Word: banke
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Dates: during 1960-1969
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...doubt that the cashless society is only a credit card away should have visited Ohio State University last week. There, with all the aplomb of executives signing for an expense-account lunch, student after student stepped up to the bursar's desk during registration, pulled out a shiny Bank-Americard and announced: "I'd like to charge it on my credit card, please...
College-by-credit-card is backed by Columbus' City National Bank, which in 1966 became the first bank in the state to offer a major credit card. So far, 150 students have signed on the line, and the bankers expect that more than 4,000 will be using cards to pay for tuition or room and board at Ohio State before the year is out. The idea is likely to spread. It has already taken hold in California, where students at Stanford, San Jose State and throughout the University of California extension system have charged their education...
...Coop is essentially in the cash business now," said acting Coop manager Al Zavelle. "If a member buys something for $10, the bank immediately credits our account with $10," he said...
...bank will now charge customers one and a half per cent interest per month on overdue bills, Zavelle said. The Coop was about to adopt such a charge anyway, he added...
...Coop had been losing about six per cent in its charge business, while the bank will now charge only two per cent for the service. "For the first time, we have a good reason for the two per cent difference between the cash and charge rebates," Zavelle said...