Word: visas
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...vote against Nixon. On February 4, 1972, Senator Strom Thurmond sent a secret memo (later brought to light via a Freedom Of Information Act request) in which he railed about Lennon and the danger he could cause the President's 1972 reelection campaign. The proposed solution? Revoke Lennon's visa. "If Lennon's visa is terminated it would be a strategy (sic) counter-measure." But, Thurmond noted, "caution must be taken with regard to the possible alienation of the so-called 18-year-old-vote if Lennon is expelled from the country...
...worth more than it's weight in gold, where Toys-R-Us has become the pilgrimage destination for the devout, and where we, facing an empty bank account and the expectations of a hundred friends and relatives, are supposed to have no choice but to be grateful that Visa (and our emergency line of credit) really is everywhere we want...
...cost, for me, couldn't be better. PayPal and Billpoint are free to payers, and Billpoint is currently running a promotion that takes $1 off all purchases made with a Visa card. PayPal actually pays you $5 to open an account and another $5 for each friend you refer. Both services make their money by charging the seller a small fixed fee and a percentage of the total dollar amount sent on each transaction...
...phalanx of the nation's largest retailers--Wal-Mart, Sears, Roebuck & Co., and the Limited among them--are suing Visa and MasterCard, saying they too were overcharged. The merchants will argue before a federal judge in Brooklyn that they are forced to accept and pay an artificially high fee on debit-card sales. They hope to wring $8.1 billion from the defendants in this class action--a number that would triple, if they win, under federal antitrust...
...government hopes Jones will find the associations more than a little guilty, and it has even used Visa's archrival, American Express, for help. Justice opened its current investigation in 1993; by 1996, Amex had enlisted, arguing that the restrictive by-laws should go. In other countries, the company points out, it is free to issue credit cards through banks. As MasterCard general counsel Noah Hanft says of Justice's fix, however, "it's a remedy that seems catered to suit the needs of Amex." Amex is not an official party to the suit, though its lawyers attend...