The origin of credit cards

Credit card originated in the United States in 1915.
The agency issued the credit card is not bank from the very beginning, but a number of department stores, restaurants, entertainment and gasoline companies. Some stores in the United States, for the food and beverage outlets to attract customers in the marketing of goods, to increase their turnover, selectively distributed within a certain range of customers similar to a metal emblem credit chips, and later made into a plastic card, as customers buy Certificate of consumer goods, carried out by credit chips in the firm or company or the purchase of petrol station credit services, customers can issue a bargaining chip in these stores and their merchandise credit semicolon, about payments. This is the embryonic form of credit cards.
It is said that one day, the U.S. businessman Frank McNamara, dining with guests in one New York hotel,after dinner he found his wallet was forgot to bring, which is deeply embarrassed, had called his wife to bring cash to closing the hotel. McNamara then had a idea to create a credit card company.In spring of 1950, McNamara and his friends invest Cooperation Schneider 10,000 U.S. dollars in New York created the DinersClub. DinersClub provide members a card which was a proof of identity and ability to pay , card members can book their consumption with the card. The card which is no need to apply in bank is still the nature of the credit card business.
In 1952, California, the Franklin National Bank as a financial institution issue the first credit card. In 1959, America Bank in the United States issued bank cards in California. Since then, many banks joined the ranks of card-issuing bank. By the 1960s, credit card banks will soon be widely welcomed by all sectors of society, and the rapid development of the credit card not only in the United States and the United Kingdom, Japan, Canada and the European countries are also catching on. From the beginning of the 1970s, Hong Kong, Taiwan, Singapore, Malaysia and other developing countries and regions have begun to issue credit card business.