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April 12, 2005

Wachovia Introduces New Foreign Remittance Card

Wachovia has announced the Wachovia Dinero Directo Card that customers can use to send money to friends and family in Latin America, the Caribbean, and Mexico.

Customers with a Wachovia checking or savings account can fund the Dinero Directo foreign remittance card with money from their Wachovia accounts. The recipient then may use the card at any ATM in the Visa/PLUS network, which consists of more than 950,000 ATMs in 160 countries. The funds are available immediately, and the sender may add money to the card at any time using several funding methods.

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Visa USA and PropertyBridge Collaborate on Online Rent Payment Acceptance Program

PropertyBridge and Visa USA have announced a strategic alliance to market online rent payment services for residential properties.

"PropertyBridge's combination of technology and financial expertise has created a new level of data integration that is enormously attractive and productive for property managers," added Jim Eitler, VP, Merchant Relations, Visa USA.

"Through this relationship, we hope to continue to grow the opportunity within the property management space, offer property managers the benefits of card acceptance, and extend added convenience to Visa cardholders."

Merchants Balk At Higher Credit Card Fees

Gwendolyn Bounds and Robin Sidel report for the Wall St. Journal on merchant reactions to the recent fee increases imposed on card-accepting merchants by Visa and MasterCard.

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Today's Other News - Tuesday, April 12, 2005

Note: This posting is updated continuously throughout the business day.

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