CardTrak.com - News Archive - July, 2008
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News Library - July, 2008

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Direct Express Card

The U.S. Department of the Treasury's Financial Management Service will roll out information about the "The Direct Express Debit MasterCard" to two million Social Security recipients in the Midwest for federal benefits with their monthly checks in August. ... more

National Guard Card

In a major solicitation push, the National Guard is targeting teens for a look-a-like credit card offering $60,000 in pay and other benefits. However, the card touts itself as a "Money In The Bank" card and not a credit card. more

Biz Pulse

Economic confidence among small business owners rebounded in July as cash flow issues diminished. In fact, 33% say they have experienced cash flow issues over the last 90 days, a significant decrease from 42% in June. more

Affinity Cards

The affinity credit card market is alive and kickin. CardPartner.com has launched its "Oregon-California Trails" Visa and its "Reach Out and Read" Visa affinity credit card programs, targeting the two million small and mid-size nonprofits/membership ... more

Big Trouble

The nation's top three general purpose credit card issuers, who collectively control nearly 60% of the U.S. card market based on card loans, posted a 3.4% gain in outstandings and a 2.4% gain in volume for the second quarter, compared to the year ago period. ... more

Olympic Visa

As the U.S. Olympic team heads for Beijing this month, not a single athlete or staff member will be without a Visa-branded prepaid card in his or her wallet. Bank of America and Visa have resurrected the Visa prepaid card for the U.S Olympic and Paralympic ... more

Back-to-Basics

A new survey indicates this will not be a banner year for back-to-school shopping. Nearly two-thirds of parents surveyed reported that current economic conditions like rising gas and food prices and talk of a recession will impact how much they spend on ... more

Credit Quest

The number of consumers with low scores searching for "credit cards" is way up this year and the number of consumers searching for "cash advances" has soared. A new survey shows that the number of online credit card applications submitted by "subprime" (FICO ... more

Pancreatic Cancer Visa

The Pancreatic Cancer Action Network has launched a "Platinum Visa" credit card. The organization hopes to raise awareness of pancreatic cancer by donating $50 for every card activated, plus a percentage of every dollar charged to each card. more

Gold Reward

American Express and Starwood Hotels announced they will provide a $75 food and beverage credit whenever "AmEx Gold Card" members book a stay of two or more consecutive nights at over 500 properties around the world across four Starwood brands. Other "AmEx ... more
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