•
TVInews •
2006-2009 Editions Headline
•The
sale of the NBS Wireless Telephone®™ Organization
To The Highest Bidder
Part
01h
•
Feature
Story
/ Speedollars (Credit Cards)
- 1950-2009 - Mythical feel-good America.
•
•
Once upon a time, Americans
lived by a few simple maxims: God, country, family
and a piggy bank. Students listened to their
teachers; citizens followed the law and children
respected their parents by buying mama a birthday
gift from "JC Penney or Woolworth, with a dime or
two shaken from little 'Miss Piggy.'
•
•
"Today" -- said Signet
TeleKey executive, author, performer, Troy
Cory-Stubblefield, "both Pres. Obama, and Wal-Mart
wants the U.S. to be the number one place to shop,
save, and spend Wal-Mart Speed$, whereever
stop'n-go ATM machines are located." Wal-Mart is
convinced the way of the future -- "is owning their
own bank to extend a line of credit to their
customers."
•
•
The weight of carrying little Miss Piggy around to
pay for things, was one of the reasons why the
baby
boomer and
owner of one of those "Piggy Banks," joined in with
Morgan&Sigl Bankers
Financial group, in
1966, to
form Signet Trade Acceptance
and Trust Company. Troy Cory is the co-author of
"Bank of America, The Tortfeasors," along
with the Melvin Belli law
firm.
•
•
The international banking
services company, was
one of the
world's first industrial
Telelex credit card electronic payment-receiving
processing facilities, and issuer of lines of
credit, (Signet Speed$), to trade-in their
terrestrial landlines for wireless and satellite
communications.
•
•
The name was changed to the
TeleKey Group, dba Signet Credit Card in 1968 and
in 1983, the word Northstar was added to TeleKey to
become Northstar TeleKey Financial Group. Signet
TeleKey, the innovator of Speed$, (speedollars.com)
-- is considered one of the early pioneers in the
world of the plastic cashless credit card society,
(1966). The Signet Bank was named after
CLICK
FOR MORE CREDIT CARD
HISTORY
•
•
Today Signet TeleKey is the
principal in several high profile international
projects now taking place in both China and in the
U.S. SEE
MORE STORY ABOUT SPEED
DOLLAR$ •
•
The baby boomers that
challenged the traditional sources of authority in
the 60s, did not exclude the founders of Western
Union, Wal-Mart in 1962, Signet Credit Card, 1968,
Master Charge in 1969 or Visa in 1971. "Not only
have the baby boomer merchants failed to live by
the simple maxims and traditions accepted at
Christmas time," -- but you'll never see a plaque
on one of their cards, Emails, or cash register
saying, "cash and
carry."
It's
non-existent," says Troy Cory, the Co-author of
"Bank of
America, the Tortfeasor," TVI Publishing,
(1991),
Order
from
Amazon.com.
•
•
Troy Cory told Pete Allman of Celebrity
Scene News that, -- "in the beginning the world's
largest users of the "cashless society plastic," --
were the kids raised during the post-war years of
the 40s, during the vast build up cabal
unconstrained talk of "keeping up with the Jones,"
and doing something their parents were not allowed
to do during the war." •
•
The social changes that took place, opposed
our deepest belief in God, country, family and a
piggy bank values. It took only one decade to
re-define the future of the world of consuming.
Credit card banking exploded during the 80s, 90s
and 2000s. •
•Most
consumer households could be described -- "as a
giant battlefield full of consumers" -- competing
against each other over who was going to be the
first to buy substitutes for wine, women, Rock'n
roll, milk, cookies, and Viagra, just as Signet
TeleKey predicted in 1968.
•
•
"With that in mind," added
Mark Sovol, "Signet TeleKey hasn't found too many
users punching credit card bank account numbers on
the keys of a keyboard connected to the Internet to
pay for something, without not realizing they were
transferring Speed$ from a line of credit issued by
a bank or a merchant." Google knows within a
"click," when a Google side-band Smart KudoAd user,
told the keyboard to transfer Speed$ to his
merchant bank account. (SEE
GOOGLE KUDO ADS ON RIGHT
SideBar)
•
•
The baby boomers, as well as their kids, and
grandchildren, are expert electronic-speed$ click
consumers of the TeleKey system. At least one or
more cards issued by Master Charge, Visa, Signet,
Capital One, Providian, Diners, American Express,
and lately, Ebay's Pay Pal, can be found inside a
wallet. Part
02h
TimeLine
/Credit Card History.
