Word: debit
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...nation's largest retailers--Wal-Mart, Sears, Roebuck & Co., and the Limited among them--are suing Visa and MasterCard, saying they too were overcharged. The merchants will argue before a federal judge in Brooklyn that they are forced to accept and pay an artificially high fee on debit-card sales. They hope to wring $8.1 billion from the defendants in this class action--a number that would triple, if they win, under federal antitrust...
VIRTUAL PEACE OF MIND While your teenage shoppers may be bugging you less for a trip to the mall, are you concerned that they'll run amuck on the Web with your credit card? Fortunately, savings account-linked debit cards designed for teenagers have been sprouting as quickly as virtual vendors. Firms such as PocketCard and Cobaltcard now offer prepaid Visa debit cards. In separate ventures, Visa and M2Card are set to introduce debit cards aimed at teaching prudent online-spending habits. The M2Card will even feature a rewards system for teen cybershoppers that will enable them to accrue bonus...
...bumps in their otherwise smooth road to being thought of as flawless human beings. Most politicians, like Gore, deal with this by treating each article as a new transaction, a bloodless negotiation between professionals that leaves nothing personal behind. Bush, however, treats each story like a new credit or debit in his family ledger. It's all personal, especially since the 1988 presidential campaign, when Junior acted as the loyalty enforcer. The Bushes fed hot dogs and lemonade to the reporters at Kennebunkport, even took a special few out on the cigarette boat. But these gestures were always a quid...
...bumps in their otherwise smooth road to being thought of as flawless human beings. Most politicians, like Gore, deal with this by treating each article as a new transaction, a bloodless negotiation between professionals that leaves nothing personal behind. Bush, however, treats each story like a new credit or debit in his family ledger. It's all personal, especially since the 1988 presidential campaign, when Junior acted as the loyalty enforcer. The Bushes fed hot dogs and lemonade to the reporters at Kennebunkport, even took a special few out on the cigarette boat. But these gestures were always a quid...
...technological autodidact, Roland Moreno, in the 1970s. Initial applications centered on ID cards, but by the 1980s--in another example of state-led adoption of new technology--France Telecom introduced prepaid telecartes that rendered coins in phone booths obsolete. Applications quickly blossomed as the association of Carte Bleue debit cards ordered their banks to fight fraud by issuing only chip-embedded cards, and as France Telecom issued the Minitel with smart-card readers to enable online purchase of everything from opera tickets to train reservations--well before anyone had heard of the Internet...