In the latest round of credit-card reforms, issuers and retailers are both playing the consumer-friendly angle. Currently lawmakers are debating whether to cut interchange fees, the tab that merchants pay to card issuers each time a customer uses plastic. While retailers claim they would pass the savings on to shoppers in the form of lower prices, card companies argue the legislation will make credit less convenient and more costly--and they may be right.
Merchants have long complained about interchange fees. They say the costs, which amount to roughly 1.6% of every transaction, erode already razor-thin margins. Last year retailers, the main supporters of three bills now working their way through Congress, forked over an estimated $ 48 billion in card fees. "We can’t keep absorbing these fees," Kathy Miller, a grocery store owner in Elmore, Vt. , testified at a congressional hearing in early October.
In their quest to win over lawmakers, retailers
A credit card is a plastic card (or its
equivalent) to be used upon presentation by the cardholder to obtain money,
goods, or services, possibly under a line of credit established by the card
issuer. The cardholder is billed for any outstanding balance. Credit card customers are given a credit limit on the credit card account and can buy goods and services up to this amount. Normally, banks will set different credit lines to the different groups of cardholders. Every time cardholder uses a credit card for purchasing, he/she must sign a sales slip in the presence of the seller, and the signature is then compared to the signature on the card. Copies of the sales slips have the details of the card and they also show the details and amount of the sale. Each month the cardholder receives a statement from the bank which details all the trans- [单项选择]
Credit Card Only Works When Spoken To A credit card that will not work unless it hears its owner’s voice could become an important weapon in the fight against fraud (欺骗). The card requires users to give a spoken password that it recognizes using a built-in voice-recognition chip. The idea is to prevent thieves using a stolen card or fraudsters using someone else’s credit card details to buy goods online. A model built by engineers at Beepcard in Santa Monica, California, represents the first attempt to pack a microphone, a loudspeaker, a battery and a voice-recognition chip into a standard-sized credit card. They are not quite there yet: the card is the length and width of an ordinary credit card, but it is still about three times as thick. The company now plans to make it thinner. The voice card is based on an earlier Beepcard technology designed to prevent fraud in online transactions. This earlier card has no microp A. it can be made cost-effectively. B. it can leave voice messages. C. it makes online shopping easy. D. it makes fraud difficult. [单项选择]Which credit card is not accepted
A. American Express B. Master card C. Visa [单项选择]All the credit card organizations charge interest on a monthly basis which may( )as 25 per cent a year, yet judicious purchasing using a card can mean that you obtain up to seven weeks interest-free credit.
A. come up B. account for C. add up D. work out [单项选择]Please download the credit card payment form from the conference website, (www. wettinq.de/ew-workshop.htm), fill it out and fax it to Reinhilde Grossmann: 502 2958.
A. The credit card payment form should be sent to www.wetting,de/ew-workshop.htm. B. Reinhilde Grossmann is to fill out the credit card payment form. C. Reinhilde Grossmann is the contactor of the conference dealing with payment. 我来回答: 提交
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