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August 25, 2009

An Update on Student Credit Cards

In an article titled "Final Semester for Credit Cards Aimed at Students?" in this morning's American Banker, Maria Aspan writes about the new rules affecting marketing of credit cards to anyone under 21 that take effect next February as part of the Credit Card Accountability, Responsibility and Disclosure Act. Between now and then, Aspan writes, "some industry members expect to see issuers conduct business as usual when marketing and issuing to students — if not accelerating their efforts."

Whataburger to Accept Contactless MasterCard PayPass Payments

MasterCard Logo.jpgMasterCard has announced that Texas-based quick service restaurant chain, Whataburger, will accept MasterCard(R) PayPass contactless payments at more than 500 locations across southern United States. Customers will be able to use their MasterCard PayPass card or device to simply Tap & Go to pay for menu items at the counter and at the drive-thru, enabling them to make purchases quickly and conveniently. READ MORE »

Walmart Offering CheckFreePay Walk-in Bill Payment Service

fiserv_logo.gifFiserv has announced that "Walmart has implemented the CheckFreePay service from Fiserv, enabling customers to pay bills in person at all Walmart locations in the United States. Using the CheckFreePay service, customers can pay household bills, such as their utility, mobile phone, auto loan, insurance and credit card bills, at any one of the retailer?s 3,755 domestic locations, including Walmart SuperCenters and Neighborhood Markets." READ MORE »

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