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News Library - September, 2008

Biz Pulse September, 30, 2008

Economic confidence among small business owners slipped sharply in September. The real mover of this month’s confidence level is the overall sense that the economy is getting worse. more

Android Payments September, 29, 2008

Visa and Chase plans to make mobile payment-related services broadly available in the U.S. via Google's new "Android" platform. The new Visa mobile services developed for the "Android" platform include near real-time notification of purchase activity based on ... more

Visa ReadyLink September, 26, 2008

"Visa ReadyLink" is preparing to enable consumers to add funds to Visa prepaid cards at ATMs that accept envelope-free deposits across the USA. More than 7,000 merchant locations across the country have implemented "Visa ReadyLink" since its 2006 launch. more

Holiday Outlook September, 25, 2008

Total holiday retail sales are expected to increase this year by a very sluggish 2.2% due to a lack of consumer confidence in the U.S. economy. Over the past ten years holiday sales rose an average of 4.4% per year, making 2008 the weakest period since 2002, ... more

SavingsEdge September, 24, 2008

Visa has unveiled a new program to offer automatic discounts at top-tier business merchants for small business owners. The new "Visa SavingsEdge" is now available to Visa Business cardholders with cards issued by Chase, Bank of America, PNC Bank, Wachovia and ... more

Gift Cards Forecast September, 23, 2008

Holiday gift card sales may dip to $25 billion this year, compared to $35 billion in 2007. A new survey also suggests that the restaurant/fast food category will sell more cards than any other category this holiday season. more

Healthcare Visa September, 22, 2008

A new credit card has been introduced to help fight cerebral palsy, spina bifida, complex orthopaedic issues, neurological disorders and other disabilities. The new "Gillette Children’s Specialty Healthcare Visa" credit card generates $50 for each card ... more

No Country September, 19, 2008

A new survey of older Americans has found that 684,000 aged 50 and over were either in foreclosure or were delinquent in mortgage payments. The AARP Public Policy Institute notes that is more than a quarter of all foreclosures or delinquencies (28.1%). more

Wave Cards September, 18, 2008

A new report reveals that nine percent of the U.S. population now have a contactless credit or debit card. Last year the number of open network contactless cards in circulation reached 35 million in 2007, nearly doubling from 19 million in 2006. more

Card Debt September, 17, 2008

National credit card debt per credit card borrower increased 2.63% sequentially to $1,717 in the second quarter and 8.6%, compared to 2Q/07. The highest state average card debt per credit card borrower was in Alaska at $2,494, followed by Tennessee at $2,109 ... more