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« January 25, 2005 | Main | January 27, 2005 »

January 26, 2005

Overnight Checks

Tags » Checking Accounts

Jennifer Saranow writes in the Wall St. Journal about Bank One's recently announced Overnight Check service.

Michael Cleary, executive vice president of retail marketing at Bank One, says the bank launched an electronic person-to-person transfer service four years ago called eMoneyMail, but took it off the market after two years when it didn't attract enough demand.

Bank One says customers using Overnight Check can send checks to anyone in the U.S. regardless of whether the recipient is a Bank One customer. The bank is also positioning the service as a last-minute bill-paying method, as not all bill issuers except electronic payments, according to Mr. Cleary.

Visa Gets NASCAR's Loyalty

Tags » Associations

Binyamin Appelbaum writes for the Charlotte Observer about Visa USA's NASCAR sponsorship campaign.

"When you look historically at NASCAR, it was fuel and lubricants and the tobacco sponsors," said Andrew Giangola, a spokesman for the company that runs the sport. "But in recent years, the two big ones have been pharmaceuticals and financial services."

Visa came first, signing up as the sport's official credit card in 1998, just as NASCAR was bursting onto the national stage with races from coast to coast and a network television contract. Giangola said the sponsorship was "a landmark" for NASCAR, underscoring its emergence as a sport whose average fan suddenly made more money than the average American.

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