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...point, I thought we were going to go bust because we couldn't make payroll," says Dan Cunningham, the chief financial officer. "Bill kept the company running on his credit cards--Visa and MasterCard, not American Express, because that is a card that you have to pay the bill on every month." In the middle of a rise in the silver market in 1989, Schrader's mother raised several thousand dollars by selling the silver coins she had collected, and invested the proceeds in PSINet. The following day the silver market dropped sharply...

Author: /time Magazine | Title: HIGH STAKES WINNERS | 2/19/1996 | See Source »

...BOSTON Bay Bank BANK USTrust Package Max. Account Value Checking Account Personal Checking Account Minimum Balance B $7,500 $0.00 $0.00 $0.00 $0.00 $300 Unlimited Unlimited Unlimited Unlimited Unlimited Unlimited Networks NYCE, Plus, Yankee 24 Cirrus, Express 24, NYCE NYCE, VISA, Yankee 24 AmEx, Cirrus, Disc, Express Cash, MasterCard, NYCE, VISA, Plus, Yankee 24 Yankee 24, Cirrus, NYCE, AmEx, TX Money Supply Cirrus, NYCE $2.00 $1.00 $1.00 Checks Per Month Unlimited 8 5 10 Unlimited Unlimited Credit Line None Separate Application Seperate Application None Separate Application Separate Application Interest Rate...

Author: By Curtis R. Chong, | Title: Harvard-Area Banks Are Squaring Off in the Race for Your Business | 9/13/1995 | See Source »

...past year on the World Wide Web, the hot new multimedia hangout on the Internet. With edgy graphics and clever first-person writing, webzines are attracting a small but fiercely loyal readership. They are also starting to attract something even more important: good old-fashioned advertising. Saab, IBM, MasterCard and clear-beer Zima are among the sponsors whose winking logos bedizen every screenful of Word. And the stimulus of these ad dollars has encouraged even more publishers to come online...

Author: /time Magazine | Title: HOT 'ZINES ON THE WEB | 9/4/1995 | See Source »

...Visa said today they're developing software that by late next year will keep Visa card numbers private by issuing passwords to customers. After that, the firms said, other credit card companies will also be able to use the software. That big-hearted clause drew grudging approval from MasterCard, Visa's main competitor, which said it was "committed to a strategy of supporting the consumers' ability to use card-based payment products anywhere, anytime they choose."Post your opinion on theNew Mediabulletin board.Last Night's TIME Daily

Author: /time Magazine | Title: NETWATCH . . . CYBER-CHARGE IT? | 11/8/1994 | See Source »

...Cambridge Chronicle reported two weeks ago that the mayor had declined to account for more than 275 expenses he charged on his city-issued MasterCard over a 13-month period. In an editorial yesterday, The Crimson called for Reeves to provide a full accounting of the expenditures or resign...

Author: By Sewell Chan, | Title: Cambridge Rejects Subsidies Proposal | 11/1/1994 | See Source »

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