News Library - 2004
Final Tally December, 29, 2004
The 2004 holiday season exceeded expectations as retail sales charged to major credit cards, signature debit cards, and store credit cards ran more than 5% over projected levels. Debit card use soared, rising about 14% above projections.
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Credit Card Transactions December, 23, 2004
While gross dollar volume on bank credit cards have increased 2.5 times since 1994, the average transaction has increased about 16% over the past decade. The average transaction on a general purpose credit card, carrying the VISA, MasterCard, American ...
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Score Watch December, 22, 2004
A new service has been launched to enable consumer to track their credit scores. Equifax and Fair Isaac have partnered to launch "Score Watch," which continuously monitors subscribers' Equifax credit file for changes that can affect their FICO scores.
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Fast Food & Cards December, 21, 2004
Americans will charge more than $30 billion worth of fast food to their credit and debit cards over the next twelve months, compared to $14.9 billion one-year ago. For the the full year of 2004, credit card sales for fast food will hit about $22.5 billion.
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ExpressPay December, 20, 2004
American Express' contactless payment system is set to go nationwide as its first national merchant partner comes aboard. The CVS retail pharmacy chain has inked a deal to make a full roll-out of "ExpressPay" to its entire fleet of more than 5,300 stores by ...
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Holiday Pulse December, 17, 2004
Retail sales charged to major credit cards, signature debit cards, and store credit cards is running nearly 10% over projected levels for this year. For the three weeks ending December 12th, overall retail payment card volume has topped $70 billion, compared ...
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Citi-AmEx Cards December, 16, 2004
Citibank, the largest MasterCard issuer, is gearing up to add American Express cards to its product arsenal late next year. Citibank becomes the second card issuer to partner with American Express in the U.S., on the heels of MBNA.
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5.25% PRIME December, 14, 2004
There was no holiday spirit at the Federal Reserve today as rates resumed their climb upward. Today's decision by the Fed to raise short-term interest rates by 25 basis points (0.25%) will push the prime rate to 5.25%, and cost American credit cardholders ...
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Sprint VISA December, 13, 2004
Sprint and Chase have teamed to launch a co-branded rewards cards that offers a full 1% cash rebate. The new "Sprint Rewards VISA" rewards cardholders with two points for every dollar spent on Sprint purchases and one point for every dollar spent on all other ...
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Gender Gap December, 10, 2004
The average American female carries about $200 less in credit card debt than their counterpart. A new survey has found that American males have an average of $2,742 of credit card debt spread out over 2.5 cards, and that females average $2,522 of credit card ...
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