Word: prepaid
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...PS2s--many of which began taking orders six months ago. The stores are bracing for hordes of irate customers. "There will be people lined up in front of the doors," sighs Dan DeMatteo, president of Babbage's Etc., the nation's largest specialty video-games retailer. Babbage's has prepaid orders from five times as many customers as it will have units for this week. A sign of the frenzy to come: a week before launch date, bidding for the $299 PlayStation2 on eBay had hit more than...
...bugging you less for a trip to the mall, are you concerned that they'll run amuck on the Web with your credit card? Fortunately, savings account-linked debit cards designed for teenagers have been sprouting as quickly as virtual vendors. Firms such as PocketCard and Cobaltcard now offer prepaid Visa debit cards. In separate ventures, Visa and M2Card are set to introduce debit cards aimed at teaching prudent online-spending habits. The M2Card will even feature a rewards system for teen cybershoppers that will enable them to accrue bonus credit in stores on- and off-line. Shop...
...collected from non-E.U. firms that sell "Internet-based services" to anyone in the 15 member states. (The measure must be endorsed unanimously by all 15 member states to become law.) Under the proposal, a firm selling more than $100,000 or so worth of software, games, prepaid television or music a year for electronic delivery in the E.U. would be obliged to register with one of the 15 member states' tax authorities and levy VAT on all European online sales. Because Luxembourg has the lowest VAT rate in the E.U.--15%, in contrast to as much...
...smart card was invented by a former French journalist and technological autodidact, Roland Moreno, in the 1970s. Initial applications centered on ID cards, but by the 1980s--in another example of state-led adoption of new technology--France Telecom introduced prepaid telecartes that rendered coins in phone booths obsolete. Applications quickly blossomed as the association of Carte Bleue debit cards ordered their banks to fight fraud by issuing only chip-embedded cards, and as France Telecom issued the Minitel with smart-card readers to enable online purchase of everything from opera tickets to train reservations--well before anyone had heard...
...with a new portable phone that has-you guessed it-a cord. But there are some nifty advantages. On the road, Imagitel's Millennium phone can be plugged in to avoid high hotel long-distance charges. Or you can turn one over to your away-from-home collegians with prepaid long-distance service in hopes they'll call. The catch? Imagitel is the provider, though its rates (9[cents] per min. at home, 19.9[cents] away) aren...