Word: issuers
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Dates: during 1960-1969
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...American Bankers Asso ciation and the Association of Stock Exchange Firms are working on a scheme to imprint on all stocks a magnetic number identifying the issuer; the number could be read by an optical scanner hooked to a computer. The real solution is to get rid of the old-fashioned certificates entirely. Last week N.Y.S.E. President Robert W. Haack promised to do just that. "We are going to automate the stock certificate out of business by substituting a punch card," he said. "We just can't keep up with the flood of business unless...
...awaiting House action. American Express last year commissioned the drafting of a model credit-card law for states, which suggests maximum penalties of one to three years for such offenses as card theft or possession of forging machinery or blanks. With the backing of every other major credit card issuer, the statute is being pushed in all states. So far, North Carolina, Florida and California have all adopted it. New York has scheduled consideration of it for next January's legislative session...