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The First National City Charge Service, marketed as The Everything Card, was an early credit card introduced by First National City Bank (now Citibank) in the eastern United States in 1967. It was intended as a response to the BankAmericard (today's Visa card), issued by BankAmerica.
Later to become part of MasterCard, the bank introduced its First National City Charge Service credit card—popularly known as the "Everything Card"—in 1967. In 1967, Walter B. Wriston became chairman and chief executive officer of the bank. [39] In the 1960s, the bank entered into the credit card business.
The Choice logo, introduced in 1980, appeared in white on the solid dark blue card, as well as on merchant acceptance signs. Choice was a credit card test marketed by Citibank in the United States, announced in 1977, and first issued in 1978. It was one of the first cards to offer a cash refund program, and no annual fee.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp.As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time.
JVL Ventures, LLC d/b/a Softcard (formerly Isis Mobile Wallet), was a joint venture between AT&T, T-Mobile and Verizon which produced a mobile payments platform known as Softcard, which used near-field communication (NFC) technology to allow users to pay for items at stores and restaurants with credit and debit card credentials stored on their smartphones.
The first online credit card was launched in September 1999. [2] It was only possible to operate an Egg account over the internet, or via their call centre. Egg specialised in savings and general insurance, together with loans, credit cards and mortgage products. [3] The business was sold in January 2007 to Citigroup.
On June 14, 1968, Citibank Indonesia was established under the Ministry of Finance Decree No. D.15.6.1.4.23. It began its operations in Hotel Indonesia with an initial staff of 15 employees. In 1986, Citi was the first foreign bank to introduce ATMs in Indonesia. In 1989, Citi was the first foreign bank to introduce credit cards in Indonesia.
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