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The first bank was established in the United States.
Proposed by Alexander Hamilton, the Bank of the United States was established in 1791 to serve as a repository for federal funds and as the government's fiscal agent. -
The first mint in the United States opened in Philadelphia.
The Coinage Act of 1792 was entered into law on April 2. It proclaimed the creation of the United States Mint. Philadelphia at that time was the nation's capital; therefore the first mint facility was built there. -
Bank of America issues the first credit card.
Diners Club introduced its credit card in 1951 to 200 customers. The card allowed them to charge their meals at an initial 27 restaurants throughout the New York City area. American Express also launched its credit card, primarily designed for use in travel and entertainment. -
The first successful ATM installed in the USA.
On September 2, 1969, Chemical Bank installed the first ATM in the U.S. at its branch in Rockville Centre, New York. The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card. -
Money can now be transferred electronically across computer terminals.
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When were debit cards introduced.
Since being introduced in 1994, IDP has become the most popular payment method in the country. Previously, debit cards have been in use for ABM usage since the late 1970s, with credit unions in Saskatchewan and Alberta introducing the first card-based, networked ATMs beginning in June 1977. -
Ability to electronically pay your bills online.
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Contactless payment cards and “fobs” are developed.
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When able to carry your credit cards electronically on your cell phone.
Mobile payment is being adopted all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In 2008, the combined market for all types of mobile payments was projected to reach more than $600 billion globally by 2013, which would be double the figure as of February 2011. -
The Card Act passed which provided consumers with a choice regarding overdraft protection.
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You can scan your fingerprint at the checkout stand to pay for items.
The store, at Brunel University in London, enables students to pay for their shopping without cash, cards or their phone, as they can simply scan their finger on a fingerprint recognition gadget, which links this unique biometric map to their bank cards.