Word: carding
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...employee Charles | Lewis was selling drugs from his room in a downtown hotel were about to attempt an undercover drug purchase, but they abruptly departed after being informed that the mayor was visiting the suspect. A subsequent search by police of Lewis' room, which was billed to the credit card of a Barry aide, revealed traces of cocaine, though investigators could not determine how long the drugs had been there...
...revenue from one of their most expensive options: collision insurance. Until recently many car-rental customers paid as much as $13 a day for so-called collision-damage waivers to protect themselves against liability for any repair costs in case their vehicles were damaged. But many major credit-card companies now offer such coverage to their cardholders at no cost whenever they charge a rental. As a result, more and more consumers decline the pricey waivers. In the most sweeping move so far, American Express began offering the collision coverage last week to its more than 11 million green-card...
...revenues from them go toward repairing vehicles. But now at least some car-rental executives concede that the CDW has been a money-maker all along. The Hertz rate increase, says Russo, is "primarily designed to take care of the revenue loss" that will follow American Express green-card coverage...
...growing resentment against CDWs created a marketing opportunity for credit-card firms, which concluded that such coverage would be so inexpensive that they could offer it free. (The credit-card coverage is typically supplement insurance, which pays damages if other policies cannot be tapped.) American Express began providing the coverage in November 1987 to its gold- and platinum-card holders. Last year MasterCard and Visa did the same for their premium customers, but they have not yet done so for regular cardholders...
...Housing and Urban Development and the U.S. prison system, 45 inmates at the Federal Correctional Institution in Lexington, Ky., were set to work entering data from thousands of applications for FHA insurance into a computer. But Beverly Hirsch, 36, who is serving a 40-year sentence for credit-card and check fraud, was surprised to see that some forms carried not only information on applicants' income and debts, but their bank-account and credit-card numbers as well. "The information they were giving me in here was what I worked pretty hard on the outside to get," says she. Concerned...