Word: nilson
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Dates: during 1990-1999
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American Express's turnaround surprised everyone, including H. Spencer Nilson, publisher of the Nilson Report, which tracks spending on credit cards. Nilson is impressed that Amex was able to "come away with any kind of stabilization." He applauds the company for its "significant advances in improving product line and in growth of cardholders and volume. I would not have given them any chance of doing that several years...
...there will undoubtedly be others. The worldwide traffic in stolen and counterfeit cards costs issuers of plastic $1.6 billion a year in phony charges, according to the Nilson Report, a credit-card industry newsletter. Nigeria has produced so many credit-card bandits that the U.S. Secret Service joined with other federal agencies in the 1980s to form a special West African Task Force that helped nab Adekanbi. According to authorities, his gang used counterfeit cards to obtain at least $650,000 in goods and cash advances and had access to lines of credit worth $8 million. Officials suspect that this...
...fastest-growing charge cards are the ones that automatically deduct money from checking accounts. The amounts riding on such debit-card use could zoom nearly 600% over the next eight years, according to H. Spencer Nilson of the Nilson Report, an Oxnard, California, newsletter that follows this industry.While Visa's credit-card business grew 16% last year, the use of its "CheckCard" debit service jumped 47%, as consumers sought to avoid finance and interest charges...
...region does face threats. According to Nilson de Barros, president of the Society for the Defense of the Pantanal, the rivers that feed into its marshes are being polluted by gold mining, deforestation and agriculture. To feed cattle herds, some ranchers are planting exotic grasses that threaten the delicate balance of the ecosystem. Wild-animal dealers are going after such items as rare birds and capybara skins. But De Barros believes the problems will be kept under control. He stresses that the Pantaneiros have traditionally respected the area's riches, and they are beginning to realize that their home...
...according to the Nilson Report, 82.1 million people owned credit cards from oil companies, 103.6 million held accounts with phone companies and 95.4 million carried credit cards from retail stores...