Consumer Payment Card News

AOL Buxx

Bank One and America Online have teamed to introduce the “AOL Cash Card” this summer in conjunction with the upcoming launch of “AOL 9.0 Optimized.” The new card is part of the “VISA Buxx” program, providing a parent-controlled, re-loadable payment card for teens and young adults. The program allows parents to set spending limits, track their teen’s spending, load additional funds onto the account every month or set up a recurring load schedule to maintain the card as an “allowance,” receive real-time updates on purchases, and access transaction histories entirely online through the AOL service. AOL will make the new card available to members as a new feature of “AOL 9.0 Optimized,” the latest version of the AOL and “AOL for Broadband” services. AOL says the program will be available for members with teenagers ages 13 and up that have “Screen Names” on “AOL 9.0 Optimized.” VISA U.S.A. introduced “VISA Buxx” in August 2000. U.S. Bancorp was the first issuer of the card. There are ten issuers of “VISA Buxx” cards today including: Bank One, Bank of America, Wachovia, First Tennessee, First Union, National City, Sandy Spring Bank, National Exchange Bank & Trust, Hudson Savings Bank, and U.S. Bank. To learn more about AOL 9.0 Optimized, visit www.aolepk.com.

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