Search results
Results from the WOW.Com Content Network
The first bank cards were ATM cards issued by Barclays in London, in 1967, and by Chemical Bank in Long Island, New York, in 1969. [3] In 1972, Lloyds Bank issued the first bank card to feature a personal identification number (PIN) for security along with the information-encoding magnetic strip. [4]
The first bank cards were automated teller machine (ATM) cards issued by Barclays in London in 1967, [5] and by Chemical Bank in Long Island, New York, in 1969. [6] In 1972, Lloyds Bank issued the first bank card to feature an information-encoding magnetic strip, using a personal identification number (PIN) for security. [7]
In 1997 AzeriCard was credited with creating the very first bank card in the country of Azerbaijan; the card was issued by the International Bank of Azerbaijan. [ 7 ] AzeriCard’s systems work with MasterCard, Visa, American Express, Diners Club, UnionPay and JCB International.
In 1969, the card was absorbed into Master Charge (now known as MasterCard), another card that had been developed by a membership association of four banks, the Interbank Card Association, which National City Bank joined. [2] Citibank, as First National City Bank came to be known in 1976, made a further attempt in 1977 to create a proprietary ...
The size of ATM cards is 85.60 mm × 53.98 mm (3.370 in × 2.125 in) and rounded corners with a radius of 2.88–3.48 mm, in accordance with ISO/IEC 7810#ID-1, the same size as other payment cards, such as credit, debit and other cards. They also have a printed or embossed bank card number conforming with the ISO/IEC 7812 numbering standard.
The ID-1 format specifies a size of 85.60 by 53.98 millimetres (3 + 3 ⁄ 8 in × 2 + 1 ⁄ 8 in) and rounded corners with a radius of 2.88–3.48 mm (about 1 ⁄ 8 in). This format is also referred to as CR-80 and, for travel documents, TD1. It is commonly used for payment cards (ATM cards, credit cards, debit cards, etc.).
Most bank cards in Hong Kong for saving / current accounts are equipped with EPS and UnionPay, which function as a debit card and can be used at merchants for purchases, where funds are withdrawn from the associated account immediately. EPS is a Hong Kong only system and is widely accepted in merchants and government departments.
Bankcard was a shared brand credit card issued by financial institutions in Australia and New Zealand between 1974 and 2006. It was managed by the Bankcard Association of Australia, a joint venture of Australia's largest banks, and was the nation's first mass market credit card.