Credit Card Management

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That durable plastic.(EDITOR'S NOTE)
May 1, 2005 ... A couple months ago, my wristwatch stopped working. While that in itself was not a big event, the timing was quite ironic. The watch broke the same week Timex and ExxonMobil announced they were discontinuing a test in which they were selling...

Poised for independence: Morgan Stanley announces plans to spin off its Discover Financial Services unit. But could a potential buyer also make a play for the issuer of the Discover card?(CARD WATCH)
May 1, 2005 ... Morgan Stanley's decision in April to spin off Discover Financial Services, issuer of the Discover card, caused some industry observers to believe Morgan Stanley also would be willing to discuss a sale of the unit to prospective buyers. And...

Time expiring for Speedpass? Timex and Exxon Mobil have stopped offering watches with built-in Speedpass transponders. What hope for success do other contactless payment systems have?(CARD WATCH)
May 1, 2005 ... Timex Corp. may be known for making watches "that keep on ticking," but it won't be making any again soon that keep on paying. Timex and Exxon Mobil Corp. as of the end of March stopped promoting and selling Timex watches with built-in...

Early exit: two top Hypercom officials have resigned after a rough year. Will the firm's new product line be the company's salvation?(CARD WATCH)(Christopher S. Alexander, John Smolak)
May 1, 2005 ... A tough year for Hypercom Corp. led to the early retirement of its chief executive, Christopher S. Alexander, on March 31. The sudden resignation came just days after John Smolak, Hypercom's chief financial and administrative officer,...

Pulling back on prepaid: some financial institutions are struggling to determine where prepaid debit fits into their marketing strategies. What once was viewed as a vehicle to help cross-sell other products and services may not be accomplishing that goal.(DEBIT CARD REPORT)
May 1, 2005 ... Bank of America Corp., the nation's largest issuer of debit cards tied to demand-deposit accounts, also has been one of the leading issuers of Visa-branded prepaid debit cards. The Charlotte, N.C.-based bank, however, is cooling on the...