Travel

January, 1980

Several months ago, I caused an extensive (and expensive) brouhaha in travel circles when I decided to try to find out which of the conflicting claims about traveler's-check refundability was really true. My findings proved that the truth can sure stir up a hornet's nest--especially when the hornets are worth 25--30 billion dollars annually.The experiment sounded pretty simple at the start: I had a member of my staff purchase traveler's checks from each of the five best-known sources--American E...