PayPass Expansion

MasterCard’s contactless payment option continues to gain acceptance by merchants worldwide. Office Depot has become the first office supply chain to offer customers the “PayPass” option. Office Depot will continue to accept traditional magnetic-stripe payment cards as well in its more than 1,000 retail store locations nationwide. As of mid-year, there are more than 16…

Bounced Checks

A new survey has found that 20% of Americans paid overdraft fees over the past year. Only about 2% bounced more than 10 checks. The research by Ipsos-Reid for The American Bankers Association also found that 79% of consumers said their bank covered the check or debit payment that caused the overdraft fee, while 19%…

Credit Piggybacking

While it might be unethical to use another consumer’s good credit to improve your poor credit to qualify for a lower interest mortgage or credit card, it is apparently legal for now. A San Diego company has compiled a group of investors with seasoned tradelines dating back at least 10 years with perfect payment history…

VISA Prepaid

Prepaid cards are great unless you use them for certain transactions like pumping gas. Prepaid card users can find their card declined when the balance on the prepaid card is less than the typical cost of a full tank of gas. Shell Oil has begun implementing VISA USA’s “partial authorization” policy for prepaid VISA cards.…

Bank Fees

A new survey shows that two-thirds of consumers spend $3 or less in monthly fees for bank services such as checking account maintenance and ATM access. The poll by the American Bankers Association also reveals that more than half of consumers pay no bank fees, a 9% increase from 2006. When asked how much they…

Tax Card

A new credit card has hit the market that enables consumers and businesses to clear their tax responsibilities with the government. The new “US Liberty Card” is the brainchild of Arkansas-based Nick-Lynn Technologies. The Company says low interest rates with the card and liberally negotiated payment arrangements allow individuals and businesses to avoid bankruptcy and…

BJ's VISA

BJ’s Wholesale Club’s general purpose credit card has been enhanced and upgraded to contactless. The new “BJ’s VISA Card” now offers two points for every dollar spent on BJ’s purchases; one point for every dollar spent on all other purchases; and 1,000 bonus points after the first card purchase. For every 2,000 points accumulated, the…

Linux Card

The credit card that generates funds for “Free and Open Source Software” projects like “Blender,” “FreeGeek” and the “WikiMedia Foundation” is back. The “Linux Fund VISA” has been juiced-up and now has a new program for College students and another program where the cardholder and The Linux Fund share the rewards. The card was formerly…

Airfare Deals

MasterCard has teamed with US Airways to offer two fall promotions. US Airways customers who book roundtrip airfare to select cities throughout Europe and pay with a MasterCard card can save up to 20% and earn up to 20,000 “Dividend miles.” Under the promotion customers can receive a 20% discount on business class or “Envoy…

NFL Debit Cards

Bank of America has become the first “Official Bank of the NFL” in the U.S. and has introduced the “NFL Checking” program that includes “Check Cards” and checks designed specifically for the pro football fan. “NFL Checking” customers are also eligible for the “Keep the Change” savings program that automatically rounds debit card purchases up…