The first VISA card was issued by Bank of America in California. The VISA Card began life as the Bank of Americard, one of the first Rolling Credit cards. VISA is a word that can be pronounced the same way all over the world.
The first Credit Card issued in the UK was q Barclaycard which was branded with the Visa logo.
In the early days of Credit Cards, you had to look for a VISA or ACCESS logo in shop windows to find out if they accepted cards.
The word “Credit” comes from a latin word, meaning belief or trust./li>
The magnetic strip on the back of your credit or debit card is similar to the magnetic tape found in a cassette and uses technology invented during the Second World War.
In 1967, the world’s first cash machine was introduced outside a Barclays branch in Enfield, North London.
The PIN or Personal Identification Number was brought in with the introduction of this first cash machine in the United Kingdom.
America’s first ATM or Automated Teller Machine was introduced outside Chemical Bank, in Rockville Center, New York.