One card is the world
-the invention and use of credit cards in 195. In 195, 35-year-old Manhattan credit expert McNamara invented the credit card. The first batch of 2 dinner club members can dine on credit in 27 hotels in new york. Credit card can not only save people from the trouble and danger of traveling around with money, but also concentrate the idle consumption funds of the people in the bank, which increases the sources of bank credit funds.
one day more than 5 years ago, McNamara, a 35-year-old Manhattan credit expert, had to call his wife to send money after eating in a restaurant because he didn't have enough money. This made him feel very embarrassed. But he thinks this situation is completely avoidable. So he organized a "Diners Club" according to his own idea, and the participants can charge their expenses in the restaurant with a dining charge card without paying cash. This is the earliest credit card.
what are the benefits of credit cards for people? A friend told me this: In the past, when he traveled all over the country to do business, he had to bring a lot of cash, which was not only troublesome but also dangerous. With a credit card, he didn't have to go out with a lot of money. In addition, because credit cards can be overdrawn in good faith, that is, the cardholder overdraws within the limit set by the issuing bank and repays the principal and interest within the specified time, which means that you can borrow some money from the bank at any time.
what does a credit card mean to a bank? For banks, there are two kinds of people they dislike the most. One is a person who never borrows money, because the bank can't get interest from him. You should know that the interest rate of credit card beyond the repayment period is higher than that of any kind of loan. The other is the person who can't pay back the money, which will directly affect the income of the bank. But in fact, for credit card users, there is almost no problem with the latter, because banks have gone through careful investigation before establishing credit cards for cardholders, and their fixed assets can stand the "trust". For cardholders, a "foul" will be scored in the "another book" of credit consumption, which will directly affect their business reputation and the credit line they will enjoy in the future. Banks try their best to promote credit cards, not only because credit cards can concentrate private idle consumption funds in banks, increase the sources of bank credit funds and expand the transfer and settlement business, but more importantly, it is inevitable that people will not overdraw when they have credit cards, and overdraft will often make banks get high interest.
let's take Citibank in the United States as an example. In 199, Citibank made a net profit of $9 million, of which 8% was credit card income, and 75% of credit card income came from overdraft interest income. In order to keep this income, Citibank assured its cardholders that once there is a problem with the goods purchased with Citibank's credit card, Citibank will take full responsibility.
because the general credit card is a common plastic magnetic stripe card, it is easy to be forged or used under false names. To this end, people have invented many security cards, such as smart cards and smart cards. The smart card is equipped with a microprocessor made of integrated circuits, which has the function of controlling and storing. Cardholders can make their own programs and enter passwords, which cannot be used or copied by others. Bell Institute of Communication also invented a credit card that can respond to sound. The computer chip on the card digitally records the user's password. When using the password, the cards can be automatically compared, and they can only be used if they match. It has a high ability to recognize sounds, with an accuracy rate of 98%, and is not afraid of being copied and imitated.
in March, 1985, China's first credit card, BOC Card, was issued by Zhuhai Branch of China Bank in Zhuhai, Guangdong. In 1993, China implemented the "Golden Card Project" aimed at the development of bank credit card networking, which promoted the popularization of credit cards. The number of credit cards issued by banks nationwide increased by 76% every year, and the number of special merchants increased by 51% every year. In 1999, the total number of credit cards in China was estimated to have exceeded 17 million. In countries where credit cards are popular, a person has several cards, and ATMs can handle all kinds of business 24 hours a day.