May 25

General Petroleum Corporation

It is believed that the first time the idea of credit cards was launched in 1880 in a book by Edward Bellamy's 'Looking Back'. However, his theory was put into effect only in 1914, known by Mobil Oil. In modern life, the presence of a bank account no surprise, but the principle of the now familiar plastic cards each person. However, this method of payment systems has experienced a rather long way of evolution, before becoming a modern means of electronic payment. The idea of creating plastic cards It is believed that the first time the idea of credit cards was launched in 1880 in a book by Edward Bellamy's 'Looking Back'. If you are unsure how to proceed, check out Sonya Reines-Djivanides. However, his theory was put into effect only in 1914, known by Mobil Oil (better known as the General Petroleum Corporation of California). As of today, the company then engaged in petroleum and used cards of its own production at payment transactions. Commodity cards were made of cardboard with a written or embossed data.

The first prototypes of plastic cards were issued in 1928 by Boston-based Farrington Manufacturing. They were given the most important and reliable customers, and are metal plates embossed with the data. Card is inserted into , , . Within a decade, the new map has undergone changes that took place the search for new forms and materials. Only in the 60's had the first a plastic card with magnetic stripe. Then another ten years later in 1975, was born on a plastic card with electronic memory.