Word: mastercards
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...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...
...need for heightened database security has been exposed repeatedly, thanks to high-profile thefts of sensitive information. These include the raiding of CD Universe's customer credit-card database in 2000 or the pilfering that year of patients' records from the University of Washington Medical Center. Visa and MasterCard have released guidelines to member banks and online merchants on measures each credit-card company expects them to take to protect card numbers. Congress, meanwhile, has passed laws demanding that financial institutions and health-care companies protect customer information...
Luang Prabang has no McDonald's, no 7-Eleven, no ATMS. It doesn't have a single place to get a cash advance on MasterCard?as I discovered to my embarrassment?which resulted in a last day spent in penury hiding in my hotel. The town is refreshingly free of things to do, apart from wander around, drink coffee and beer in caf?s, and soak up the ambiance. A dust-choked side trip to the gorgeous Kuangsi waterfalls or a jaunt down the river to the Pak Ou caves, which are crammed with ancient Buddha images, make up the extent...