Re: First Union CheckCard rip-off

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Article #11330

#11330

From: KJONGSMA
Date: Mon, 12 Sep 1994 14:16

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In article <1994Sep9.125419@sdg.dra.com> sean@sdg.dra.com (Sean Donelan) writes:

>
>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.

Except that in the UK and possibly other countries, they have been using
"cheque guaranty cards" for years now, where the card is presented along
with a written cheque as a proof that the bank will stand behind the
value of the cheque.

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From: KJONGSMA@P06.dasd.honeywell.com
Subject: Re: First Union CheckCard rip-off
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Date: Mon, 12 Sep 1994 14:16:28 GMT

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