Cardline back issues from September 2006:
FED ISSUES "COMPROMISE" RULE ON PAYROLL CARDS.(Network Branded Prepaid Card Association)(Brief article)
Sep 01, 2006 ... The Federal Reserve yesterday finalized a rule that grants workers paid with payroll cards the protections of Reg E while allowing alternatives to sending monthly paper statements to all cardholders. "It was a very good compromise," Terry Maher, general counsel for the Network Branded ...
DIEBOLD COULD FACE LENGTHY SEC INQUIRY.(Securities and Exchange Commission)(Brief article)
Sep 01, 2006 ... The U.S. Securities and Exchange Commission's formal inquiry into Diebold Inc. suggests the firm faces a possibly lengthy, in-depth and companywide investigation, according to a report by CardLine sister publication ATM & Debit News. A formal inquiry gives SEC staff the power to subpoena ...
GAS CARDS POPULAR BUT IN FEW WALLETS.(Gasoline rebate credit cards)(Brief article)
Sep 01, 2006 ... Gasoline rebate credit cards have grabbed consumers' attention although relatively few have such cards in their wallets, according to a new survey from CardRatings.com, a consumer-oriented Web site that rates card offers. Nearly 70% of consumers responding to the survey said they knew gas ...
VISA EXPANDING CARDS FOR RENT.(property-management market)(Brief article)
Sep 01, 2006 ... Visa USA appears to be gaining ground in opening real estate rentals to card payments, reporting recently it had seen 154% growth in sales volume for the segment for the year ending in June. Jim Eitler, vice president, merchant relations, says virtually all of the largest 100 rental ...
SECURITY DEMANDS MAY THIN ATM RANKS.(Automated teller machines)(Brief article)
Sep 01, 2006 ... Retailers and independent sales organizations that own ATMs are spending about $500 per machine for upgrade kits that ensure the device meets Triple Data Encryption Standard, or Triple DES, requirements. MasterCard Worldwide wants all the ATMs on its network compliant with the standards by ...
HOME DEPOT, CITI HAMMER OUT TWO CARDS.(Home Depot generated fiscal 2005 revenues)(Brief article)
Sep 01, 2006 ... Home Depot Inc. and Citigroup introduced today two cobranded credit cards carrying the MasterCard brand. One card is for the weekend warrior fix-up guy, while the second card is for construction business owners. Cardholders earn two points for every dollar spent at Home Depot and its ...
BRIEFS.(named Erik Toivonen managing director of technology and marketing operations)(Brief article)
Sep 01, 2006 ... Barclays Bank Delaware named Erik Toivonen managing director of technology and marketing operations. ... CPI Card Group is the initial card manufacturer for the contactless card program from Wells Fargo. ... Radiant Systems Inc. point-of-sale software for convenience stores earned Visa's ...
PNC RETURNS TO CREDIT CARD ISSUING.(purchases and balance transfers for 12 months)(Brief article)
Sep 01, 2006 ... PNC Financial Services Group is launching its return to the credit card business with a 0% APR on purchases and balance transfers for 12 months, and a $50 credit with a first purchase. PNC intends to market the cards both to its current customers and to consumers in its footprint of eight ...
WESTERN UNION NAMES BOARD OF DIRECTORS.(five members to its board of directors )(Brief article)
Sep 01, 2006 ... Western Union Co., the money-transfer business, today named five members to its board of directors in anticipation of the company's spin-off from parent First Data Corp. Greenwood Village, Colo.-based First Data previously announced Jack M. Greenberg, retired chairman and CEO of McDonald's ...
ARRESTS MADE IN CANADIAN CARD NUMBER THEFTS.(counterfeit cards)(Brief article)
Sep 01, 2006 ... Seven Sri Lankan residents of the Toronto area have been arrested for allegedly illegally capturing credit and debit card numbers and debit PINs using readers in a Mississauga mall restaurant. A Toronto police spokesperson tells CardLine he does not know the exact method the thieves used ...
VISA'S ASIA REGION SEES 13% GROWTH:.(Visa Asia-Pacific)(financial report)(Brief article)
Sep 01, 2006 ... Visa Asia-Pacific announced Friday that international travelers to and within Asia spent US$6.8 billion on their Visa cards during the first quarter of this year, up 13% from the same period a year ago. The increase in spending stems from more travel and also an increase in the issuance of ...
