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PayPass Cards Hit Atlanta

BY CSA STAFF

Wilmington, Del., MBNA has begun issuing credit cards that feature MasterCard PayPass contactless payment technology to its new and existing customers in Atlanta, with customers in additional markets to follow in the coming months, the bank said today.

PayPass integrates a radio-frequency chip and antennae in the card plastic. The technology allows the customer to tap her card on specially equipped merchant terminals to pay. “We’re always looking for new ways to make everyday life easier for MBNA customers,” said MBNA group executive David Turner.

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Fitch Upgrades J.C. Penney

BY CSA STAFF

New York City, Good news for J.C. Penney: Fitch Ratings raised its rating of Penney’s senior unsecured debt to “BBB-,” from “BB-plus.” The new rating is the lowest investment grade rank. “The upgrade also reflects the expectation that [J.C.] Penney will make continued progress with its turnaround over the medium term while further reducing debt levels,” Fitch said.

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Playboy Enterprises Opens Overseas Boutiques

BY CSA STAFF

New York City, Hong Kong and Kuala Lumpur will both have freestanding Playboy Concept Boutiques by the end of this year. These will be the fourth and fifth locations for the concept, selling full collections of Playboy fashion and accessories.

The openings will leverage Playboy’s expansion at retail in specialty stores and department stores in the United States, Asia and Europe. Among the stores currently carrying Playboy items are Henri Bendel in New York, Selfridges in London, Colette in Paris and Seibu in Hong Kong.

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