Word: credit-card
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...impressive numbers. His team forced agribusiness giant Archer-Daniels-Midland to pay a record $100 million fine for rigging a feed-additive market earlier this year; three former ADM executives are under indictment. Klein is reportedly preparing a massive antitrust case against Visa and MasterCard, alleging a duopoly over credit-card transactions...
...during a foray into an America Online chat room aimed at homosexual men. While few sexual predators actually succeed in finding victims online, Simmons managed to arrange an in-person meeting with Manzie last year at a mall in Freehold Township, N.J. The two got together afterward, as Simmons' credit-card receipts indicate, in several motels in the state, police say. At one point Simmons drove Manzie to his Long Island, N.Y., home for a weekend stay during which the older man allegedly tried to share the teen with his 59-year-old lover...
...cards stand a better chance. Simpler versions of the "stored value" cards are already in use on city subways and buses, where they're called MetroCards. Chase and Citibank are installing readers in 500 stores on the Upper West Side so that customers can use the cards at, say, Zabar's, Gartners Hardware and an Athlete's Foot store within a few blocks of one another. The merchants so far are enthusiastic. Says Martin Vatage, assistant manager of an Athlete's Foot: "You don't have to sign anything; you don't have to wait to call the credit-card...
Quittner states that somebody ran up a $3,000 bill on a duplicate of his credit card, that "the nice lady from the fraud division of the credit-card company took care of it..." and that he never lost a cent. It may be constructive to take the situation a bit further and figure out who did lose. My husband and I own a small business, and more than once we have had to deal with that "nice lady from the credit-card company" who tells us we have to absorb the loss. Even when insurance covers part...
...probably have more reason to think about this stuff than the average John Q. All Too Public. A few years ago, for instance, after I applied for a credit card at a consumer-electronics store, somebody got hold of my name and vital numbers and used them to get a duplicate card. That somebody ran up a $3,000 bill, but the nice lady from the fraud division of the credit-card company took care of it with steely digital dispatch. (I filed a short report over the phone. I never lost a cent...