Re: First Union CheckCard rip-off

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Article #11327

#11327

From: Sean Donelan
Date: Fri, 09 Sep 1994 17:54

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>>3. Unlike a credit card, the CheckCard provides no credit nor any grace 
>>   period for payment.
> 
>    I think they refer to this type of account as a "Debit Card" that
> works similar to a real credit card. And no, the funds are taken out 
> at the earliest time possible, like an ATM card.

Yes, they used to be called "Debit Cards" but the banks(VISA?) did a
big study and found out people didn't like Debit Cards.  So the marketeers
came up with the name "Check Card."

Same thing, new name.
-- 
Sean Donelan, Data Research Associates, Inc, St. Louis, MO
Domain: sean@dra.com, Voice: (Work) +1 314-432-1100

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From: sean@sdg.dra.com (Sean Donelan)
Newsgroups: misc.consumers,fl.general
Subject: Re: First Union CheckCard rip-off
Date: 9 Sep 94 12:54:19 CDT
Organization: Data Research Associates, St. Louis MO
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