funny invention ideas

funny invention ideas
The history of the credit card is one of the main achievements in the history of the world. While today's consumer economy has led to some of what can be an over-abundance of credit card use, the invention of the credit card is all the way back to the nineteenth century. The concept of a "credit card" was for the first time, for Edward Bellamy in 1887 in his utopian novel "Looking Backward" and its successor, "" equality "." This idea rapidly developed into a significant phenomenon: in 1914, Western Union began issuing cards with its customers and the industry grew even further in the American economic boom of the 1920s, for the specific purpose of selling more oil into the car owners. In 1938, the company began each other to accept credit cards, the expansion of the industry even further.

In 1950, Ralph Schneider and Frank X. McNamara began with the credit card to pay dealers to consolidate multiple purchases. Originally founded as a simple Diners Club, her company is now known as the Diners Club International and was the first independent credit card company in the world, closely followed by American Express. In 1958, the Bank of America, the "Bank Ameritania card", a product that was finally, with "Chargex", the modern Visa. MasterCard was the first time in 1966, when a small group of credit-issuing banks established "master batch". 1966 also marked the beginning of the credit card in the UK, and APACS, the UK Payments Association, has recently published a guide to celebrate the 40th anniversary the credit card.

It is important to note the different trends in the use of credit cards in the world. In the U.S., the consumer economy of the high early twentieth century that the use of cards quickly established practice, and they were soon become an institutional part of everyday life. In Britain, however, during the introduction of credit cards are usually slower, the same pattern emerged. According to APACS, there are currently 31.6 million credit cards in the United Kingdom, which is an average of 2.4 credit cards per person, with large companies such as Barclaycard credit cards to get newer, more flexible offerings for customers. Indeed, the plethora of credit card companies on the market has a number of loan comparison sites like Moneynet credit card comparisons, so consumers can learn more about the decisions on the credit card to use.

But in many European countries, like Germany, France and Switzerland, the introduction of credit cards has always been much slower. It was not until the 1990s that the credit card usage statistics achieved anywhere near the level achieved in the U.S., Canada or Britain. In many of these countries, the acceptance of credit cards is still strongly in the perception of the banking system, regardless of whether they are generally trustworthy. But in a strange change of the trend, new chip-based credit cards were much faster in countries like France, partly because of the nature of the legal framework surrounding banking overdraft loans. These chip-based cards can now be seen is important devices to protect against fraud, and will prove decisive for the future development of the credit card world.

Michael is an avid writer, lives in Edinburgh. Michael's Website: Taxi Belfast