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Debit Cards

June 22, 2004 | From Associated Press
Customers of Wal-Mart Stores Inc. can use MasterCard Inc.'s signature debit cards to make purchases for the first time since February, when the world's largest retailer suspended their usage in a disagreement over fees charged to merchants. Bentonville, Ark.-based Wal-Mart said in December that MasterCard's fees were too high. The move made Wal-Mart the first major retailer to take such action since a lawsuit settlement freed merchants to pick which credit and debit card services to use.
September 11, 2000 | BETSY McCAUGHEY, Betsy McCaughey, a senior fellow at the Hudson Institute, is a former lieutenant governor of New York
Jeanette Thompson is a grandmother and office manager who has constant pain in her hand from arthritis. Most arthritis drugs, she said, "feel like they are burning a hole in my stomach." Her doctor prescribed Celebrex, a newer anti-inflammatory that eliminates gastrointestinal irritation. Her insurer, United Healthcare, refused to pay, saying that she would have to suffer with older, cheaper drugs like Naprosyn until her doctor proved she was developing an ulcer. So much for preventive medicine.
October 28, 2006 | David Colker, Times Staff Writer
About 40 debit-card users in the Huntington Beach area had money stolen from their bank accounts over the last few weeks, most after shopping at a local supermarket, police said Friday. Such debit-card crimes are becoming increasingly common, security experts say, with thieves peeking over shoulders to learn personal identification numbers or employing more sophisticated hacking techniques.
December 3, 1995 | Associated Press
Americans buying stamps or mailing Christmas parcels can use credit cards for the first time this holiday season. More than 6,000 post offices have been connected for credit- and debit-card use in the last five months, Postal Service Treasurer Stephen Kearney said Friday. Credit-card trademark stickers on the door--just like stores and restaurants--identify the offices accepting the cards.
April 28, 2003 | Philip Klein, Reuters
Consumers who purchase items with debit cards may not give much thought to whether they sign a receipt or punch a personal identification number on a keypad, but to lawyers set to debate the issue today, the distinction is crucial. The routine debit transaction is the subject of a trial seven years in the making, pitting Wal-Mart Stores Inc. and millions of other retailers against Foster City, Calif.
November 11, 2006 | David Reyes, Times Staff Writer
What happens in Costa Mesa can end up in Vegas, some unhappy victims of debit card fraud have learned, authorities said Friday. More than 440 people who used debit cards to pay for gasoline at two Costa Mesa service stations have reported funds stolen from their accounts in Sin City, said Sgt. Martin Carver, a spokesman for the Costa Mesa Police Department. Debit card information and personal identification numbers captured the week of Sept. 29 to Oct.
September 21, 1997 | CARLA LAZZARESCHI
Q: Can you explain why in the world any consumer would possibly want a debit card? For the life of me, I can't imagine why these pieces of plastic are preferable to either checks or credit cards. --M.T. * A: First, as a quick refresher: Debit cards function as electronic checkbooks, allowing customers to tap their checking account balances to pay for goods or get cash at stores.
Rule No. 1 on the card's back shouts it out: Possession of this card by anyone other than the owner is a VIOLATION OF JAIL RULES. It is a warning to Los Angeles County Jail inmates--who use the cards to access petty cash while they are locked up--to watch their backs. The cards have sparked violence. Up to three years ago, inmates were allowed to carry cash to purchase items such as toothpaste, stationery, pens, pencils, cookies and candy bars, said Lt.
December 5, 1993 | From Associated Press
There's a string of bright red pay phones in the Tokyo International Airport lounge--and a line of travelers waiting to ring up. You lift the receiver, fumble with a few coins and look for the slot to drop them in. No slot. A man in the crowd steps forward and hands you a credit card-sized plastic card and gestures toward a slit in the phone. You insert the card and get a dial tone. An LCD screen indicates you have 500 yen in telephone time.
June 25, 2011 | E. Scott Reckard
Debit cards, a gleam in bankers' eyes 30 years ago, have become the preferred method for people to tap their bank accounts, a free and easy alternative to paper checks, live tellers or cash machines. U.S. shoppers used them 37 billion times last year, making them more popular than credit cards (19 billion transactions) and checks (18 billion), according to the payments newsletter Nilson Report. Another estimate puts the figure at 45 billion debits. But big changes are afoot that could make it much more expensive for consumers to use the cards.
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