Multi-use credit card is offered by A.T.&T

Article Abstract:

AT&T enters the crowded and competitive credit card business with a combination telephone-calling card and general-purpose credit card affiliated with Visa and Mastercard International. AT&T will not issue a card of its own. Instead, the new cards will have AT&T's name and corporate logotype on them, but they will be issued by the Universal Bank of Columbus, GA, and they will be called the AT&T Universal Card. This card is an example of a so-called affinity credit card, which carries the name of a company or organization that helps promote its use in return for a share of profits earned by the issuing bank. AT&T will offer the credit card free of annual fees to users who sign up during the first year and make at least one purchase annually.

Commercial Banks, Innovations, Credit cards, Long distance telephone services, Bank credit cards, Telephone, Telephony, Long-distance telephone service, Credit Authorization, Universal Bank of Columbus, Georgia

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A.T.& T. plans to offer faster data transfer

Article Abstract:

AT&T will offer a high-speed data-transmission service that uses a technology known as frame relay. The technology is said to be 30 times as fast as previously used methods. The new service will be especially useful to organizations such as banks, hospitals and insurance companies, which need fast, high-capacity data capabilities. Frame relay is especially important because it is a transitional technology to 'cell relay,' a technology that is 2,770 times as fast as methods that are now used. Frame relay carries text, numbers and images. Cell relay, which will be available in three to five years, will carry voice, video or data.

Telephone and telegraph apparatus, Telecommunications services industry, Telecommunications industry, Telecommunications, Packet switches, Data communications, Telecommunications transmission technologies, Packet switching, Frame relay, Communications Technology, Packet Switch

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