Word: mastercard
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Dates: during 2000-2009
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...they owe Bank One. The $5,537 they owe Chase Manhattan Bank. The $8,222 they owe MBNA America. The $4,925 they owe on their Citibank Preferred Visa card. The $6,838 they owe on their Discover card. The $6,458 they owe on their MasterCard. "People don't understand, unless they have a medically needy child, these kinds of circumstances," says Charles Trapp, 42, a mail carrier...
...Today, most consumers cannot go a single day without being bombarded, if not pummeled, by a plethora of credit card applications wherever they turn. Whether it is Visa, Mastercard, American Express or their pygmy cousin Discover, the opportunity for appropriation of unneeded material items is forever available to the American public. Unfortunately, in addition to snazzy new possessions, this "shop 'till you drop" mentality also brings with it the acquisition of unwanted and often irreversible debt...
...count beenz out. No other company combines customer rewards with micropayments in quite the way Beenz.com does, and no other company is aiming quite so high. Before the year is out, Letts plans to distribute beenz on cell phones and on MasterCard-backed Mondex smart cards. Beenz.com recently logged its 15 millionth beenz transaction, and Letts predicts--"without a shadow of a doubt"--that this year the company will sign up its 5 millionth customer. By then, who knows how much a hill of beenz might be worth...
...this is Capitol Hill, and nothing is ever as simple as "too many people are using the present laws to stiff MasterCard - let's be fair and do something about it." Instead, the final bill was chock-full of politically charged amendments, the most notable of which were a Democrat-sponsored $1 minimum wage hike over three years and a provision to prevent abortion clinic protesters from hiding behind bankruptcy filings after losing civil suits. An attempt by the Democrats to strip gun manufacturers of bankruptcy protection failed...