The First Credit Card: A Historical Overview of Diners Club and Visa, Diapositivas de Inglés

¡Descarga The First Credit Card: A Historical Overview of Diners Club and Visa y más Diapositivas en PDF de Inglés solo en Docsity! CREDIT CARS Hi guys. I’m Jonathan Aruquipa and I’m going to you talk about What is the first credit card? Normally, the first card is referred to as the one that Diners Club took out. Its founder, Frank X. McNamara, went to dinner at a restaurant where curiously they were talking about a customer who was having trouble meeting his payments. But he realized that he had forgotten to bring enough money to pay the bill. In 1958 the Bank of America made the first credit card which later changed its name to how we know it today: Visa Card. CURIOUS FACT This new business model consisted of intermediating between the buyer and the establishment. What happened with the money? Plastic and electronics, all controlled by a certain bank, became the purse or wallet. In fact, it was then that people began to talk about "plastic money", money that was soon to replace traditional money in restaurants, shops, airports, stations, hotels ... Safe Now you don’t need bring money for buy something. The credit card has several benefits: Can buy in another country Can buy things on the internet.