CARDNEWS FOR CONSUMERS
(9/29/00) E-Sign in E-ffect
Beginning October 1st it is very important to read before you click because that is when the new E-Sign law goes into effect in the USA. Under the Electronic Signatures in Global and National Commerce Act, digital contracts that consumers agree to online will have the same legal status as pen-and paper contracts.
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(9/28/00) Voice Cards
Forget about PINs, fingerprints and iris scans, there may be a better way to authenticate yourself in the near future. This new payment solution verifies and authenticates customers over the Internet or cell phone by their voice using advanced biometrics technology.
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(9/27/00) Store Card Makeover
While Kmart dumps its credit card for a co-branded MasterCard, JCPenney has decided to beef up its retail credit card. JCPenney and GE Card Services unleashed a major direct mail campaign this week for the newly overhauled JCPenney card.
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(9/26/00) Kmart MasterCard
Kmart has switched the "Blue Light" on for a new MasterCard. Capital One and Kmart are hitting the mailboxes across the country with a new co-branded bank credit card. The new Kmart MasterCard combines the store card benefits with MasterCard's global acceptance.
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(9/25/00) Chase Gift Card
Big banks are finally getting into prepaid gift cards. Chase Manhattan launched the Chase MasterCard Gift Card this week. This is one of the first reloadable pre-paid cards offered by a major credit card issuer.
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(9/22/00) VISA Buxx III
The new VISA teen card has picked up another player. Ohio-based National City Corporation became the third issuer to offer the new VISA Buxx card. Two weeks ago Bank of America became the second issuer to offer the new prepaid VISA card for teenagers.
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(9/20/00) Anita Future
Citibank has unleashed a comic strip to help college students understand credit card matters. "The Adventures of Anita Future and Les Foresight" is now available via email from Citibank.
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(9/18/00) VOI Winner
"Racing With the Dolphins" by Sun-ik Kim from Korea was named as the Grand Prizewinner of the VISA Olympics of the Imagination youth art competition. The program attracted 400,000 entries from a total of 23 countries.
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(9/15/00) First VISA Smart Cards
This week marked the beginning of the migration from magnetic stripe bank credit cards to smart chip bank credit cards in the USA. VISA raised the curtain on the smart VISA card and now has a product to take on the one-year old American Express Blue Card.
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(9/15/00) Second VISA Buxx
The new prepaid VISA card for teenagers picked up a second issuer this week. Bank of America is releasing its version of VISA Buxx. The BofA VISA Buxx Card also features gift certificates redeemable at specified merchants who have joined the program.
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(9/14/00) Hidden Rewards
If you live in or travel to Europe or Latin America you might want to check out some of hidden rewards found on VISA's web site. VISA.com offers discounts on hotel stays, as well as deals on other travel and entertainment services.
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(9/13/00) P2P Payments
While there a tons of email payment systems for Internet commerce there is an easy, cheap and secure solution from a top e-bank. WingspanBank.com offers eMoneyMail for free to its customers.
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(9/12/00) Private Parts
A new level of privacy is coming to American Express cards next month. American Express is introducing Private Payments, which enables customers to purchase online without transmitting their actual card account number over the Internet.
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(9/11/00) XXX Charges
Thousands of consumer were hit with some extra card charges, the XXX kind! The FTC says a California firm bilked consumers out of $43 million by charging consumers' credit and debit cards for X-rated Internet visits they had not made and services they didn't order.
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(9/8/00) VISA Olympic Winners
Thirty-three lucky kids are going down under thanks to their imaginations. VISA International announced this week the winners of its "VISA Olympics of the Imagination" youth art competition.
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(9/1/00) Teens Okay
Teenagers spend prudently and are not cash-crazy when it comes to using payment cards. The average purchase made on prepaid teen cards is $23.88 compared to an average purchase transaction of $80.84 made on bank credit cards and $30.72 made on debit cards.
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