A debt to collecting

Dallas Mavericks owner and “Shark Tank” regular Mark Cuban credits youthful stamp collecting with helping him to better understand the wilder corners of today’s digital market.

Cuban explained in a recent blog post that, as a teen, he noticed that a certain stamp might be sold by multiple vendors at the same philatelic show for very different prices.

“I literally bought a stamp for 50 cents from one stamp dealer and an hour later sold it to another dealer at the same show for $25. I quickly went from being a collector to being ‘an investor,’ trying to take advantage of these inefficiencies,” Cuban wrote.

Today’s young digital investors are targeting similar inefficiencies, in his view. Where stamps, gold, art and other tangible assets require funds to store, sell and ship, digital “goods” require no such outlay.

“And it took me collecting stamps … to truly understand why this is true,” he wrote.

For those “old schoolers” who believe that value can only be had in tangible assets, he suggested that they wake up to the thinking of a generation of digital natives, who have “known their entire lives that what has been of greatest value to them has been digital.”

And in the last three years especially, digital and crypto assets have proven to be legitimate “stores of value,” in his view.

There is a “there, there,” he wrote.

Online security

Starting Feb. 19, the Postal Service will begin blocking all emails that contain credit or debit card data sent to external recipients, to further protect customer and employee information from potential cyberthreats.

This will include emails with #sensitive# in the subject line.

Postal Inspection Service emails containing credit and debit card data for investigatory purposes will be permitted, as well as test emails that contain cardholder data and payment device logs sent to external recipients.

USPS employees and contractors who have a critical need to send credit or debit card data electronically should email the Payment Compliance team to submit a request for an exception.

Exception requests will be evaluated by the Payment Compliance team and the Corporate Information Security Office.

The Postal Service is also reminding employees and contractors that credit or debit cardholder information should never be sent electronically.

USPS-issued personal card numbers, travel card numbers and customer credit and debit card numbers can be exposed to hackers and other cyberthreats when sent in text messages, instant messaging and emails, including emails with #sensitive# in the subject line.

The CyberSafe at USPS Blue and LiteBlue pages have additional information.

Raising revenue

“News Quiz” is a weekly feature that lets you test your knowledge of recent Link stories. The correct answers appear at the end.

1. Fill in the blank: The Postal Service’s total revenue increased (blank) during the three-month period that ended Dec. 31 compared with the same period one year earlier.

a) 5.3 percent
b) 11.1 percent
c) 25 percent
d) None of the above

2. Whom did the USPS Board of Governors elect as chairman at its Feb. 9 meeting?

a) Ron A. Bloom
b) Louis DeJoy
c) Robert M. Duncan
d) Roman Martinez IV

3. True or false: The Postal Service conducts regular and thorough audits of charges expensed to Voyager cards.

a) True
b) False

4. How many people subscribed to Informed Delivery at the end of 2020?

a) 330,000
b) 3 million
c) 33 million
d) 330 million

5. Postmasters, managers and customer services supervisors recently received a kit to promote which USPS sales lead program?

a) Business Connect
b) Customer Connect
c) Mail Handlers
d) Submit a Lead

Answers: 1) b. 2) a. 3) a. 4) c. 5) a.

Share your feedback at uspslink@usps.gov. Your comments could be included in the “Mailbag” column.