Consumer News
April

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(4/30/97)AmEx Opens ExpressNet to Internet
As of yesterday, American Express cardmembers registered with ‘ExpressNet’ can now view card account information and access a number of other services via the Internet.
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(4/30/97)AmEx Credit Card for Argentina
American Express launched a new credit card for Argentina yesterday offering an interest rate about 25% lower than competitors. The ‘American Express Credit Card’ charges an interest rate of 38.7% in pesos or 19.6% in dollars.
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(4/30/97)Speedpass Takes Off in Washington
Starting today, drivers pulling into participating Mobil service stations throughout the greater Washington metropolitan area will be introduced to Mobil Speedpass, a new technology that provides motorists with the fastest way yet to purchase gasoline.
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(4/29/97)VISA Check Card Too Popular
VISA U.S.A. said this morning its off-line debit card or ‘Check Card’ is generating 31 transactions per second in the U.S. More than 46 million cardholders conducted more than one billion VISA Check Card transactions last year representing a 40% increase over 1995.
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(4/30/97)Chase Drops Online Fees
First Data Corporation saw net income increase 29% to $136 million in the first quarter while revenue increased only 10%. FDC says the divestitures of MoneyGram and GENEX impacted revenue growth.
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(4/29/97)Private Issue Picks Tina Turner and Jerry Garcia
What do rock music diva Tina Turner, the late Grateful Dead band member Jerry Garcia and New York Knicks superstar Patrick Ewing have in common? Each is known as an accomplished artist whose original creation will be featured on the 1997 edition of the Private Issue(R) Card.
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(4/29/97)AmEx Flood Tips
Emotions tend to take over during times of physical disaster -- a reality being experienced by flood victims in Minnesota and North Dakota, according to professionals. But the time will come when the subject of finances must be dealt with.
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(4/24/97)VISA's Consumer Initiative
VISA announced a year-long campaign this morning to provide personal finance education seminars in twenty U.S. cities. The initiative was announced as part of this week’s “National Consumer Credit Awareness Week”.
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(4/24/97)Prudential Waives Late Fees for Flood Victims
Prudential Insurance Company's customers in North Dakota, South Dakota and Northern Minnesota who are victims of the record flooding will not have to worry about paying their Prudential bills for now.
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(4/21/97)First ATM Check Images
NCR and Citizens Federal Bank (Ohio) announced Friday the availability of a check’s image printed on an ATM receipt. This is the first time an ATM has ever provided the actual image of a check to the consumer as verification of an ATM check deposit.
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(4/21/97)VISA Small Business Web Site
To address the needs of small business owners, Visa U.S.A. has added a Small Business Site to its "Visa Expo" web site (http://www.visa.com) that provides instant access to all the resources needed for running a small business.
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(4/21/97)240 & 500 Min Phone Cards Coming
SmarTalk(SM) TeleServices, Inc. (Nasdaq: SMTK) announced today that it is in the process of phasing out its 30-minute prepaid calling card product in all Office Depot stores nationwide and replacing it with a special 60-minute package.
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(4/10/97)MoneyClip Arrives
A low-cost, smart card reader built into a standard 3.5" floppy diskette that can used with almost any PC was unveiled yesterday by InteliData. The ‘MoneyClip’, which retails for $59.95, integrates Fischer International’s ‘Smarty’ smart card reader with the security solution developed by V-ONE and InteliData’s home banking Internet product.
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(4/8/97)AT&T Business MasterCard
The long-anticipated AT&T Universal ‘Business MasterCard’ finally made its debut yesterday. The new no-annual-fee card, specially designed for small business, offers credit lines up to $10,000 on ‘Classic’ cards and up to $25,000 on ‘Gold MasterCards’.
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(4/8/97)Pennsylvanians Say No To ATM Fees
A Harrisburg radio station, KQV, said yesterday an informal telephone poll conducted last week found 80% of consumers in favor of the Bodack-Belan initiative to ban ATM surcharges in PA.
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(4/8/97)No Fee VISA Gold For Canada
TD Bank today unveiled the newest member of the TD Visa family. The new TD GOLD SELECT Visa card has all of the standard Gold card features without the traditional annual fee, which translates to savings of up to $120 a year.
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(4/8/97)Swedes Love Online Shopping
V-ONE Corporation (Nasdaq: VONE) reported today that more than 90,000 people have signed up with the Swedish postal service in the last six months to use V-ONE's SmartGATE technology for secure online shopping. Sweden Post and V-ONE were brought together by Internet SmartWare, V-ONE's master reseller in Europe.
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(4/8/97)Women Focused On Credit Card Debt Reduction
Women of the Baby Boom generation remain more tentative about their retirement financial planning prowess than Baby Boomer men, but exhibit a more positive attitude about the length, productivity and personal fulfillment of their careers and retirement pursuits, according to a major new survey of the Baby Boom generation by Scudder, Stevens & Clark, Inc.
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(4/7/97)Card Balances by Household
Bank credit card balances per U.S. household hit $4,260 at the end of 1996 according to the latest issue of Bankcard Barometer. The data are based on total card balances of $404.7 billion and 95 million gross U.S. households.
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(4/7/97)Crossing the Chasm
The acquisition of WebTV Networks by Microsoft over the weekend will undoubtedly accelerate the delivery of the Internet among the mass market. However the final hurdle will be the actual integration of computers into television sets. Current estimates show about 20-25 million U.S. households with Internet access.
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(4/7/97)AutoConnect to Sell Equifax Credit Reports
The Dealer Services Group of Automatic Data Processing, Inc. (ADP) has introduced a new Internet service to enable consumers to check their personal credit files through ADP's comprehensive automotive Web site -- ADP AutoConnect(TM) (http://autoconnect.net).
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(4/4/97)Coca-Cola ATM Money Cards
MasterCard and Coca-Cola announced a summer promotion yesterday to distribute instant cash prizes to consumers via Cirrus ATM cards. The 'Coca-Cola Incredible Summer' promotion offers consumers $50 million in prizes including $10 million in cash prizes to be awarded via $20, $40, or $100 'ATM Money Cards'.
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(4/4/97)Braille Phone Cards
Legendary musician Ray Charles Thursday introduced the world's first Braille prepaid phone card. The creation of Destiny Telecomm International, Inc., the "Ray Charles" phone card allows sight-impaired individuals to enjoy the convenience of prepaid phone card use.
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(4/3/97)NFCC's New Consumer Disclosure Guidelines
The nation's oldest and largest non-profit credit counseling organization has announced new policies to ensure consumers receive consistent information about the debt repayment programs offered by its members.
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