Interra Project Proposes Credit Card to Benefit Local Economies

interra.jpgI find myself often lamenting the corporate-brand takeover of the world. Sure, there’s something be said for economies of scale and convenience, but when every town in the world is dominated by the same six chain stores, it takes away from what’s interesting in life – and arguably undermines the strength of local economies. Aside from legislation, the only way to combat it is by “voting with dollars”.
A new project called “Interra” has been started by the founders of Visa International and Odwalla to add data to credit card transactions which rewards people for shopping locally or at shops that meet certain criteria. I’m not sure exactly how the criteria are decided, nor how the whole thing works logistically, but it sound’s really cool!

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.