Word: mastercards
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Dates: during 1990-1999
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...Klein has quietly put up impressive numbers. His team forced agribusiness giant Archer-Daniels-Midland to pay a record $100 million fine for rigging a feed-additive market earlier this year; three former ADM executives are under indictment. Klein is reportedly preparing a massive antitrust case against Visa and MasterCard, alleging a duopoly over credit-card transactions...
...cash cards are portable and convenient transaction devices--a description that also applies to currency. As John Frank, editor of the monthly magazine Card Technology, says, "People don't think of cash as being difficult." The world's leading cash-card company, Mondex International, controlled by MasterCard, has had so-so success in experiments in Canada. In the U.S., Visa tried launching a cash card in Atlanta during the 1996 Olympics. It flopped, partly because users had to run all over town to find stores that could accept the cards. That's why more than 94% of all transactions...
...fair, HPPS has made several improvements: the hours of the stockroom were sufficiently student-friendly; we no longer have to trek to HPPS' old location at 1730 Cambridge St. to purchase any course materials; students can now pay for sourcebooks by MasterCard or Visa; and HPPS provides students copies at 5 cents a piece and easy and relatively inexpensive access to a fax machine...
...HPPS management also introduced MasterCard and Visa sales, in addition to the traditional cash, check and term-bill forms of payment...
...really felt that most students come here and pick up a MasterCard or Visa," Murphy said. "You all can get credit in a lot of different places...