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News Library - September, 2009

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ThankYou Sony

ThankYou Sony

You can now turn credit card points into free music downloads. The new gig is the result of Citi's "ThankYou Network" and Sony Music Entertainment hooking-up. As an additional benefit, Sony Music will offer ThankYou Members special artist promotions on an ... more
Perfect Storm

Perfect Storm

Aside from the "Credit Crunch" and the "Great Recession," credit and debit card issuers are facing a "Perfect Storm" of an accelerated implementation of the "CARD Act," the creation of the "Consumer Financial Protection Agency" and swiftly moving legislation ... more
Financial Football

Financial Football

A free video game that combines the world's most popular sport with an award-winning financial literacy curriculum kicked-off this month. Visa announced it is making its "Financial Football" available in over 12 countries in the months leading up to the "2010 ... more
Debit Fees

Debit Fees

As pressure builds on bank overdraft practices, particularly with regard to debit card transactions, major banks are announcing they will revamp their policies early next year. This week, Chase, Wells Fargo and U.S. Bank announced changes. more
Ink Cards

Ink Cards

While American businesses are currently full of red ink, there is some new blue ink available that might help getting back to black ink. Chase has introduced a new business card portfolio that includes four distinct cards and marks the issuer's first ... more
Get-Out-of-Jail Card

Get-Out-of-Jail Card

A new prepaid debit card has been introduced in California that is issued to an inmate when he/she is released from jail. The "EZ Release Debit Card" is part of Continental Prison Systems' "EZ Card & Kiosk" program that offers a variety of electronic payment ... more
WU Cards

WU Cards

A new paid or reloadable prepaid Visa cards have been introduced that carry no monthly maintenance, purchase transaction and customer service fees. The new "Western Union MoneyWise" and "Gold Card Visa" prepaid cards are now being offered nationwide. more
Card Costs

Card Costs

As the dispute between retailers and card networks over fees intensifies, a new survey reveals an overwhelming number of consumers say retailers should pay the cost of accepting credit and debit cards. The Visa survey found that more than three-fourths of ... more
Basic Card

Basic Card

The impact of the new credit card rules became clear this week as Bank of America announced plans to launch a new credit card next month with a core interest rate of prime +14%, compared to the prime +10% APR that dominated the market for the past decade. The ... more
Easy Points

Easy Points

Credit card issuers are beginning to pump more value into their credit card reward programs. This week American Express has jazzed-up its "Membership Rewards" with two new features, one enabling cardholders to redeem points for "everyday" type charges and the ... more
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