Consumer Payment Card News

People's Special Web Offer

People’s Bank is now marketing its credit card program through RAM Research Group’s World Wide Web site. As a special offer to surfers from RAM Research’s site, Peoples is offering a card with no annual fee and a 5.9% intro rate. After six billing cycles the rate goes to a fixed 12.9% rate. People’s also offers a comparison chart and security tips through its credit card site. People’s becomes the sixth issuer to join RAM Research’s ‘CardWeb’ program, following Commerce Bank, Great Western, First USA, Wachovia and AFBA. CardWeb, which is limited to twelve card issuing institutions, has a total of ten commitments as of this morning. CardWeb partners receive extensive promotion within RAM’s Web expansive site and externally on Internet search engines. RAM’s Web site of more than 5,000 payment card documents draws about two million requests per month.

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