KOTWAL NEW CHIEF OF EFUNDS INTERNATIONAL GROUP.
Sep 01, 2006 ... EFunds Corp. today named Shailesh Kotwal president of its international division, overseeing strategy, new products and growth. Kotwal most recently was with American Express Co. in New York as vice president and general manager of international insurance services. He has also worked for ...
CHICAGO BEGINS SELF SERVICE FOR VITAL RECORDS.(Cook County of Illinois installs kiosks from MontegoNet )(Brief article)
Sep 01, 2006 ... The second-largest county in the country has installed a credit card-accepting kiosk to speed the sale of birth, marriage and death certificates. The treasurer of Cook Co. Ill., home to the city of Chicago and about 5.4 million citizens, is using a kiosk from MontegoNet that allows ...
BRIEFS.(Dynamic Card Solutions)(Brief article)
Sep 01, 2006 ... DataCard Group and Dynamic Card Solutions have formed a joint marketing arrangement for instant card issuance, designating Dynamic's CardWizard technology as a DataCard preferred software system and DataCard as Dynamic's preferred provider of card-personalization services. ... Storm Lake, ...
BANKRUPTCY RATE THROUGH JUNE LOWEST SINCE 2001.( according to court system records)(Brief article)
Sep 01, 2006 ... Bankruptcy filings fell 9.3% during the 12 months ended June 30, the Administrative Office of the U.S. Courts reported late Monday. Bankruptcy cases filed in federal courts during the June quarter totaled 1,484,570, down from 1,637,254 cases filed during the 12 months ended June 30, 2005 ....
TNB BUYS CARD PORTFOLIOS.(purchased two credit union credit card portfolios)(Brief article)
Sep 01, 2006 ... Issuer TNB Card Services announced Monday that it has purchased two credit union credit card portfolios. The first seller was Sacramento, Calif.-based Vision One Credit Union with 2,072 members and assets of $29 million. Vision One offers memberships primarily to optometrists in California ...
DISCOVER LAUNCHES SMALL BUSINESS INDEX:.(soon-to-be launched Web site)(Brief article)
Sep 01, 2006 ... Card issuer Discover has launched Discover Small Business Watch, a monthly index that measures very small business owners' feelings about the economy. The index's results, which will posted on the soon-to-be launched Web site, is one of three surveys Discover is taking to gauge the ...
AMERICAN EXPRESS AND VERSATILE SIGN AGREEMENT.(licensing agreement with payment card manufacturer)(Brief article)
Sep 01, 2006 ... American Express Co. today announced that it has signed a licensing agreement with payment card manufacturer Versatile Card Technology. The agreement covers patents for the production of clear cards. Since the late 1990s, AmEx has been leveraging its patent and intellectual property ...
WINCOR WINS BANK BRANCH DEAL.(signed a deal with Benchmark Technology Group)(Brief article)
Sep 01, 2006 ... ATM manufacturer Wincor Nixdorf reported it has provided all 170 of the ATMs of Susquehanna Bancshares, a Lititz, Pa.-based bank with 167 branches. Wincor Nixdorf is providing ATM hardware, software, maintenance service and management of the monthly operating system updates. Earlier this ...
WITH MERGER NEARLY COMPLETE, GEMALTO EXEC READY TO ROLL.
Sep 01, 2006 ... The merger of the world's two largest smart card vendors, Gemplus International and Axalto, moved a step closer to completion last week, with most of the remaining shareholders of Gemplus agreeing to exchange their shares for an equivalent number of shares in the new company, Gemalto ....
BRIEFS.(Bank of America Merchant Services)(vice president of professional services)(Brief article)
Sep 01, 2006 ... The 41st Parameter named Michael Yakel vice president of professional services and David Britton, vice president of product management. ... Aaron Schneider was named vice president, sales, for Bank of America Merchant Services. ... Bank of America says its Keep the Change savings program ...
FIRST DATA NAMES STRUBBE PRESIDENT OF DEBIT SERVICES.(named Todd Strubbe president of First Data Debit Services)(Brief article)
Sep 01, 2006 ... First Data Corp. this morning named Todd Strubbe president of First Data Debit Services, replacing Debra Janssen, who left the company in June. Strubbe will oversee First Data's debit processing business, which includes the Star Network. He will report to David Bailis, president of First ...
