Word: prepayments
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...person per bank. Two years ago, the FDIC had about $52 billion in its deposit-insurance fund. Today that fund is technically broke. The agency has money reserved to cover anticipated failures but no cash remaining for unforeseen blowups. It has asked banks to prepay three years' worth of premiums and could seek emergency funds from the U.S. Treasury...
...Tuesday, the cash-depleted FDIC hatched a plan to require banks to prepay three years of quarterly fees. The FDIC expects to quickly generate $45 billion in cash, an amount it normally would've had to wait years to get its hands on. But in a quirk of accounting rules, the banks won't have to expense the upfront payments this year, even though they will be handing over the cash in the next few months - in amounts that could run into the billions of dollars for some banks. The FDIC says the move will solve its liquidity problems...
...third largest operator with roughly a fifth of the country's market, requires adaptability. In rural Sindh province, for example, Telenor Pakistan sells cell-phone credits to women who pass them on to poor neighbors for two cents each; in urban centers, it sells youngsters sms messaging in prepay packages. Targeting a range of customers is bringing rewards. Sales in Pakistan almost tripled last year to $632 million; Tore Johnsen, the Norwegian in charge of Telenor Pakistan, expects that rapid growth to continue in coming years...
...prepaid mobile service, will let users call more than 100 countries for a fixed 20¢ a minute. You can get better rates to many countries with special calling cards, but that price includes the phone. The rate also applies to calls made to U.S. numbers; compared with other domestic prepay plans, 20¢ a minute is about average. One catch: Uphonia phones can call just about anywhere in the world, but you can't use them outside the U.S. --By Wilson Rothman
...rising rate of drive-offs--those who leave without paying--has many stations demanding all customers prepay...