China model to promote plastic

A staff REPORTER

Calcutta, May 3: To advance the usage of plastic money, the Modesty Depository Financial Institution of Republic Of India is put to establish an IndiaPay card modelled on the People'S Republic Of China UnionPay card.

“The primary purpose is to advance the usage of card game among people. Making this card people-friendly volition assist us accomplish this. The card will be modelled on its Chinese counterpart, but the exact type (whether it will be a smart card or not) will be decided by the National Payment Council of India,” said R.B. Barman, executive manager director of the Modesty Depository Financial Institution of India.

China introduced its UnionPay card in 2002. It is a domestic recognition card arrangement and its web consists 14 major and many other littler Banks with over 85,000 ATMs. Almost all UnionPay Recognition Card Game are also affiliated with either MasterCard or visa and they can be used abroad as a regular Mastercard or VISA.

In India, the card will be low-cost with low involvement rates and hazard decrease methods. The National Payment Council of Republic Of India is in the procedure of getting registered.

New AAA Credit Card Offers Cash Back With No Annual Limits on Rewards

LOS ANGELES, CA -- (MARKET WIRE)
-- May 31, 2007 -- The Automobile Club of Southern California is introducing a new credit card that will allow users to earn 1% cash back on all their purchases, with no annual limits on cash rebates and no annual fee.

"Our members have overwhelmingly indicated to us that cash rebates are the preferred type of credit card reward," said Wendy Sabins, senior vice president for marketing products and services. "Cardholders will earn one point for every dollar spent on net retail purchases using the AAA Cash Rewards MasterCard® credit card and will be eligible to redeem their first reward, after collecting 2,500 points."

The AAA Cash Rewards credit card will give cardholders cash back for their everyday purchases including grocery store, restaurant and gasoline purchases; providing members with multiple options to save money as they accumulate points on everything they buy.

Members may obtain applications for the AAA Cash Rewards MasterCard credit card, provided by Bank of America, in all 75 Auto Club offices throughout Southern California, or members can apply by calling (800) 545-7899 and providing the priority code: FABCKT.

The Auto Club will continue to offer its AAA Gas Rebate Visa® credit card, which provides monthly cash rebates of up to 5 percent on all gasoline purchases made at the pump with the credit card. AAA Gas Rebate Visa cardholders have the option to keep their current credit card, request the Cash Rewards credit card and use both cards, or request the Cash Rewards credit card only.

The Automobile Club of Southern California, the largest member of the AAA federation of motor clubs, has been serving Southern California since 1900. Today, the Auto Club's members benefit by roadside assistance, insurance products and services, travel agency, AAA credit cards, automotive pricing and buying programs, automotive testing and analysis, trip planning services and highway and transportation safety programs. Information about these products and services is available on the Auto Club's Web site at .

For information about the rates, fees, other costs, and benefits associated with the use of this credit card, visit AAA.com/CREDITCARD or call 800.545.7899. The Auto Club Credit Card is issued and administered by FIA Card Services, N.A. The 5% rebate for total gasoline purchases paid for at the pump during a billing cycle is capped at 2% of your total retail purchase transactions made during the same billing cycle. Additional terms apply. MasterCard is a federally registered service mark of MasterCard International Inc., and is used by the issuer pursuant to license. Visa is a registered trademark of Visa International Service Association, and is used by the issuer pursuant to license from Visa U.S.A. Inc. Bank of America is a registered trademark of Bank of America Corporation.