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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (59416)4/25/2006 9:18:16 AM
From: Oblomov  Read Replies (1) | Respond to of 110194
 
the pieces of the grand conspiracy are falling into place:

amazon.com



To: Elroy Jetson who wrote (59416)4/25/2006 9:55:46 AM
From: shades  Respond to of 110194
 
Bank of New York Launches Payroll Card Program

(more smart cards - less gold coins)

Dow Jones Newswires

Bank of New York Co. (BK), a provider of treasury management services, Tuesday announced the launch of its MasterCard-branded, stored-value payroll card.

The card allows employers to reduce processing costs and boost employee benefits by replacing paper paychecks with payroll cards.

The payroll card enables employees with direct-deposit to automatically channel all or a portion of their pay to a card while providing employees without checking accounts access to their funds.

The payroll card reduces employers' check processing and distribution costs, while strengthening their employee benefits offerings since it provides nationwide access to funds via ATMs, and can be used to make purchases from merchants that accept MasterCard.

Shares of Bank of New York (BK) rose 7 cents in early Tuesday trade to $34.05.

-Kathie O'Donnell; 415-439-6456; AskNewswires@dowjones.com


(END) Dow Jones Newswires

April 25, 2006 09:52 ET (13:52 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 09 52 AM EDT 04-25-06