Tuesday, February 15, 2011

First credit-card payment

In February 1950, Frank McNamara made the first recognized credit-card payment at a New York City restaurant with his Diner's Club credit card. The credit-card was born! By 1952, the Diner's Club Card was accepted by thousands of merchants who enjoyed the new buying power of their customers. This spawned other credit cards including The American Express card and the BankAmericard.
More Famous Firsts

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