Word: mastercard
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Dates: during 1980-1989
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...need to be merged with some stronger institution. The most attentive suitors for Continental appear to be New York's Chemical Bank and First National Bank of Chicago, Continental's neighbor and archrival. Chemical (1983 assets: $51.1 billion) last March acquired Continental's thriving Visa and MasterCard business for $176 million, outbidding First Chicago in the process. After poring over Continental's books last week, Chemical officers privately called the ailing bank's woes "not insuperable," and then publicly added that they were "taking a serious look...
...Right, they stopped you when the flight attendant got suspicious about a 4-ft., 6-in. fourth grader with a Mastercard...
Gianetti and two other investigators at First Data Resources have been working on the case since the summer. Their firm has contracts with area banks and the national credit cards MasterCard and Visa, Richard A. D'Amico, chief investigator on the case, said last month...
Nationally, credit card fraud may approach $1 billion annually, according to industry sources. A spokesman for the American Bankers Association said last month MasterCard and Visa, the two largest national credit cards, were projecting total losses due to fraud of $200 million...
...Amico and his staff of two investigators work for First Data Resources, a private company which has contracts with area banks and the national credit cards Mastercard and Visa. He is responsible for investigating all credit card fraud in New England and New York...