Phone Free On Valentine's Day

Consumers spent billions of dollars on Valentine’s Day items for their sweethearts last year. Not for much longer. Now those people, and everyone else, can cut their expenses through free domestic calling using Net2Phone Direct, Net2Phone’s Internet-based phone card all day on Valentine’s Day, February 14th. Users can sign up through the Net2Phone Direct web…

Fed Rate Hike

American credit cardholders will shell an extra $19 in interest charges over the next twelve months as a result of today’s fed rate action. Totally Americans will see interest charges soar by $1.4 billion over the next year. Of the 78 million U.S. households that have at least one credit card, the average balance is…

The Triple Dip

Airfare buster Southwest Airlines has put its Rapid Rewards frequent flyer program into mach speed. This week Southwest teamed up with the Hilton HHonors frequent guest program to offer triple the standard Rapid Rewards credits for every stay at participating HHonors hotels. Rapid Rewards members normally receive a half credit per stay. During the promotional…

Scan, Swipe & Go

Now you can swipe your groceries with no one looking . . . and it’s perfectly legal. Utah-based International Automated Systems has developed a complete cashier-less checkout system for grocery stores. This week the firm says its first U-Check store in Salem, Utah, which opened officially to the general public in March, has captured approximately…

Card Security Holes

Card issuers are scrambling to replace credit card accounts compromised by a recent theft of a customer database from an online CD retailer. The theft has raised eyebrows worldwide. Now a California firm, SecurityFocus.com, says it was recently made aware of a number of e-commerce sites with major database holes. Citing a Russian source, SF…

Netscape MasterCard

Get rewarded for browsing and charging. AOL’s Netscape Communications and Citibank’s affinity credit card unit joined up this week to rollout the official Netscape Platinum MasterCard. The program comes with the choice of two enhancements “Netscape Values” and “Netscape TravelerMiles”. The no-annual-fee “Netscape Values” card offers cardholders one reward point for each dollar charged with…

Name Your Own Card

The pioneer of “Name Your Own Price” is teaming up with an Internet credit card pioneer to launch a customized VISA or MasterCard. NextCard announced this week a major strategic relationship with priceline.com to enable priceline.com customers to create their own customized credit cards beginning this spring. NextCard has agreed to create a unique co-branded…

Card Hacker

A Russian Web-head hacked his way into an online CD retailer’s Web site, capturing hundreds of thousands of active credit card account numbers. The hacker then brazenly demanded a ransom for the stolen information. Connecticut-based eUniverse, Inc. confirmed this week the theft of customer credit card numbers from the company’s CD Universe subsidiary, an online…

The Tax Man Chargeth

It’s official! Starting this Friday, U.S. taxpayers will be able to charge their federal income tax payments for the 1999 tax year via MasterCard, American Express and Discover cards. VISA is not participating in the program. The credit card option is the result of an agreement between the IRS and Official Payments Corp., formerly known…

Visa Skymiles

Four years ago Delta Airlines teamed up with American Express to offer a co-branded credit card. This year Delta is launching a VISA credit card version of its SkyMiles program. The first, new, Delta/VISA card will be issued by Asahi Card Company in Japan. Delta says it will launch a series of international SkyMiles VISA…