Word: debits
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Some ventures encourage saving for your child's college education. BabyMint.com lists about 200 retailers that rebate money into either a Coverdell Educational Savings Account or a state 529 college savings plan. At Upromise.com you get cash back into a 529 by registering credit, debit and grocery-club cards and then spending both online and at brick-and-mortar stores. At EdExpress.com you can save for any education costs--not just college--but you are charged a $24.95 fee annually. No kids? NestEggz.com funnels rebated money into a mutual fund, individual retirement account or money market...
Crimson Cash, the Harvard ID card debit system that can be used to pay for laundry machines, library copiers and food at 18 Square eateries, has received six new feature enhancements in recent weeks...
...INDICATORS Plastic Fantastic Purchases by credit and debit cards in Britain will this year total $500 billion, overtaking cash transactions for the first time...
According to Sabounjian, the machine at Broadway Market takes about 10 to 15 seconds to process a sale, compared to about eight seconds for other credit or debit cards—a small difference, but one that adds up when the line is long...
...have such money-management tools. "It introduces a lot of people to banking who haven't been introduced to banking before," says Sam Austin, UHaul's payroll manager. Some advocates are worried that there aren't consumer-protection laws for payroll-card holders similar to those for people with debit or credit cards. But given the compelling efficiency of the technology, it is a relationship employees will have to get used to, if they want to get paid...