Word: debit
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...card, and it can ring up purchases as easily. But MasterCard II, which was introduced last week, is not the same as familiar plastic money. With a normal credit card, the bill for a shopping spree may not arrive for weeks. But with MasterCard II, which bankers call a debit card, payment takes place instantly. A computer deducts funds from the shopper's bank account and transfers them into that of the store or restaurant where purchases have been made. Cardholders may carry either the regular MasterCard, MasterCard II, or both...
Books by the children of famous authors are guaranteed an interested or curious audience. On the debit side, the comparisons that follow are likely to be odious. Susan Cheever, 36, accepts this mixed blessing with considerable panache. She never pretends to write like her old man, John, the sage of Ossining, but she alludes regularly and playfully to his imposing presence. When her heroine, Salley Gardens (nee Potter), gets married, one of the wedding guests is J.C. Salley's father, a Columbia University professor, commits an unacknowledged theft from a Cheever short story when commenting on his older brother...
Freshman forward Dorris Woolery pumped in 26 points for the Crimson, connecting on ten of 22 from the floor and six of nine from the charity stripe. But the newcomer also committed 12 turnovers, joining mate Lisa Bernstein (13 miscues) in the debit department...
...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 charges. Some 60 banks are now issuing Visa cards that debit directly against a cardholder's checking account...
...positive side, I would count the amnesty and the proposal to create jobs for young people as being important. On the debit side, I would count his excessive concern for conservative opinion in forming economic policy. His plan did not begin to fulfill his promise to work toward full employment...