The First Credit Card - The Concept Of Franc McNamara

@kukkad (511)
India
March 31, 2007 5:54am CST
Hello Friends. Did you know which was the first Credit Card. The Answer is - Diner Club. The Credit Card in today's sense was was invented in 1950 by an innovative, Franc McNamara and Ralph E. Cutter. The initial product was meant for selected New York restaurants for feeding on credit to be used. But, the product was so popular that, the close target group definition as well as Industry and frontiers were turned around. The next universal credit card was national across the US in August' 1951. The evolution of forms of Credit Cards, the features attached with them has been ever changing to serve the users better. The whole point here is........ everyone who reads this discussion must have come across such related innovations. And, they might be sitting on them. If you ever come across innovative ideas that can change the way the world moves...... please do try to make them happen. You might be the next "Franc McNamara"........ Quote :- "Many people disguise opportunities as hard work" Please do not be one of them......... if you have an idea.... do not let it die. Let the light bulb keep glowing inside you. You might get a chance to implement your ideas some day, if not today.
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