Diners Club were the first to develop a credit card in the year 1950. This company was founded by Frank X. McNamara, Ralph Schneider and Matty Simmons. This is also the first independent credit card company in the world.
Diners Club credit cards were first credit cards started in 1950 in New York by McNamara Bloomingdale and Sneider ,they started a new company in 1950 which they called the Diners Club. The Diners Club credit card continued to grow more popular and didn’t receive competition until 1958. In that year, both American Express and the Bank America (later called VISA) arrived.
eAnswers Team
Diners Club were the first to develop a credit card in the year 1950. This company was founded by Frank X. McNamara, Ralph Schneider and Matty Simmons. This is also the first independent credit card company in the world.
For detail: http://en.wikipedia.org/wiki/Diners_Club_International
H.P.Dubey
Diners Club credit cards were first credit cards started in 1950 in New York by McNamara Bloomingdale and Sneider ,they started a new company in 1950 which they called the Diners Club. The Diners Club credit card continued to grow more popular and didn’t receive competition until 1958. In that year, both American Express and the Bank America (later called VISA) arrived.