American Express, MasterCard, VISA and
Speed$
Transfers, and lines of Credit Through Credit Cards
• First
it was Diners Club in March 1950, then American
Express on October 1, 1958 they claimed to have
actually issued 250,000 cardboard cards. The card
was launched with an annual fee of $6, $1 higher
than Diners Club, to be seen as a premium product.
It was in 1959 that American Express began issuing
embossed ISO 7810 plastic
cards.
• •
1950 - Diners Club •
• 1956
- TVInews Founded: Sam Donaldson, Al Preiss
•
• 1958
- American Express on October 1, 1958 claims to
have actually issued 250,000 cardboard cards.
•
• 1958
- BankAmericard was the granddaddy of mass
market credit cards. Fresno was the proving ground
for the Pasadena based card. Over 65,000 people
living in Fresno were the first to get one.
•
• 1966
- American Express introduced the Gold
Card.
•
• 1966
- Signet Trade Acceptance and Trust Company
Formed - issues its first debit/credit due bill
draft credit card to business members.
•
• 1966
- Master Charge was founded in 1966 as the
Interbank Card Association. Master Charge became
officially MasterCard when Master Charge was
purchased by the California Bank Association in
1969 and was renamed MasterCard in 1979.
•
• 1968
- Signet Credit Card issues its first 5,000
embossed plastic cards. "Where To Go Buy" magazine
was launched.
•
• 1979
- MasterCard name change in 1979.
•
• 1984
- American Express issues the Platinum Card,
clearly defining different market segments within
its own business, a practice that has proliferated
across a broad array of industries. The Platinum
Card was billed as super-exclusive and had a $250
annual fee. It was offered by invitation only to
American Express customers with at least 2 years of
tenure, significant spending, and excellent payment
history.
• •
1970 - BofA in 1970, National
BankAmericards, Inc. a Credit Card association, was
formed in California to expand the use of its local
BankAmericardcard to banks outside of the State of
California.
•
• 1974
- In 1974, BofA's chartered an international
company IBANCO, to administer BankAmericard
international licensees outside the U.S.
•
• 1976
- VISA. National BankAmericard, Inc becomes
Visa U.S.A.\ and
IBANCO become Visa Int'l. •
1980s
- The Signet, Capital One
Connection •
• In the late 1980s, it
was two management consultants, that decided to
bring the original Signet TeleKey concept into the
information age that would enable an independent
bank issuer to produce customised credit cards and
generate vast revenues. After significant research
and analysis, they concluded that success relies
more on the intelligent use of data than on
traditional lending and banking skills. Their use
of scientific testing - product design, pricing,
marketing, credit line policy and account
management was part of the success they envisioned
for Signet. •
1990 - NBS -
LookRadio WiTEL
Founded
•
1991 - The Signet
money management team found in one test the secret
that could pull the solid bank customer to a Signet
credit card. "Offer a one time - low introductory
interest rate," linked with the option to transfer
debts from cards with higher interest rates to
their new lower rate Signet card. The rest is
history, the introductory replacements of the "high
interest rates" for a "low rate" transfer, become
an instant hit, and is now a industry
standard.
•
•1995 -
Capital One spins off from Signet Bank. The
extraordinary growth from a cashless society
project that started way back when, in 1968; that
spead from a small regional Signet bank in the
state of Virginia, and with the help of two
management consultants, the name Signet became part
of a multi-billion dollar corporation. •
1998 - Smart90.com
Online. VATS Dial System begins.
•
1999 - In 1999
American Express introduced the Centurion Card or
"black card." By the end of 2005, the Centurion
card required a $3500 annual fee. The WiFi, card
included the unique wireless RFID payment method,
they named, ExpressPay. The card was "swipeless"
and the user could buy something by simply tapping
the card over a special reader.
•
•2006 -
About Capital One. It is a debit/credit
organization that offers a credit-line from its
affiliates, to more than 46 million customers,
including more than 4 million in the UK and
employing more than 17,000 people around the world.
Capital One is ranked as one of America's finest
Speed$ firms, and has already successfully expanded
into Europe and Canada with their sights firmly on
further international expansion.
•
• 2006 - Wal-Mart
- WiTEL Banking - CLICK FOR MORE
STORY. •
•2006
- January: Western
Union Gives up its Telex Telegraprah
Business.
After 155 years in the telegraph business,
it was just last week that Western Union cabled its
final dispatch to say it's all over.
•
•It took
the combined efforts of the inventor of the
telephone, N.B. Stubblefield's wireless telephone,
the Internet, Emails, Faxes, VoIP and the WiFi
services of NBS100 to get Denver-based Western
Union to finally admit that the days of the
telegram, and Marconi's dit-dah machine is
history.