CU CARD PORTFOLIO SALES STEADY IN FIRST HALF.(Brookwood Capital)(card programs during the first half of the year)(financial report)(Financial report)(Brief article)
Sep 01, 2006 ... Thirty credit unions with credit card portfolios with receivables of at least $1 million sold their card programs during the first half of the year, reports Brookwood Capital. That is down from the 39 portfolios with a combined $255 million in receivables sold during the same period a year ...
GAS COSTS FUEL DEMAND FOR ECOUNT CARDS.(prepaid card marketing firm report)(Brief article)
Sep 01, 2006 ... High fuel prices have pushed demand for Ecount Inc.'s prepaid Fuel Cards up 500% over last year, according to the Conshohocken, Pa.-based prepaid card marketing firm. Ecount sells the reloadable cards to companies as fleet cards or rewards and incentives for employees and customers. With ...
COMMUNITY BANKS SEEK CHANGE TO ONLINE GAMING BILL.(Independent Community Bankers of America battle against a bill proposed by United States House of Representatives )(Brief article)
Sep 01, 2006 ... The Independent Community Bankers of America is battling against a bill recently passed by the U.S. House of Representatives that would require financial institutions to monitor and block Internet gambling transactions initiated by check or electronically using the automated clearinghouse ...
CREDIT BUREAUS MAKE HAY AT SUMMER'S END.(credit bureaus and risk managers. Shareholders of British company )(Brief article)
Sep 01, 2006 ... The week has been a busy one for the country's major credit bureaus and risk managers. Shareholders of British company GUS PLC on Tuesday approved the splitting of the company, effectively spinning off Experian into a separate company whose stock will begin trading in London Oct. 11 ....
U.S. TROOPS USE EAGLECASH CARDS FOR $22 MILLION.(Brief article)
Sep 01, 2006 ... The U.S. Treasury Department says the U.S. Army has expanded the EagleCash stored value card program to 12 military bases in Iraq and Kuwait, and plans to issue EagleCash cards to soldiers in the U.S. before they deploy to those countries. The EagleCash smart cards allow soldiers to check ...
BRIEFS.(Processor United Bank Card)(Brief article)
Sep 01, 2006 ... Processor United Bank Card has certified the Hypercom Corp. Optimum T4100 payment terminal. ... Lodi, Calif.-based Pacific Financial Solutions Inc. has installed more than 1,000 of its "cashless ATM" devices that allow ...
CHASE TO BUY PIER 1'S PRIVATE-LABEL CARD PROGRAM.(customer-service support )(Brief article)
Sep 01, 2006 ... JPMorgan Chase & Co. announced yesterday plans to buy the private-label credit card operations of Pier 1 Imports Inc. for $155 million. The portfolio has nearly 1 million active accounts and outstandings of $140 million. As part of the deal Chase will provide customer-service support and ...
PAYMENTECH PROMOTES PCI TO LEVEL 4 MERCHANTS.(Chase Paymentech launches new program and service)(Brief article)
Sep 01, 2006 ... Chase Paymentech announced today it has begun a program targeting small- and medium- size merchants to ensure compliance with the Payment Card Industry Data Security Standard (PCI). The merchants, categorized as Level 4, are those that process less that 20,000 e-commerce transactions or ...
RETAILER PLANS TO BOOST NO-SIGNATURE LIMIT.(Meijer MasterCard)(Brief article)
Sep 01, 2006 ... Meijer, a Midwestern chain of supermarkets and gas stations, plans this fall to raise to $75 the amount a customer can buy with a Meijer MasterCard without signing a receipt, Michael Ross, director of marketing and customer financial services, tells CardLine. He says the 180-store chain ...
MASTERCARD COSTARS IN FAMILY PIC.(MasterCard International Inc. sponsors ABC Family Worldwide Inc.'s television movie 'Relative Chaos')(Brief article)
Sep 01, 2006 ... MasterCard Worldwide is the exclusive presenting sponsor for Relative Chaos, a made-for-TV movie scheduled to premier Sept. 4 at 9:00 pm Eastern Time on the ABC Family channel. The movie features several product placements of MasterCard cards with the plastic prominently displayed by major ...
WEB CALCULATOR HELPS STUDENTS COMPARE REWARDS.(launch of www.CreditCardClients.com)(Brief article)
Sep 01, 2006 ... A new Web site aims to make comparing college student rewards credit cards easier. A calculator on the recently launched www.CreditCardClients.com lets users choose from among 14 student rewards cards offered by issuers such as Discover, U.S. Bank, and JPMorgan Chase. By entering a ...
