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News Library - 2008

Pancreatic Cancer Visa July, 18, 2008

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 July, 17, 2008

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

Contactless Confusion July, 16, 2008

A new study has found that the new "wave-and-pay" options at checkout terminals is not yet the smart card killer solution that industry leaders had expected. Consumers are largely in the dark when it comes to understanding and embracing the new contactless ... more

ID Patrol July, 15, 2008

Equifax has launched a full featured identity protection tool. "ID Patrol" offers protection against identity theft by providing subscribers the ability to lock and unlock their Equifax credit file; receive alerts if their Social Security number or up to ten ... more

ID Theft Risks July, 14, 2008

Young consumers are seriously at risk for identity theft. A new survey shows there are nine million identity theft victims annually, one third of whom are between 18 and 29 years old. more

Credit Fog July, 11, 2008

An annual poll has found that consumers indicated credit scores would rise if one paid off a large credit card balance -- up from 62% in 2005 to 67% in 2008 -- and would fall if one made a monthly credit card payment more than 30 days late -- up from 71% to ... more

May Debt July, 10, 2008

Consumer revolving credit resurged in May as Americans tacked on $5.6 billion in net new debt, mostly credit card debt, after dipping by $400 million in the prior month. Revolving consumer credit has now reached a record $961.8 billion and is growing by 7.1% ... more

Late Pays July, 9, 2008

It's true - rising food and gas prices and little income growth has left many consumers with fewer resources to manage debt. Credit card delinquencies, based on total dollars outstanding, rose to its highest level in four years for a first quarter. more

Elite Card July, 8, 2008

The well-heeled have a new credit card to select from that offers complimentary airport club access, 24/7 concierge service, as well as a personal travel advisor and other unique travel privileges through MasterCard's relationship with Virtuoso, a luxury ... more

Recession Depression July, 3, 2008

Consumer economic sentiment has fallen to the dismal level of the early 1980s as the full effects of a recession take hold. High gasoline and food prices, a falling stock market, weakening housing values and a shaky job market do not a happy consumer make. more