•
•
In a final bit of irony, Western Union
informed customers of its decision during the
fourth week of January, 2006 in a message via its
website. The terse notice was in keeping with
telegraphese, the language that customers devised
to hold down costs.
•
•
An Email sent to tvinews.net, reminded the
press, that it was in the mid-1800s that Western
Union displaced pony-express messengers with the
telegraph pole.
•
•
Western Union, which primarily transmits
money from about 270,000 locations in more than 200
countries and territories, ended the service a day
after parent First Data Corp. said on Jan. 26 that
it would spin off the company.
•
•2006
- EBay's PayPal to
Collect Fees on Fund Deposits. •
•EBay
Inc., the online auction house, will start
collecting a fee to manage money deposited in its
PayPal Money Market Fund, the San Jose-based
company said.
•
•PayPal,
an electronic pament service with some 87 million
customers in more than 40 countries, sweeps funds
that customers keep in their accounts into the
money market fund.
•
•The
company pays a seven-day average yield of 4.38% on
money in those accounts. That is the highest rate
of any money market fund in the United States, said
Peter Crane, manager editor of IMoneyNet's Money
Fund Report, •2009 -
May:
President Obama Signs New Credit Card
Law• CLICK
FOR MORE 2009 TeleKey Signet -
SPEEDOLLARS
Part
03h
/
• 2006 Wal-Mart - WiTEL Banking.
•
•
It was during this fourth week of 2006, that
China's biggest lender, state-owned Industrial
& Commercial Bank of China, American Express
and Wal-Mart Stores Inc., all face new hurdles in
there bids to open a bank and financial institution
in both China, as well as in the U.S.
•
•
"In doing so, and during the wait and see if
you can period," says Troy Cory, "resistance mounts
among members of the PRC Banking authorities, as
well as in the U.S. Congress and the Federal
Reserve in allowing the world's popular private
credit card issuer, and world's biggest retailer to
start even limited financial
operations."
•
•
In recent days, the Federal Deposit
Insurance Corp., which is reviewing Wal-Mart's
application, said it would probably call a public
hearing on the company's bid -- the agency's first
formal hearing ever on a new bank
application.
•
•
Federal Reserve Chairman Alan Greenspan also
chimed in, urging Congress in a January 20 letter
to close what he called a loophole in U.S. law that
allows corporations to own banks but avoid a level
of federal supervision.
•
•
Rep. Spencer Bachus (R-Ala.) plans a hearing
in the House on industrial banks, and some
lawmakers are expected to propose legislation that
may limit nonfinancial companies' ability to get
into banking activities.
•
•
Industrial banks are state-chartered and
state-regulated and fall under the supervision of
the FDIC. Federal laws that bar nonfinancial
companies from engaging in banking activities do
not classify commercial companies as
banks.
•
•
Wal-Mart said it applied to open an
industrial bank in Utah to handle electronic
payment processing.
•
•
In his letter to Rep. Jim Leach (R-Iowa),
Greenspan said Congress should review the statute
that allows companies to own
banks.
•
•
The Fed chief said the character, powers and
ownership of industrial banks had changed
"materially" since Congress first enacted the
exemption from U.S. law that allows unregulated
companies to buy insured banks for limited
purposes.
•
•
Wal-Mart said Thursday that Greenspan's
letter was about the broader issue of industrial
banks, and not its bank application.
•
•
As for the China / Credit card deal, it was
aimed at building "strategic partnerships" in
banking, insurance and credit card businesses, will
involve the purchase of newly issued shares in the
Beijing-based bank, known as ICBC, the companies
said. The deal is subject to regulatory approval.
•
•
The bank earlier had announced that the
three companies planned to buy a combined 10%
stake.
•
•
Although the transaction will not be
completed until April at the earliest, Allianz will
begin immediately to sell investment funds and life
insurance policies through ICBC's 20,000 outlets, a
spokesman said.
•
•
New York-based American Express confirmed
that it was contributing $200 million to the
deal.
•
•China's biggest lender, state-owned
Industrial & Commercial Bank of China, on
Friday signed a $3.78-billion investment deal with
Goldman Sachs Group Inc., American Express Co. and
Germany's Allianz. 04headline.•2009
-
•
CLICK FOR MORE 2009 TeleKey Signet -
SPEEDOLLARS
••
Part
06h headline/
Acknowledgments ®™©
NBS Authentication - Use
of ISBN - CLICK
FOR MORE FREE USE OF THE NBS
ISBN.
Respectfully
Submitted Josie
Cory ©1956-2010.
Copyright.
