Word: mastercards
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...excited consumers who call to claim prizes after receiving you-are-a-winner letters are asked for their credit-card numbers and card-expiration dates "as verification." The new car or microwave oven never arrives. But before long, mysterious charges begin to show up on the cards. Joel Lisker, MasterCard's vice president for security and fraud control, & estimates that thieves using such methods skimmed at least $105 million from the $120 billion in U.S. credit-card transactions last year...
...minutes was all it took this year to buy my girlfriend a Valentine's Day gift. A call to the florist, my Mastercard number and presto--instant Valentine's Day gift...
...that Valentine's Day. It didn't matter that she never knew who gave her the present, or that I never told her how I felt, or that it only cost $3. I was "in love," and I had given Wendy a gift that meant something more than a Mastercard number and a 1-800 phone call...
...concluded that such coverage would be so inexpensive that they could offer it free. (The credit-card coverage is typically supplement insurance, which pays damages if other policies cannot be tapped.) American Express began providing the coverage in November 1987 to its gold- and platinum-card holders. Last year MasterCard and Visa did the same for their premium customers, but they have not yet done so for regular cardholders...
...touring the country this fall. An Elvis postage stamp is probably next, once proponents agree on which image -- that of the young or the middle-aged star -- should appear on it. And one can call an 800 number and get details about a Memphis bank's brand-new Elvis MasterCard...