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Here is the latest on credit card concepts

February 9th, 2006

It did not seem so long ago that the plastic credit card was new and innovative. Some creditors are looking to revamp it so that the consumer can spend less time at cash registers. Like anything new, it does bring forward questions about safety and spending habits.

Chase wants you to ‘Blink’, MasterCard wants you to ‘Tap and Go’ and American Express wants you to ExpressPay. What does all this mean for you?

It means that you can have incremental time saved when making purchases. The retailer may lose sales if the lines are too long or too slow. Proponents say it will save time for consumers and could make money for merchants.

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