CoD Points:

CoD Points are a new major feature of Black Ops. CoD Points will become the new in-game currency and will allow players to buy weapons, attachments, and Contracts. In addition to this, players are also allowed to wager these points in certain game modes.


Contracts:

Contracts are a new system in addition to the classic challenge system in Black Ops. A player is able to buy a contract with CoD Points, which will then direct them to complete an object. Completion of a contract will yield a higher CoD point payout than what was originally paid for the contract itself.

Wager Matches:

A new mode with a separate ranking structure than the standard online modes, will allow players to gamble with their money. However, only the top three will receive the prize. They will be placed into one of four random modes:
One in the Chamber - each player is given a pistol with one bullet and a knife. For each kill achieved the player will receive one more bullet. However, each player will only have three lives.

Sharpshooter - each player is given the same random weapon. The weapon will be used for 45 seconds before being switched out for another one. Kills will award the player with perks and score multipliers.

Sticks and Stones - each player receives only a crossbow, ballistic knife, and a Tomahawk. The catch in this gamemode is that if the player was able to hit an enemy with a Tomahawk, the enemy player will go "bankrupted".

Gun Game - players start out with a pistol. For each kill they move up a level, granting them a better gun. First person to achieve kills with all 20 weapons wins. However, someone who is knifed will move down a level.

Face paint:

You can unlock the Face-paint option when you have reached level 31. Like weapons and attachments, face-paint will be unlocked with CoD Points, each costing 500 Points. There are a total of 21 face-paint patterns.

The known face-paint schemes are:

Clean (default scheme)
Stalker
Crom
Highlander
Sidewinder
Mantis
Militia
Apache
Sandman
Zulu
Blitz
Commando
Tundra
Banshee
Dutch
Ranger
Smoke
Black Widow
Death
Reaper
Jester (No this is not fake) Heres a screenshot of this one: [ Register or Signin to view external links. ]
Dragon
Lion
Demon
Spider