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...year to become a full-fledged bank, amid opposition from community banks that feared such a move would put them out of business, Wal-Mart's new Money Centers and MoneyCards are giving them a significant foothold in the financial services industry. The centers currently offer money orders, bill payment and phone cards in a newly designated space painted a bright, "firefly gold" in each store. Because the counters are open from 7 a.m. to 9 p.m. seven days a week, they are as quick and convenient as anything but 24-hour check cashers. The $3 check-cashing...

Author: /time Magazine | Title: Wal-Mart's Unbanking Business | 6/21/2007 | See Source »

...Largest sum the Pentagon allows as payment to families of Iraqi civilians killed by actions of U.S. and coalition forces during combat...

Author: /time Magazine | Title: Numbers: Jul. 2, 2007 | 6/21/2007 | See Source »

...death gratuity payment" issued by the Department of Defense to families of U.S. service members who are killed in a combat zone or operation...

Author: /time Magazine | Title: Numbers: Jul. 2, 2007 | 6/21/2007 | See Source »

...spat reflects growing tensions between the search and auction giants as each races onto the other's turf. Over the past year Google has ramped up Checkout, its online payment tool that competes with eBay'sPayPal, and eBay recently launched an auction marketplace for TV and radio ads aimed at media ad markets that Google is also targeting...

Author: /time Magazine | Title: Google vs. eBay: Round One | 6/15/2007 | See Source »

Expanding into new products also helps deflect the competitive threat. "ING Direct is under pressure, no matter what they say, to sell more to their customer base," says Chris Hitchings, an analyst who covers ING for Keefe, Bruyette & Woods in London. By offering checking accounts and online bill payment, ING Direct gives its customers more reasons to stay put: once they set all that up, they are less likely to switch banks for half a percentage point of interest...

Author: /time Magazine | Title: ING Direct's Man on a Mission | 6/14/2007 | See Source »

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