Word: chargees
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Dates: during 1970-1979
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Although the Justice Department could conceivably charge Martin with violating the U.S. Code for "gathering, transmitting or losing defense information," it probably will not. The FBI'S conclusion: the case against the careless diplomat should be dropped. ∎
Bringing more-and cheaper-services for charge-it customers
Rebates. Visa, which with nearly 60 million holders has overtaken the longtime leader in the field of multipurpose cards, Master Charge (50 million), is testing in several Midwest states an Execu-charge card aimed at big-spending businessmen. Among its attractions: cardholders get a 1% rebate on all charges.
Direct debiting. Though Visa and Master Charge cards have traditionally been issued only by commercial banks, other lending institutions are preparing to jump into the field. A mutual savings bank in Washington State has issued a card that directly debits a customer's savings account for the amount he...
In addition, some banks are mailing "preapproved" card applications to potential customers who are rated good risks. They do not have to provide lengthy statements citing credit references and salary, but merely mail back a short, signed form. Over the past 18 months, Chicago's Continental Illinois bank has...