R. D. Wingfield - Credit Risk Podcast By  cover art

R. D. Wingfield - Credit Risk

R. D. Wingfield - Credit Risk

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A man walks into Dobson's Department Store and heads toward the Men's Jewelry area. Miss James, working behind the counter says "Can I help you sir? He says "Yes, I want one of those electronic watches". She says "Certainly sir, which model? They start at... " He interrupts her and says "Never mind the price, uh, that one. You do take the Sesame Credit Card don't you?" She says "We accept all cards, sir. It's a lovely watch isn't it, I'll show you how it works". He says "Oh, it doesn't matter, I'm in a hurry". She says "Very well, if you'd let me have your credit card, we'll be phoning it through while I make out your receipt". He says "What do you mean by phoning it through? She says "It's just routine sir, for a purchase over a certain amount, we have to get authorization from the credit card company. It won't take long". He says "No, forget it. I don't want the watch. How about the cigarette case there, the small one for 6 pounds, 60. Would you have to get authorization for that?" She says "Not for a small amount sir". He says "All right, I'll have that".

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