The creator of the first bank issued card was Mr. John Biggins of the Flatbush National Bank of Brooklyn in New York around 1946.
Biggins created the “Charge-It” program. Merchants could send sales slips into the bank after a customer used the card with them and the bank would then go and bill the customer back.
510
1.85K reads
CURATED FROM
IDEAS CURATED BY
“I like to challenge myself and give myself a timeline. It pushes me to be more creative and actually do these things, not just dream about them.”
The idea is part of this collection:
Learn more about crypto with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Related collections
Similar ideas to The First Bank Issued Card - Around 1946
The inventor of the first bank-issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York.
In 1946, Biggins invented the "Charge-It" program between bank customers and local merchants. The way it worked was that merchants could deposit sa...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates