Word: visaed
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...Rebates. Visa, which with nearly 60 million holders has overtaken the longtime leader in the field of multipurpose cards, Master Charge (50 million), is testing in several Midwest states an Execu-charge card aimed at big-spending businessmen. Among its attractions: cardholders get a 1% rebate on all charges...
Direct debiting. Though Visa and Master Charge cards have traditionally been issued only by commercial banks, other lending institutions are preparing to jump into the field. A mutual savings bank in Washington State has issued a card that directly debits a customer's savings account for the amount he charges. Some 60 banks are now issuing Visa cards that debit directly against a cardholder's checking account...
Most of the new action by card firms is in a long-somnolent field: traveler's checks. American Express has about 65% of the world market, despite recently heating competition. But the check business, argues Visa International President Lee W. Hock, "has changed very little in the past 50 years. It is ripe for innovation...
Applied for Visa...
Levich served as head of the department of electrochemistry at Moscow University until 1972, when he applied for a visa to emigrate to Israel. After applying, Soviet authorities fired him from his teaching job, and forbade him from conducting research or publishing his work. One of his two sons entered a Siberian labor camp in 1973, but has since been released...