GEN Y PREFERS ATMS AND ONLINE BANKING; FUDDYDUDS VISIT BRANCHS.(echo boom generation's banking preference survey)(Brief article)
Sep 01, 2006 ... Younger consumers prefer banking online or through an ATM while older consumers prefer visiting at the local bank branch, according to a July survey from the American Bankers Association. When asked, "What banking method do you use most often?" nearly half of consumers 55 years old and ...
HARTFORD TEACHERS GET $25,000 IN PREPAID CARDS.(Brief article)
Sep 01, 2006 ... Prepaid card issuer Evolution Benefits Inc. today gave 82 stored valued cards loaded with a total of $25,000 to Hartford, Conn., school teachers, principals and staff as part of a pilot program at two of the city's schools. Mark Twain Elementary and Burr Elementary school teachers, ...
BRIEFS.(Co-op Financial Services)(Terry Laudick)
Sep 01, 2006 ... Co-op Financial Services named to its board Terry Laudick, president and CEO of New Mexico Educators Federal Credit Union, and Wendell "Bucky" Sebastian, president and CEO of GTE Federal Credit Union in Florida. ... Canadian retailer Hudson's Bay ...
VERIFONE REPORTS 10TH CONSECUTIVE QUARTER OF REVENUE GROWTH:.(Brief article)
Sep 08, 2006 ... VeriFone Holdings Inc. yesterday afternoon reported net income of $16.8 million for its fiscal third quarter ended July 31, up 158% from $6.5 million during the same period in fiscal 2005. Quarterly revenues year-to-year climbed 17%, to a company record $147.6 million from $125.7 million, ...
VISA ALERT WARNS ON STORING MAG-STRIPE DATA.(Brief article)
Sep 08, 2006 ... Visa USA this week issued a Data Security Alert focusing on security vulnerabilities caused by the storage of magnetic stripe data. The alert emphasizes that it violates Visa rules for merchants to store certain cardholder information contained on the mag-stripe and gathered when a card is ...
THE WAY WE WERE, BEFORE YOU STOLE MY CARD ...(Brief article)
Sep 08, 2006 ... Ticketmaster has invalidated more than 1,000 tickets to upcoming Barbra Streisand concerts because they were purchased using hundreds of stolen credit card numbers. A Ticketmaster spokesperson tells CardLine that the card thieves purchased all of the tickets from Ticketmaster's Web site ....
GROWTH OVER FOR ATMS IN THE U.S., MUCH OF EUROPE?(Brief article)
Sep 08, 2006 ... Both the United States and Western Europe seem to be nearing ATM saturation points with slow deployment growth in 2005, according to data from Retail Banking Research Ltd. and CardLine sister publication ATM&Debit News. Retail Banking says Western Europe experienced a 4% increase in ...
ANALYST PREDICTS GROWTH IN CONTACTLESS PAYMENTS.(Brief article)
Sep 08, 2006 ... In a report she calls "optimistic," analyst Ariana-Michele Moore of research firm Celent predicts by 2011 contactless payment cards and devices will account for 15% of sales in eight merchant segments where speed and convenience are key. Today, Moore tells CardLine, "no more than 1%" of ...
ZOPA PLANS U.S. LAUNCH.(Brief article)
Sep 08, 2006 ... Zopa, the United Kingdom-based person-to-person lending marketplace provider, plans to launch a U.S. version before the end of this year, Wade Lagrone, vice president of U.S. marketing, tells CardLine sister publication CardLine Europe. "We have 90,500 active members since we launched in ...
BRIEFS.
Sep 08, 2006 ... Acxiom Corp. expects a 6-cent to 7-cent per share reduction in its previously announced earnings for fiscal 2007. ... Network provider New Edge Networks earned validation by Visa USA for complying with the Payment Card Industry security standard. Vancouver, Wash.-based New Edge is a ...
MASTERCARD PLANS INTERCHANGE OPENNESS AND A CAP ON GAS PURCHASES.
Sep 08, 2006 ... MasterCard Worldwide reported today it will announce by Nov. 1 interchange rates that will apply to all U.S. merchants, and that it plans to implement next year a cap on interchange fees on fuel purchases at gas stations. MasterCard has disclosed its interchange fees previously to its ...
