Word: bankamericards
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Dates: during 1970-1979
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...scene is the ragtag headquarters of a Boston underground paper. A staffer takes a kinky sex ad for the personal column over the phone, then politely asks the caller whether he wants to pay by BankAmericard or Master Charge. Question: With credit policies like that, how underground can the paper or its readers really...
...proceed to the casino to pick up chips on credit. Although prostitution used to be the quintessential cash-in-advance business, the Cottontail Ranch, a legal brothel between Las Vegas and Reno, posts signs over each of its beds advertising its willingness to take Diners Club, Master Charge or BankAmericard. Some of New York's "massage parlors" accept credit cards too -discreetly billing customers in the name of nearby restaurants that for a fee let the parlors use their card imprinters and sales-draft forms...
...bank went so far as to pull the bar's BankAmericard, then restored it upon discovering that a written agreement authorizing it was in existence...
...Cynthia E. Harrison, a New Jersey woman, was turned down by Chase Manhattan Bank for a BankAmericard although she maintained a considerable balance in a savings account. Just two weeks later she got a form letter from the bank addressed to a sexually unidentifiable "C.E." Harrison, who was greeted as "Dear Preferred Customer" and offered a card...
Deadbeats. BankAmericard and Master Charge report that the number of delinquent accounts has risen to more than 5% of their membership totals, up almost a percentage point from a year ago. Thus member banks are reviewing applications more closely before issuing cards and making more use of bounty hunters to collect delinquent accounts The number of deadbeats that the National Credit Card Recovery Bureau is looking for has jumped 60% in the past six months. Says President Joseph C. Stewart Jr.: "Some accounts are $15,000 in arrears, and they are driving us wild trying to catch them...