New $100 Bill to Enter Circulation: 5 Things to Know for the Week

Simon Zhen

By , Staff Writer
Posted on Mon Oct 7, 2013, Last Updated on Tue Jul 15, 2014

More Columns »

New $100 Bill to Enter Circulation: 5 Things to Know for the Week

New $100 Bill source

Originally revealed in 2010, the new design for the $100 bill was postponed due to a production delay. But, the new note is finally arriving — don’t be surprised when the bank or ATM hands you one of these new $100 bills. The Federal Reserve has introduced new security features that would make it more difficult to counterfeit. 

  • Adobe, the company known for creative software such as Photoshop and InDesign, confirmed that personal and financial information of 2.9 million customers have been compromised. The information in danger includes names, encrypted debit and credit card numbers, expiration dates and other data relating to customer orders. Adobe said there is no evidence that credit card numbers were stolen.
  • On Tuesday, the Federal Reserve will release the new $100 bill into circulation. The new note has improved security features such as a 3D security ribbon, a portrait watermark, raised printing, color-shifting “100” graphic and more. All existing $100 bills remain legal tender but banks will make an effort to return these older bills to the Federal Reserve.
  • A bill has been passed by the House to retroactively pay furloughed federal workers when the government reopens. Essentially, furloughed workers are receiving a “paid vacation.” President Obama has been in favor of such a measure. However, there is no indication of how or when the Senate will vote on the bill.
  • On Thursday, Discover will discontinue its Money Messenger service, which lets credit card customers send money to other people with no fees. The service is offered in partnership with PayPal — recipients of these payments must have or sign up for a PayPal account. Discover cardmembers earn cash back on these payments.
  • Providers of card-linked offers have formed an association that will allow companies to promote interoperable card-linked offers. Called the CardLinx Association, it includes partners such as Bank of America, Discover, Facebook, Microsoft and others. The collaborative initiative is expected to simplify the way that consumers currently use card-linked offers.
 

Post a Comment