SURCHARGE RULE BENT AS VISA, MASTERCARD LOOK ON.(Brief article)
Sep 08, 2006 ... Puerto Rico is allowing gas station owners to apply a surcharge to certain credit card purchases in a 90-day test, despite a ban on surcharges by Visa USA and MasterCard Worldwide. However, it isn't clear if the surcharge ban applies to the regional divisions of the two networks. The ...
RBS STOPS SENDING CARD CHECKS IN THE UK.(Royal Bank of Scotland)(Brief article)
Sep 08, 2006 ... The decision by the Royal Bank of Scotland to stop issuing credit card checks is drawing praise from a United Kingdom-based consumer advocacy group. "We think it's a great move; we think it's meaningful," Nick White, uSwitch Ltd.'s head of personal finance, tells CardLine sister ...
DIEBOLD MOVES WORLDWIDE LEADERS.(Diebold Inc.,Chen, James L.M.,Jr, Joao Abud)(Brief article)
Sep 08, 2006 ... Diebold Inc. reported today expanded management duties for James L.M. Chen and Joao Abud Jr., the retirement of Michael J. Hillock, and that Henrik Funch will leave the company at the end of the year. Hillock, president of international operations will retire on Dec. 31. Chen will be ...
PATENT LAWSUIT SETTLED OVER CASINO CASH MACHINE.
Sep 08, 2006 ... Global Cash Access Inc., the Las Vegas-based casino ATM operator, reported last week the settlement of patent suits and countersuits with U.S. Bank and Fidelity National Information Services. The cases centered on software technology that allows cardholders to make debit and credit ...
NEW NACHA BUSINESS CHECK RULES BEGIN SOON.(National Automated Clearing House Association)(Brief article)
Sep 08, 2006 ... Beginning Sept. 15, new NACHA rules will allow merchants and other billers to convert most paper business checks for less than $25,000 into automated clearing house transactions. At least one payments executive expects a smooth transition. NACHA's old rules prohibited conversion of any ...
WACHOVIA BLASE ABOUT BOFA CARDS.(Wachovia Corp,Bank of America Corp.)(Interview)(Brief article)
Sep 08, 2006 ... Wachovia Corp. has no regrets over selling its credit card portfolio in 2000, nor is it wringing its hands that rival Bank of America bought MBNA Corp., Ken Thompson, Wachovia chairman and CEO, told the bank's hometown newspaper recently. In an interview with The Charlotte Observer, ...
BRIEFS.(Brief article)
Sep 08, 2006 ... Independent sales organization Nxgen Payment Services named Bill Ryken vice president of business development. ... Family-owned grocer Lowe's Pay and Save Inc. is using Pay by Touch's fingerprint-biometric check-cashing service in 78 stores in Texas and New Mexico. ... Western Union agreed ...
ATLANTA NFC TRIAL A WINNER, SAY CONTRIBUTORS.(Near Field Communication (NFC) technology,Atlanta Spirit)(Brief article)
Sep 08, 2006 ... The high-powered backers of a fledging technology that lets consumers use mobile phones for contactless payments and information downloads said today they were pleased with the results of an Atlanta trial of the technology. The participants included Visa USA, JPMorgan Chase & Co., Cingular ...
NY GIANTS TO TRY FLICK OF THE WRIST PAYPASS PLAY ON SUNDAY.(New York Giants vs. Indianapolis Colts football game)(Brief article)
Sep 08, 2006 ... MasterCard Worldwide is going for a touchdown on Sunday, giving away an elastic wristband enabled with its PayPass contactless payment system and loaded with $25 to the first 5,000 fans at the New York Giants vs. Indianapolis Colts football game on Sept. 10 at Giants Stadium in East ...
'NEW' FIRST DATA SET TO EMERGE, SAYS DUQUES.(Duques, Ric,First Data Corp.)(Interview)(Brief article)
Sep 08, 2006 ... Once First Data Corp. completes its spin off of Western Union, a "new" First Data will emerge focused less on consumer markets and more on meeting the needs of merchants and merchant acquirers, Ric Duques, First Data chairman and CEO, tells CardLine sister publication Cards&Payments ....
OUTSIDE TAX COLLECTORS PLEDGE TO DO IT RIGHT FOR THE IRS.
