Business Builder

Two $50,000 cash prizes are on the table for business owners. MasterCard has launched its “Build Your Business” sweepstakes for U.S. small businesses that use “MasterCard BusinessCard” and “Debit MasterCard BusinessCards.” The prize money can be used for any purpose. Small business owners who use their “MasterCard PayPass BusinessCard” or “MasterCard PayPass Debit BusinessCards” will…

Relative Chaos

MasterCard and ABC Family have teamed up on an original movie due to premiere next week that takes scripted integration to a whole new level. The “RELATIVE CHAOS” movie will integrate various MasterCard products. MasterCard has also partnered with ABC Family on an extensive marketing campaign including print, TV and online media support. The movie…

Conscious Cards

A series of new credit cards has been launched for socially/spiritually conscious businesses and yoga lovers. Los Angeles-based Conscious Enlightenment and First Hawaiian Bank have launched eight new VISA credit cards. The “Enlightenment VISA Reward Card” allows socially and spiritually conscious businesses and organizations to offer their services and products as part of the rewards…

Home Depot Cards

The world’s largest home improvement specialty retailer has teamed with Citibank to launch its first pair of co-branded general purpose credit cards. Home Depot has introduced the “Home Depot Rewards MasterCard” and the “Home Depot Business Rewards MasterCard.” Under both programs cardholders earn 2,500 bonus points with their first purchase (enough for a $25 gift…

Payroll Cards

Payroll cards will have better federal protection next year. The Federal Reserve Board last week approved a new final rule that provides for “Regulation E” coverage to payroll account cards. The new rule also gives financial institutions more options in providing account transaction information to payroll card users. Under the new rule, institutions are not…

TravelMoney

Reloadable general purpose prepaid travel cards are now available in more than 1,550 Safeway store locations nationwide. “VISA TravelMoney” is also currently available through AAA and National City Bank, as well as 1,200 community banks that are members of the ICBA, the ABA and participating credit unions through CUNA Strategic Services. Later this year, “VISA…

Summer Extravaganza

If you are an American Express cardholder then you have a shot at some free Kanye West concert tickets next week. American Express has kicked-off a five-week promotion of free activities in New York City for its cardholders. The “Membership Changes Everything” promotion is offering more than 50,000 free tickets to concerts, sports, theater, film…

TrueBlue Points

While the frequent flyer programs run by discount airlines pale in comparison to the programs run by American, United and Delta, NY-based JetBlue is enabling cardholders of its American Express co-brand to extend the life of their “TrueBlue” points. Users of the “JetBlue Card from American Express” can automatically extend the life of their points…

Bankruptcy

Bankruptcy filings have now risen to about 14,000 filings per week compared to approximately 8,000 filings per week six-months ago. One-year ago filings averaged 35,000 per week level, prior to the full implementation of the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.” During July filings neared 63,000, the highest level since October when…

VISA Bills

Last year, Americans paid $89 billion in household bills, including electricity, cable TV, home and cell phone, insurance and rent with VISA debit and credit cards, about 25% above 2004. This week VISA has signed its largest electric utility system to-date offering the VISA payment option. OH-based FirstEnergy Corp. is introducing a fee-free program to…