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Second VISA Buxx (9/15/00)
FULL STORY:
The new prepaid VISA card for teenagers picked up a second issuer this week.
Bank of America is releasing its version of VISA Buxx. The BofA VISA Buxx Card
also features gift certificates redeemable at specified merchants who have
joined the program. Certain merchants have agreed to offer additional discounts
and other incentives throughout the year when customers pay with a VISA Buxx
Card. VISA announced the development of the parent-controlled, re-loadable
payment card in August. Parents are able to monitor how much money their teen
spends by viewing current or past account statements on the VISA Buxx website
or by a toll-free number that details where and when purchases were made. The
teen's name is embossed on the card, and all materials are mailed directly to
the parents' address. U.S. Bancorp became the first VISA Buxx issuer with the
release of its card on Aug. 21. Parents can sign up for a Bank of America Buxx
card by visiting
www.bankofamerica.com/visabuxx .
Parents can apply for a U.S. Bank VISA Buxx card for their teen at
http//www.usbank.com/visabuxx. Parents can
apply for the card, load funds on the card and track teen spending entirely
through the Internet at www.visabuxx.com.
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