Word: debits
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...Charged with hacking into retail and card-processing computers to steal 130 million credit- and debit-card numbers from 2006 to 2008. The compromised companies include Heartland Payment Systems, 7-Eleven, two unnamed national retailers and Hannaford Brothers, a regional supermarket chain...
...School" program that - coupled with $140 million of federal stimulus funds - would give each child on public assistance and food stamps $200 to start the school year. More than 850,000 families woke up the next day to find an extra $200 automatically added to their public-assistance debit account. Not a huge windfall, but enough for impoverished students to buy pencils, notebooks, protractors, a backpack and maybe some new school clothes. (Read an interview with George Soros...
Muszynski, Josh • dismay of after checking bank account online and finding that use of debit card by to purchase a pack of cigarettes resulted in a charge of more than $23 quadrillion...
...media companies will need a trustworthy, easy-to-use payment platform. Common online payment methods like credit cards aren't feasible because processing fees can exceed the value of such tiny transactions. In the gaming world, the typical micropayment system allows consumers to transfer money (usually via credit or debit cards) into electronic accounts, or e-wallets, where hard cash is converted into digital currency for online purchases. There are already several companies providing micropayment services to gaming websites; Santa Clara, Calif. - based PlaySpan offers its service in 80 countries. Micropayments are also migrating to mobile phones. In Japan, cell...
...were already starting to inch in that direction. Speaking at an investor conference, he said that thus-far unreleased results of the company's monthly spending survey indicate that while people were still spending less, the rate of decline has slowed. MasterCard runs the systems that process credit- and debit-card transactions and can therefore provide a more timely read on the economy than official government statistics...