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News Library - December, 2007

Platinum Gifts December, 7, 2007

American Express is offering to help its "Platinum" cardholders to find one-of-a-kind holiday gifts that have the "Wow!" factor. How about commissioning one of America's most respected artists to create a personal masterpiece or having a custom flavor of ice ... more

Custom Cards December, 6, 2007

Gift card personalization on-the-fly has gone to the corporate level. Now commercial firms can purchase and design a prepaid VISA debit/gift card with their company logos. The new service comes from Dallas-based startup Card Lab. more

Holiday Spirit December, 6, 2007

American consumers will shell-out an average of $900 of their hard earned money for holiday gifts this year. Almost half of shoppers plan to spend between $100 and $500 this holiday season and more than a quarter intend to spend from $500 to $1,000. more

Recession Anyone? December, 5, 2007

Economic barometers are pointing towards a recession next year in the wake of high gasoline prices, low housing prices, a crumbling dollar, plummeting consumer confidence, mixed holiday sales, reduced credit availability, rising bankruptcies, surging ... more

Shaky Consumers December, 5, 2007

Another survey reveals declining consumer confidence as other data points to an impending recession. The latest "Discover U.S. Spending Monitor" fell 3.4 points in November, the lowest level in more than six months. more

eGift Card December, 4, 2007

A new virtual prepaid card for online purchases has emerged. The new "Discover eGift Card" enables purchasers to buy denominations from $20 to $500 and have it immediately delivered to its recipient. more

Targeted Mail December, 4, 2007

A new analysis of mailed credit card offers shows that households who have high balances in relation to their credit lines are the most targeted for new cards. Direct mail credit card solicitations during the third quarter hit 1.29 billion, up 20 million from ... more

PayPass Travel Card December, 3, 2007

The first prepaid travel card with contactless technology has been launched. The new "MasterCard Travel Card" is enhanced with "PayPass" technology which is now accepted globally at more than 73,000 merchant locations. more

ID Thieves December, 3, 2007

About 3.2 million Americans experienced misuse of their existing credit card accounts in 2005. About 1.8 million victims found that new accounts were opened or other frauds were committed using their personal identifying information. more