Word: citibank
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...upgrade effort is already such a mess, plagued by contractor and design lapses, that Congress refuses to fund it anymore. But Freeh maintains an ambitious vision: to build a whole new technological infrastructure to track global crime. "We have people with laptop computers in Russia moving money out of Citibank accounts in New York City, and people with laptops in Sweden shutting down our 911 system in northern Florida," he told TIME. "We are very far behind...
...card.) For others, like GM, it has meant cutting back enticements that proved too expensive to maintain. For still others, like Apple Computer, which lured spenders with discounts on computers, it has become time to get out: the troubled company told holders of its Apple Citibank card last week that it was quitting the credit business to focus on computers...
...ambitious project will join a host of so-called E-money experiments that are popping up around the globe. The goal is to replace cash and checks with electronic transactions that cost just pennies to process. Citibank, a leader in this push for a cashless society, is developing what it calls an Electronic Monetary System that will permit consumers and companies to make payments electronically anywhere in the world. Visa, fresh off a test of 300,000 smart cards--plastic embedded with a cache of electronic cash--at the Atlanta Olympics, will soon launch similar projects in 14 other countries...
...does its cover reproduce a painting that isn't in the show? And why have 22 other choice items gone missing, while the main original sponsors, Mobil and Citibank, pulled out under mainland Chinese pressure as the long process of negotiation and selection was nearing its end? Politics, alas. The loan of these works of art has become a large hot potato in Taipei. And negotiating it proved a diplomatic nightmare for the Met, a four-year walk on eggshells...
...have a bank card, a business card and way too many credit cards. Do you still have one card too few? Visa, MasterCard, Citibank and Chase Manhattan all think so. This fall New York City will thrill to the roll-out of cash cards, the latest salvo in the banking and credit-card industries' eternal search to replace currency with plastic. Despite promises of a cashless society, 85% of everyday transactions are in cash or checks, which generate little income for banks...