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Issued their own propriety cards
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American Express Formed in the year 1850
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issued their own propriety cards
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The first bank card, called "Charg-it", was introducted in 1946 by John Biggins. (Biggin's Bank)
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The first bank card, named "Charg-It," was introduced in 1946 by John Biggins, a banker in Brooklyn.
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The Diner Club Card was invented in 1949 by Frank McNamara and Ralph Schneider.
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the first bank credit card appeared in New York's Franklin National Bank for loan customers.It also could be used only by the bank's account holders.
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The number of Diner cardholders reached 20,000 people.
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American Express emerged into the credit card industry with its own pruduct, a purple charge card for travel and entertainment expenses. In 1959, American Express introduced the first card made of plastic (previous cards were made of cardboard or celluloid).
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In 1959, the option of maintaining a revolving balance was introduced, according to MasterCard. This meant cardholders no longer had to pay off their full bills at the end of each cycle
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In 1959, the option of maintaining a revolving balance was introduced
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All Diner Cards became Plastic.
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"The general-purpose credit card was born in 1966, when the Bank of America established the BankAmerica Service Corporation that franchised the BankAmericard brand (later to be known as Visa) to banks nationwide
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In 1966, a national credit card system was formed when a group of credit-issuing banks joined together and created the InterBank Card Association.
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In 1966, a national credit card system was formed when a group of credit-issuing banks joined together and created the InterBank Card Association.
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Discover Card, originally part of the Sears Corporation. Its first card was unveiled at the 1986 Super Bowl.
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it wasn't until 1987 that American Express issued a credit card allowing customers to pay over time rather than at the end of every month.
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the closed loop syetem was invented
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The general-purpose credit card was born in 1966, when the Bank of America established the BankAmerica Service Corporation that franchised the BankAmericard brand
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Paypal was created
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CRedit card chips can be implanted in a phone for easy charging
