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News Library - 2008

Olympic Cards August, 4, 2008

A limited edition "Olympic Giftcard" is now available at 185 Simon Malls coast-to-coast. Only 100,000 cards will be available that also contain a unique GWP CD-ROM that gives consumers access to bonus Olympics footage, music, and ringtones. more

Card Usage August, 1, 2008

A new study shows declining credit card use among Americans due to the economic downturn, as more consumers sit on their wallets. About 45% of those surveyed say their ability to contribute to savings has decreased and 37% of consumers say they are using ... more

Direct Express Card July, 31, 2008

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 July, 30, 2008

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 July, 29, 2008

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 July, 28, 2008

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 July, 25, 2008

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 July, 23, 2008

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 July, 22, 2008

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 July, 21, 2008

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