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Connecticut restricts credit card marketing on campuses

Tuesday, July 14, 2009

Connecticut has joined several other states that are seeking to restrict or forbid credit card marketing activities on campus. Gov. M. Jodi Rell signed legislation that sets strict parameters for credit card companies as to when, where and how they can market to students.

The law also orders the Board of Governors of Higher Education to create a new policy by Jan. 1, 2010, to force credit companies to register with state colleges and universities.


It prevents companies from signing up students for credit cards during orientation and class registration and forces companies to give educational materials on how to retain good credit ratings. The law also bans companies from giveaways at sports events and prevents educational institutions from giving the names and addresses of students to credit card companies.

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Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011.

Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and mobile payments road map.

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Fox News Business has taken a look at university IDs that also double as prepaid cards. Fox dubs the prepaid aspect as “the latest twist on a long tradition of college campus ID cards serving a dual financial purpose.”

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Credit Agricole, a retail banking group based in Paris, is teaming up with Gemalto to launch a large-scale deployment of contactless EMV banking cards in France.

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Florida students have more payment options thanks to wireless WaveRiders

A new laundry payment and management system at the University of Florida accepts the GatorOne campus ID card as well as credit and debit cards.

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Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

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Cheshire Integrated Transport Services teamed up with Applied Card Technologies (ACT) and sQuid to expand a UK smart card offering to the West Cheshire College and Chester College campuses.

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