Sep 08, 2006 ... The Internal Revenue Service's decision to outsource a small fraction of its overdue tax collections starting tomorrow stirred up a storm of controversy, but two of the three firms holding IRS contracts express confidence in their skills and in the program's success. Executives tell ...
FIRST DATA LAUNCHES HEALTH CARE PAYMENTS WITH UMB, LIGHTHOUSE.(First Data Corp.,UMB Healthcare Services,Lighthouse 1)(Brief article)
Sep 08, 2006 ... First Data Corp.'s Healthcare Services unit will launch a health-benefits payment card program with Lighthouse 1, a Minneapolis-based provider of administration services and software for health savings accounts, flexible spending accounts and other card-based employee-benefits programs ...
IOWA AG WARNS AGAINST TOO MANY CREDIT CARDS.(Iowa attorney general's office)(Brief article)
Sep 08, 2006 ... The Iowa attorney general's office is telling consumers to "use a minimum number of credit cards to lower the danger of unwittingly falling into expensive credit card debt." That statement comes in a consumer advisory the office issued in August. Debra Moore, executive officer in the ...
FIFTH THIRD GROWS FEDERATED DEAL, SIGNS TWO MORE CLIENTS.(Fifth Third Bancorp.,Federated Department Stores Inc)(Brief article)
Sep 08, 2006 ... Fifth Third Processing Solutions announced today two new clients and the expansion of a relationship with a third client. Fifth Third will provide credit and debit card processing for Federated Department Stores, having previously worked for May Department Stores. Federated bought May in ...
Appointments of senior Executives at GE Money, Wachovia Bank, Asta Funding.(Edmundo Vallego, Jeff Chittenden, Rob Knight)
Sep 08, 2006 ... Wachovia Bank named Jeff Chittenden chief operating officer, credit card services. ... GE Money named Edmundo Vallejo president and CEO of its Latin American operations. ... The Michigan Credit Union League is marketing to its members the debit card services of Co-Op Financial Services in ...
CHASE TOSSES TAPES WITH 2.6 MILLION CARD ACCOUNTS.(J.P. Morgan Chase and Co. (New York, New York))(Brief article)
Sep 08, 2006 ... JPMorgan Chase announced this morning that its Card Services division threw out computer tapes that held personal information on 2.6 million current and former Circuit City card account holders. Chase said it believes the tapes were "compacted, destroyed and buried in a landfill." Chase ...
PCI COUNCIL LAUNCHED, BEST PRACTICES RELEASED.(Payment Card Industry)
Sep 08, 2006 ... Five major card networks announced today the much-anticipated founding of a formal council to oversee the Payment Card Industry Data Security Standard. The PCI Security Standards Council LLC will be made up of one representative each from American Express, Discover Financial Services, JCB, ...
CHASE SAYS HUMAN ERROR CAUSED CARD LOSS, INVESTIGATION CLOSED.(Brief article)
Sep 08, 2006 ... JPMorgan Chase discovered during a security audit in July it had lost a lock box containing tapes with information on 2.6 million current and former Circuit City card account holders, Paul Hartwick, senior vice president of business affairs, Chase Card Services, tells CardLine today. Chase ...
VERIFONE RARING TO GO WITH LIPMAN PURCHASE.(VeriFone Holdings Inc.)(Lipman Electronic Engineering Ltd.)(Brief article)
Sep 08, 2006 ... VeriFone Holdings Inc. has already integrated much of Lipman Electronic Engineering Ltd. into its own operations in preparation for the planned Nov. 1 close on its purchase of the Israel-based terminal maker, William Atkinson, VeriFone executive vice president, tells CardLine. "We will ...
US BANK NAMES COLL CHIEF OF RETAIL PAYMENTS.(Patrick Coll,U.S. Bank N.A. (Minneapolis, Minnesota))(Brief article)
Sep 08, 2006 ... U.S. Bank yesterday named Patrick Coll executive vice president of retail payments, overseeing consumer credit, debit, stored value and prepaid cards. Coll will establish U.S. Bank's Payment Services group in Philadelphia where he was chairman and CEO of Fleet Bank Credit Card Services ....
MASTERCARD UNVEILS PLATFORM FOR THE ELITE ...(Brief article)
Sep 08, 2006 ... Hoping to compete with American Express Platinum, MasterCard Worldwide today announced the World Elite card platform designed to address the needs of the more than 11 million consumers with annual household incomes of $250,000 or more. Wendy Murdock, MasterCard chief product officer, says ...