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VISA Buxx III (9/22/00)
FULL STORY:
The new VISA teen card has picked up another player. Ohio-based National City
Corporation became the third issuer to offer the new VISA Buxx card. Two weeks
ago Bank of America became the second issuer to offer the new prepaid VISA card
for teenagers. 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 August 21. Parents and guardians
can enroll for a National City VISA Buxx card for their teen at
www.nc.visabuxx.com . The enrollment
includes a financial skills assessment which parents acknowledge they will
administer to their teen to begin the education process about responsible
spending.
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