Change Preferences | Sign Out
SEARCH:
washingtonpost.com
Web
| Search Archives
FREE Article Preview
     Buy Complete Document   Buy Page Print 
D.C. Credit Card Firm's Assets Frozen; Judge Acts After Visa, MasterCard Allege Scheme
[FINAL Edition]
The Washington Post (pre-1997 Fulltext) - Washington, D.C.
Author: Kathleen Day
Date: Jun 15, 1988
Start Page: f.01
Section: FINANCIAL
Text Word Count: 583

MoneyCard Systems Inc. of Washington and its president and chief executive, Barry Grimes-Hardie, also were ordered to stop using the Visa and MasterCard trademarks, a lawyer for Visa and MasterCard said.

In the suit filed yesterday, Visa and MasterCard said that in late 1986 federal and state banking regulators ordered Universal to sever ties with MoneyCard. Nevertheless, MoneyCard continued to issue Visa and MasterCards under the Universal Bank name, the suit said.

MoneyCard's main office is on T Street NW in the District, but it has a branch in Oakland, Calif. The suit was filed in San Francisco because MoneyCard issued at least 3,000 cards in California, said Visa and MasterCard attorney Daniel Bookin.

Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
     Buy Complete Document   Buy Page Print 


Ads by Google


Most Viewed Articles  (Updated Daily)
  •  Knickerbocker Disaster Worst in 50 Years; Snow Weight Cracked Roof; Indictments Thrown Out by Just...
  •  Miss D.C. Captures A Miss U.S.A. Title With Tresses Intact
  •  Melvin Purvis to Wed Janice Jarratt, Actress
  •  Arctic Ocean Getting Warm; Seals Vanish And Icebergs Melt
  •  Evangelist's Death Dueto 'Alcoholism'

About the Archive | Pricing | Account & Purchases | Help | Terms of Service