Word: debited
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Dates: during 1980-1980
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...debit side, Thomas Derrah's hulking Puck fails to spark the rest of the production in quite the same inhuman way as Mark Linn-Baker's in the spring. Derrah, verbally agile but physically sluggish, acts the comic sidekick; where Linn-Baker's animality was ferral, Derrah's is docile, dog-like--Oberon's best friend...
...protection against theft, customers are warned to keep their personal identification number separate from their debit card, to place a limited amount of funds in these accounts, and to keep careful records of all transactions...
...card, and it can ring up purchases as easily. But MasterCard II, which was introduced last week, is not the same as familiar plastic money. With a normal credit card, the bill for a shopping spree may not arrive for weeks. But with MasterCard II, which bankers call a debit card, payment takes place instantly. A computer deducts funds from the shopper's bank account and transfers them into that of the store or restaurant where purchases have been made. Cardholders may carry either the regular MasterCard, MasterCard II, or both...
...rhymes with vogue), 50, became president of MasterCard, and set out to take back leadership in bank credit cards. A craggy onetime FBI agent with executive experience at American Express and American Airlines, Hogg promptly fired eight top officials and laid plans for a host of new products. The debit card is soon to be followed by a Japanese MasterCard and traveler's checks...
MasterCard will have to struggle. Five years ago, Visa introduced the first debit card, and last November it branched into traveler's checks. The checks have gained ground rapidly against the long-dominant American Express, partly because of the prominence of the Visa name. This year Visa expects to capture more than 10% of the market worldwide. Moreover, many bankers and merchants think that while MasterCard may carry clout, as its ads used to proclaim, Visa carries class. The name Visa seems to spell easy access, a door-opener around the world. Says one New York banker: "MasterCard...