RegardingID Archive | New Jersey seeks to regulate on-campus credit card solicitations

Tuesday, February 3, 2009

A New Jersey state senator has introduced a bill that would regulate credit card solicitations on college campuses, including requiring issuers to register with the institution and, if allowed to solicit, to also offer educational programs on the responsible use of credit cards.

The bill would also prohibit credit card companies from using so-called promotional gimmicks to get students to sign up, from issuing a credit card to a student without a certificate that the student completed the credit education course and from purchasing or otherwise obtaining the names and addresses of enrolled students from the college. The bill has already been approved by one committee.

New Jersey Transit’s use of NFC payments with Google Wallet has been an “overwhelming and resounding success,” according to NJ Transit spokesman John Durson.

Introduced on the NJ Transit network in October 2011, Google Wallet enables riders to purchase tickets with the tap of an NFC-enabled phone at New York Penn Station, Newark Liberty Airport’s rail station and on 7 city bus lines.

CardSmith, Apriva partner to produce wireless payment solutions

CardSmith and wireless transactions provider Apriva, Scottsdale, Ariz., have entered into a strategic partnership to deliver a secure, mobile payment system integrated with CardSmith’s campus card platform.

Computer server at University of Maine hacked

Social Security numbers and credit card information of 2,818 users of a University of Maine computer server may have fallen into the hands of hackers, according to university officials.

Arkansas State teams with Discover for new campus ID

Arkansas State University, Jonesboro, has partnered with the Discover Money Network to enable students to open an account with the university’s Student Account Services. It would be separate from their school account and can be used anywhere Discover cards are accepted.

Northwestern drops outdated payment system

Northwestern University is eliminating what it calls “an antiquated system” with the discontinuance of its CashStripe program, which students use to transfer cash to their WildCARD to pay for print jobs and buy products from select vending machines.

U.S. Bank rolls out campus ID, prepaid MasterCard at Michigan community college

U.S. Bank and Oakland Community College, Bloomfield Hills, Mich., have launched a combined campus ID and prepaid MasterCard program for the school’s 78,000 students and 788 staff members.

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New Jersey seeks to regulate on-campus credit card solicitations