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News Library - May, 2009

Card Gap May, 29, 2009

The current recession has dampened credit card usage, but has been a boon to debit cards. Based on current growth rates for credit cards and debit cards in 2008, debit cards will likely overtake credit cards as the preferred way to pay in the USA by 2012. more

Discover Mobile May, 28, 2009

Discover has beefed-up its mobile service solution with the launch of "Mobile Reminders." Discover.com registered users can log in and select to receive any of eight "Account Activity" reminders via text message or email. more

Lighter Mailboxes May, 27, 2009

If your mail is running a little lighter this year it might be related to the 67% decline in credit card offers sent out in the first three months of 2009. The sharp drop follows a 55% decrease in the fourth quarter and a 20% decline in the third quarter of ... more

GoPayment May, 26, 2009

A new mobile credit card processing solution has been introduced for a one-time merchant account setup cost of $59.95 and a $19.95 per month fee. Transaction ranges from 1.64% to 3.54%, with no additional fees or long-term contracts. more

Cardholder Rights May, 21, 2009

President Obama is set to sign the "Credit Cardholders' Bill of Rights Act of 2009" into law by Memorial Day. Congress yesterday passed the new legislation that bans the many gotchas buried in the fine print of credit card agreements. more

Daily Wish May, 21, 2009

A new online marketplace has been launched for American Express cardholders that offers a wide range of hand-picked products and experiences with savings up to 50% off. The "Daily Wish" marketplace, for example, will offer cardholders on May 28th the ... more

Card T&C May, 20, 2009

The U.S. Senate overwhelmingly voted to change the rules under which the U.S. credit card industry plays by. The new terms and conditions that will likely be imposed on the credit card business will handcuff issuers forcing them to limit credit lines and ... more

Biz Cards May, 19, 2009

A new study has found that 59% of small business owners are currently using credit cards to finance their business, up from 49% in December. At the same time 75% report that their credit-card terms have worsened over the past six months, compared to 69% in ... more

BillMyParents May, 18, 2009

A new payment service has surfaced that enables tweens and teens to shop online without a credit card while giving parents control over any purchases. The new "BillMyParents" system gives tweens/teens immediate access to more than a million products through a ... more

GI Joe Card May, 17, 2009

The upcoming "GI Joe: Rise of Cobra" movie has produced a special edition gift card. Cinemark Theatres and Paramount Pictures have teamed to offer the collectible card. Cinemark gift cards allow patrons to place any value they wish on a stored value card for ... more