Word: debits
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Leigh Anderson is getting rid of her cash. She uses a bank-issued debit card to buy everything from groceries and gasoline to stamps at the post office. "I used to keep spare change for coffee, but the 7-Eleven just started accepting the card," says the 33-year-old education consultant. She shuns checks too, having signed up for a new computer service called ScanFone that lets her pay her credit-card, utility and 17 other bills in just 10 minutes by tapping a few numbers on the keypad of a high-tech telephone that sends instructions...
Above all, high-tech payment systems create new problems of privacy even as they increase convenience and efficiency. Maryland became the first state to provide debit cards for welfare clients last year when it issued its "Independence Card" to 170,000 households that received public aid. The cards enable recipients to shop at supermarkets such as Giant and Safeway as well as at 3,500 other stores around the state; families on welfare can also use the cards to withdraw cash from ATM machines and to pay utility bills and rent for public housing. Among other benefits, these cards have...
...technologies like electronic mail and voice % processors go largely unused -- too complicated -- while paper-generating devices like fax machines and copiers are used to the point of abuse. As for the cashless society, most consumers have thumbed down such gee-whiz financial services as electronic banking, home shopping and debit cards...
...brother, or the man who persuaded Gary Hart to make one last humiliating run for the presidency. But he is also, over the past quarter-century, the movies' most distinctive producer-star, with Bonnie and Clyde, Shampoo, Heaven Can Wait and Reds to his credit (and Ishtar to his debit). As the only person to have been nominated for Oscars in four different categories on two separate occasions -- for acting in, and producing, writing and directing Reds and Heaven Can Wait -- Beatty has to be more than an indefatigable stud. He could be a man with a vision...
...Harvard student, I hold the house system sacred. But as an epicurean, I also hold good food sacred. The two are not incompatible, and a limited-debit card system could honor both...