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Diners Club International (DCI), founded as Diners Club, is a charge card company owned by Discover Financial Services.Formed in 1950 by Frank X. McNamara, Ralph Schneider (1909–1964), [3] Matty Simmons, and Alfred S. Bloomingdale, it was the first independent payment card company in the world, successfully establishing the financial card service of issuing travel and entertainment (T&E ...
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. Issued under the initiative of National City Bank President ...
The first cards were made of paper, with the account number and card member's name typed. In 1959, American Express became the first company to issue embossed plastic cards. [21] In 1966, American Express introduced the Gold Card for "big-spending members". [22] [23] In 1977, James D. Robinson III became chairman and CEO of the company. [24]
Diners Club, the first major travel and entertainment charge card, had been introduced in 1950, and American Express and Carte Blanche followed in 1958, but all of these offerings had to have bills repaid in 30 days and were accepted by a limited number of vendors. [1]
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...
Visa Inc. (/ ˈviːzə, ˈviːsə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [ 1 ][ 4 ] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. [ 5 ]
Mastercard Inc. (stylized as MasterCard from 1979 to 2016, mastercard from 2016 to 2019) is an American multinational payment card services corporation headquartered in Purchase, New York. [ 3 ] It offers a range of payment transaction processing and other related-payment services (such as travel-related payments and bookings).