their debt loads, including credit card debt, and filing bankruptcy in record numbers. more

Breathing Room August, 3, 2006

United Airlines and US Airways have introduced 90-day same-as-cash financing to give consumers some additional breathing room when purchasing tickets. United and Chase this week launched the "United Travel Card" for qualifying purchases over $199. more