Word: debits
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KIDDIE CARD Will technology-savvy teens take to the cashless society? Visa will soon find out. The company has launched a new debit card aimed at teenagers. The Visa PocketCard allows a parent or employer to make funds available to his or her "customer" electronically. "It is an account, but it's virtual," says William Scheurer, CEO of PocketCard Inc. You can transfer funds--via phone or online--from your bank account to an Internet one, so your teens can prowl the malls and the Web or chow down at Chili's. You can apply for this card only online...
...sources tell TIME, Tony--working as a consultant for a company trying to do business in Russia--arranged a White House meeting for Moscow's powerful Mayor Yuri Luzhkov. Rodham was working for Gene Prescott, who was involved in IBN, a start-up that wanted to bring "smart" credit-debit cards to Russia and was hoping for the support of Luzhkov. Prescott knew Luzhkov wanted to meet with Clinton and asked Tony if he could set it up, according to Tony. Former White House officials tell Time that this was touchy business; Luzhkov, a potential successor to Russian President Boris...
...morning, Rubin had noticed the sneakers in the trash, but thought little of it, thinking just that they were somebody's "old kicks.") At the bottom of the barrel, Stevens found Gibson's backpack with his TI-86 calculator and history of the USSR notebook. Stevens' Harvard I.D., his debit card and all his cash--about $20--were taken from his wallet. Why didn't the robber also take Gibson's calculator? Gibson theorizes that the burglar didn't take his calculator, or the three laptops, or Stevens's stereo or television, all in the common room, because the robber...
...Stevens told his proctor about the theft and then called Harvard University Police Department (HUPD) and his debit card company. Trying to cancel his debit card, Stevens recalls, took forever. It was a Sunday, so banks were closed, and Stevens had to call an automated 1-800 number. "I would listen to all the menu choices, and none of them sounded like the right one, so I'd just pick one, and it would be wrong and I'd have to call again." Stevens ended up calling the company five times...
Hours later, when Stuckey was arrested, police allege that he had Bencowitz's debit card in his pocket...