CardLess Money Transfers

Western Union Financial Services and EDS announced Tuesday they are developing a system for cardless, consumer-initiated cash and cash equivalent transfers at ATM machines. The system, based on EDS patents, will enable consumers to electronically move funds from person to person, 24 hours a day, seven days a week at more than 13,000 EDS-operated ATM…

Back In The Sky

After being dumped by Chase Manhattan earlier this year, ‘The British Airways VISA’ is back in the market as it was re-launched yesterday with First USA. The new product is loaded with a lot of punch as it offers a waiver of the first year’s annual fee, one of the lowest interest rates of any…

Free Travel-For-Life

Carlson Companies’ electronic shopper loyalty card program, ‘Gold Points Plus’, announced Thursday it will offer a grand prize of “Free Travel for Life” and scores of other prizes to lucky cardholders. The ‘Free Travel for Life’ program will launch June 1 and run through December 31. The Grand Prize will provide one free vacation per…

Maximum Miles

Hyatt Hotels and American Express announced Thursday the ‘Maximum Miles from Hyatt’ program. Guests will be able to earn quadruple miles on select airlines for every stay at Hyatt Hotels and Resorts worldwide between June 1 and August 31 when they stay two or more times during the period and charge their stay with the…

Elvis Card Lives

The Bank of Scotland is set to introduce the ‘Elvis MasterCard’ next week. The bank will be using Elvis impersonators to give out application information. An Elvis magazine and special retail discounts are also in the works. BOS will be offering an 11.9% introductory rate. The bank says it projects the Elvis card will surpass…

X Prize Platinum

The X PRIZE Foundation, a nonprofit organization created to jump-start the space tourism industry, launched one of the most unusual and exciting sweepstakes in history yesterday. The grand-prize winner of the ‘Your Ticket to Space’ sweepstakes will take a sub-orbital trip into space, thereby earning official classification as an astronaut. To enter the sweepstakes consumers…

V.I.P. Rewards

MA-based, mall manager WellsPark Group, launched the most comprehensive relationship marketing program ever created by a mall developer yesterday. The ‘V.I.P. Rewards’ program will allow customers to earn points for rewards via in-store data colletion terminals which track cardholders’ purchases with a simple swipe of a membership card. The program will be launched during July…

Adding Octane

Chase Manhattan announced yesterday it is beefing up and simplifying its ‘Shell MasterCard’. As of June 1, the $70 annual cap on rebates will be eliminated on gasoline and non-gasoline purchases. Chase and Shell also announced they have increased the rebate on Shell gasoline purchases to 5% from 3%. However the rebate for non-gasoline purchases…

Seinfeld Carded

Credit card commercials from VISA and MasterCard will claim a spot in tonight’s ‘Seinfeld’ finale. Yesterday VISA announced it will debut a new 30-second commercial targeted at ‘Generation Xers’. VISA’s commercial will be a slightly offbeat spot that features funky music, hip GenXers and popular vintage clothing. Created by BBDO NY, the spot is titled…

Students Fail Personal Finance

American college students bounce checks, revolve credit card purchases and will rack an average of $15,000 in post-graduate according to recent survey conducted by Quicken. The survey found that 67% of college students now have credit cards with 71% of student cardholders revolving balances monthly. Almost half of the students surveyed admitted to bouncing a…