Word: mastercard
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Dates: during 2000-2009
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...transferring funds to employees is up to 75% cheaper than issuing checks. U-Haul saves $1.10 for each paper check not cut, about half a million dollars in savings a year. For the nearly 14 million U.S. households that are "unbanked," payroll cards, usually issued by banks with the MasterCard or Visa logo, bypass the need to establish the personal accounts used for direct deposit...
...Diego and Santa Barbara, Calif., to follow up on rumors of Beanie supply; attending Beanie conventions; and frequenting a tiny Barstow, Calif., shop where she finds rare Beanies. "It's a supplier. It's like drugs!" she laughs. With display cases in her living room, a Beanie MasterCard, magazine subscriptions, T shirts, mugs and pens, and clothes for the toys, Henry knows she's somewhat infatuated. "It ends up this crazy competitive thing," she says...
...wife, who uses ExxonMobil's RFID-based Speedpass fob to pay for gasoline at the pump. At least 6 million people have used Speedpass since its 1997 introduction. But the technology spread far beyond the pump this year after all three major card companies--Amex, Visa and MasterCard--endorsed interoperability standards for RFID payments. Besides the Amex pilot, there have been trials by MasterCard (for its PayPass card in Orlando, Fla.) and Visa (which plans to use RFID-ready phones in Asia). Someday you will stroll down grocery aisles with a PC tablet that uses RFID technology to find products...
DIED. GEORGE WATERS, 87, executive who turned the American Express card into the company's flagship product; of heart problems; in Fair Haven, N.J. Until 1961, when Waters was hired, credit cards were used mostly by restaurants, Visa and MasterCard did not exist, and the American Express card lagged behind one offered by the Diners Club. One of his first moves was to persuade American Airlines to accept the American Express card; other airlines and businesses followed quickly, and the card soon became a global brand...
...DIED. GEORGE WATERS, 87, executive who turned the American Express card into the company's flagship product; in Fair Haven, New Jersey. Until 1961, when Waters was hired, charge cards were used mostly by restaurants, Visa and MasterCard did not exist, and the American Express card lagged behind one offered by Diners Club. One of his first moves was to persuade American Airlines to accept the American Express card; other airlines and businesses followed quickly...