CARDNEWS FOR CONSUMERS
(4/28/00) Canadian Airlines Aborts AmEx
If you are thinking about transferring Membership Rewards points into the Canadian Plus frequent flyer program . . . forget it. Canadian Airlines abruptly decided to pull out of the American Express Membership Rewards program this week.
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(4/27/00) Reader's Digest Card
Millions of mailboxes in the US are being hit this week with a solicitation for the new Reader's Digest credit card. Bank One/First USA and The Reader's Digest Association have teamed up to offer the Reader's Digest Platinum MasterCard credit card.
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(4/26/00) COPPA Compliance
Starting this week, new rules go into effect in the U.S. that affect kids and the Internet. As a result, some companies may require a parent's credit card to permit children to participate in online activities.
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(4/25/00) Hear Me Roar
Canadian women have been empowered with a new credit card. The Power of Women Foundation and Canada's Royal Bank have teamed up to offer the Royal Bank Power of Women VISA Gold affinity credit card.
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(4/24/00) Cobalt Card
The battle to build a payment system for teenagers picked up yet another competitor yesterday. San Francisco-based Cobaltcard said its has raised another $16 million in funding and has assembled an A-list advisory board.
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(4/19/00) Online Data
Whom do you trust? A new survey reveals that online users overwhelmingly support government intervention to set standards for how companies may use personal information gathered through the Internet and WWW.
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(4/17/00) iCard MasterCard
While RocketCash, Cybermoola, and PocketCard have launched new payment systems for teenagers, there is another alternative that has been around for the past two years. It is prepaid VISA and MasterCard gift cards.
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(4/13/00) Financial Storm
American consumers are piling on debt like there is no tomorrow. The latest figures, released this week from the Federal Reserve, show consumers added nearly $6 billion to revolving credit during February.
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(4/12/00) Credit Puzzle Winner
Building good credit as a student or young consumer can save more than $500,000 over a lifetime. This is one of the messages from the nation's top award winning Web site created by 17 year-old Andris McKinley of Frederick, Maryland.
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(4/11/00) Credit Flunkies
America is churning out financially illiterate students. Believe it or not - - the problem is getting worse. The Washington, DC-based Jump$tart Coalition for Personal Financial Literacy released a study last week which measured 12th graders' level of knowledge of personal finance basics...
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(4/10/00) Holographic Store Card
Nordstrom has launched the first space age store credit card that rewards customers on how much they spend as well as how long they have been a cardholder. The fashion specialty retailer unveiled its new credit cards last week.
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(4/10/00) New Web Heads
The Internet is no longer the domain of geeks, perverts and teenyboppers. Media Metrix reported last week that the number of baby boomers and seniors on the Internet grew by 18.4% last year, making them the fastest growing Internet population.
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(4/3/00) Citius, Altius, Fortius
VISA is sending three kids from the USA halfway around the world to see the Sydney 2000 Olympic Games. VISA has officially opened the "VISA Olympics of the Imagination" contest to U.S. children.
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