MasterCard and Texas-based Town North Bank/TNB Card Services have teamed to offer, next year, an account that connects all the members of a family to one credit line. The primary cardholder of the new "MasterCard Family Account" determines who in the family, including children, receives a card and assigns a spending limit to each individual cardholder. Spending limits can be customized to meet the needs of each family member and may be adjusted at any time. An individual account number is issued for every card. All transactions are summarized on a single account statement that is sent to the primary cardholder every month. MasterCard says the new program will help tap into the $627 billion in household purchases globally that influenced by consumers in their teens and early twenties. Over 80% of this spending is cash. MasterCard also says a recent survey found that 82% of parents liked the "MasterCard Family Account" as a safety net in case of emergencies. For more information visit:
www.tnbcard.com.
MasterCard and Texas-based Town North Bank/TNB Card Services have teamed to offer, next year, an account that connects all the members of a family to one credit line. The primary cardholder of the new "MasterCard Family Account" determines who in the family, including children, receives a card and assigns a spending limit to each individual cardholder. Spending limits can be customized to meet the needs of each family member and may be adjusted at any time. An individual account number is issued for every card. All transactions are summarized on a single account statement that is sent to the primary cardholder every month. MasterCard says the new program will help tap into the $627 billion in household purchases globally that influenced by consumers in their teens and early twenties. Over 80% of this spending is cash. MasterCard also says a recent survey found that 82% of parents liked the "MasterCard Family Account" as a safety net in case of emergencies. For more information visit: