"preferences of the client, this may allow the card to be used as an ATM card, enabling transactions at automatic teller machines; or as debit card, linked to the client's bank account and able to be used for making purchases at the point of sale; or as a credit card attached to a revolving credit line supplied by the bank. The first bank cards were ATM cards issued by Barclays in London, in 1967, and by Chemical Bank in Long Island, New York, in 1969. In 1972, Lloyds Bank issued the first bank card to feature an information-encoding magnetic strip,"
"Barclaycard Barclaycard (; stylized as barclaycard) is a multinational credit card and payment services provider, and a division of Barclays plc. Barclaycard has over ten million customers in the United Kingdom. Barclaycard was launched on 29 June 1966, initially as a charge card, but following Bank of England agreement to the offering of revolving credit it became the first credit card in the United Kingdom on 8 November 1967. It enjoyed a monopoly of the credit card market in the United Kingdom, until the introduction of the Access card in 1972. Barclaycard was not the first payment card to be"
"Access (credit card) Access was a British and Irish credit card brand used by three of the big four banks in the United Kingdom, plus a couple of other banks between 1972 and 1996. It was established by a consortium of banks in the United Kingdom, to rival the already established Barclaycard. It became defunct in 1996, when it was taken over by MasterCard. The Access card was introduced in the United Kingdom on 23 October 1972 by a consortium consisting of the National Westminster Bank, the Midland Bank, Lloyds Bank and the National and Commercial Banking Group, as a"
"female bank manager. Hilda Harding managed Barclays' Hanover Square branch in London until her retirement in 1970. In 1965, Barclays established a US affiliate, Barclays Bank of California in San Francisco. Barclays launched the first credit card in the UK, Barclaycard, in 1966. On 27 June 1967, Barclays deployed the world's first cash machine, in Enfield. The British actor Reg Varney was the first person to use the machine. In 1969, a planned merger with Martins Bank and Lloyds Bank was blocked by the Monopolies and Mergers Commission, but the acquisition of Martins Bank on its own was later permitted."
"issued in the United Kingdom though; Diners Club and American Express launched their charge cards in 1962 and 1963 respectively. Barclaycard was originally a BankAmericard licensee, and became part of the Visa network on its formation in 1975. In July 2003, Barclaycard took over the United Kingdom wing of the American Company Providian National Bank, known as Monument, when it was sold off due to financial irregularities of its American parent company. Barclaycard sold the Monument business and premises to Compucredit in April 2007. In March 2011, Barclays announced that it would be buying the British credit card business arm"
"as Verified by Visa and MasterCard Secure Code), nor for most contactless transactions. In the United Kingdom, banks started to issue debit cards in the mid-1980s in a bid to reduce the number of cheques being used at the point of sale, which are costly for the banks to process; the first bank to do so was Barclays with the ""Barclays Connect"" card. As in most countries, fees paid by merchants in the United Kingdom to accept credit cards are a percentage of the transaction amount, which funds card holders' interest-free credit periods as well as incentive schemes such as"
"banking system under the Glass–Steagall Act meant that credit cards became an effective way for those who were traveling around the country to move their credit to places where they could not directly use their banking facilities. There are now countless variations on the basic concept of revolving credit for individuals (as issued by banks and honored by a network of financial institutions), including organization-branded credit cards, corporate-user credit cards, store cards and so on. In 1966, Barclaycard in the United Kingdom launched the first credit card outside the United States. Although credit cards reached very high adoption levels in"
"with an ATM card. ATM cards can also be used on improvised ATMs such as ""mini ATMs"", merchants' card terminals that deliver ATM features without any cash drawer. These terminals can also be used as cashless scrip ATMs by cashing the receipts they issue at the merchant's point of sale. Historically, bank cards have also served the purpose of a cheque guarantee card, a now almost defunct system to guarantee cheques at point of sale. The first bank cards were ATM cards issued by Barclays in London in 1967 and by Chemical Bank in Long Island, New York, in 1969."
"the Joint Credit Card Company (with Lloyds Bank, Midland Bank and Williams & Glyn's Bank) which launched the Access credit card (now part of MasterCard) in 1972 and in 1976 it introduced the ""Servicetill"" cash machine. The same banks, excluding Lloyds, were later responsible for the introduction of the Switch debit card (later branded Maestro) in 1988. Deregulation in the 1980s, culminating in the Big Bang in 1986, also encouraged the bank to enter the securities business. County Bank, its merchant banking subsidiary formed in 1965, acquired various stockbroking and jobbing firms to create the investment banking arm County NatWest."
"involving Clubcards with a magnetic strip for ATM withdrawals. Dyer sent several letter bombs, one of which exploded when the recipient opened it, before Dyer was arrested in February 2001. David Sainsbury, then chairman of J Sainsbury plc, rejected the idea of introducing a similar scheme. However, the effect that Clubcard had on Sainsbury's sales led to the reversal of that decision, with the launch of the Sainsbury's Reward Card in June 1996. After two slight amendments to the design of cards in the 1990s by Evans Hunt Scott's creative team, the scheme had a major relaunch in 2005 with"
"1987, the first debit card in the United Kingdom. In 1988, Barclays sold Barclays Bank of California, which at that time was the 17th-largest bank in California measured by assets, to Wells Fargo for US$125 million in cash. Edgar Pearce, the ""Mardi Gra Bomber"", began a terror campaign against the bank and the supermarket chain Sainsbury's in 1994. In 1996, Barclays bought Wells Fargo Nikko Investment Advisors (WFNIA) and merged it with BZW Investment Management to form Barclays Global Investors. Two years later, in 1998, the BZW business was broken up and parts were sold to Credit Suisse First Boston:"
"and the first venture in England, in Blackpool). Goldberg's also owned the Schuh, and Ted Baker chains. Goldbergs had its own in-house credit arrangements for its customers, based on three months' credit, plus a 5 per cent discount if the bill was settled at the end of three months. This offering was transformed into the Style credit card which benefited from the large customer base and the new EPoS system. Style was launched at the beginning of 1982 and followed the lines of other credit cards with no interest incurred for prompt monthly payment. Otherwise, minimum monthly payments could be"
"world, and in 1976, all BankAmericard licensees united themselves under the common brand Visa. In 1966, the ancestor of MasterCard was born when a group of banks established Master Charge to compete with BankAmericard; it received a significant boost when Citibank merged its own Everything Card, launched in 1967, into Master Charge in 1969. Early credit cards in the U.S., of which BankAmericard was the most prominent example, were mass-produced and mass mailed unsolicited to bank customers who were thought to be good credit risks. They have been mailed off to unemployables, drunks, narcotics addicts and to compulsive debtors, a"
"in the mid-1960s in London and Scotland. The first recorded British credit union was the Hornsey Co-operative, established 1964 in North London by Caribbean families, and is the foundation of what is now London Capital Credit Union. Credit unions were popular in the Caribbean and large numbers of first generation Caribbean-British would become members of credit unions. By 1998, 38% of Caribbean British adults were members of credit unions. In Scotland, several credit unions were established by immigrants from Ireland. In Glasgow, credit union coverage and membership remains broad: one in six Glaswegians is member of a credit union, with"
"base of operations. In 1969, the card was absorbed into Master Charge (now known as MasterCard), another card that had been developed by a membership association of four banks, the Interbank Card Association, which National City Bank joined. Citibank, as First National City Bank came to be known in 1976, made a further attempt in 1977 to create a proprietary credit card that was not tied to either Master Charge or Visa. The Choice card was, like the Everything Card, a regional credit card issued only by Citibank. It also proved unsuccessful, and its cards were reissued as Visa cards"
"in the UK is one of the most significant in the world, with most major chains operating some form of reward system. Passcard has been claimed to be the first reward scheme or discount card, created around by Gary Wilson in 1981 and later known as Passkey. One of the first loyalty cards backed by a major chain is believed to be the Sainsbury's Homebase Spend and Save Card in 1982. Of the ""big four"" supermarkets, Sainsburys and Tesco and Morrisons operate loyalty cards for general supermarket shopping.Tesco's Clubcard scheme have been criticised for not offering value for money. When"
"and supplied cash as a three-month loan at 5% p.a. after inserting a credit card. The device was operational in 1966. Adrian Ashfield invented the basic idea of a card combining the key and user's identity in February 1962. This was granted UK Patent 959,713 for ""Access Controller"" in June 1964 and assigned to W. S. Atkins & Partners who employed Ashfield. He was paid ten shillings for this, the standard sum for all patents. It was originally intended to dispense petrol but the patent covered all uses. In the US patent record, Luther George Simjian has been credited with"
"The Everything Card The First National City Charge Service, marketed as The Everything Card, was an early credit card introduced by First National City Bank (now Citibank) in the eastern United States in 1967. It was intended as a response to the BankAmericard (today's Visa card), issued by BankAmerica. Issued under the initiative of National City Bank President Walter B. Wriston, the card followed the bank's purchase of an interest in the Carte Blanche charge card. However, the card proved to be limited by its regional scope, as it was tied to the area surrounding the bank's New York City"
"continued to be issued. Likewise, in the same month The Royal Bank of Scotland Group (Europe's largest debit card issuer which includes the Royal Bank of Scotland, NatWest, Coutts and Ulster Bank) switched from Maestro to Visa Debit, a process that would take two years to complete. Switch (debit card) Switch was a debit card brand in the United Kingdom from 1988 until 2002. It was then merged with Maestro, which is owned by MasterCard. Switch was launched in 1988 by Midland Bank, National Westminster Bank and the Royal Bank of Scotland as a multifunction cheque guarantee and cash card."
"credit cards. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company was established in 1880 by Joshua Kelley Waddilove to provide affordable credit to families in West Yorkshire. It has moved into a , £45 million, flagship headquarters building in the city centre creating hundreds of jobs for the city. The building also houses a 200-bed Jurys Inn hotel. In October 2011 Plans to regenerate Bradford city centre, including the long-delayed Broadway shopping centre, was given a boost as Bradford Council secured £17.6 million of regional growth funding from the"
"in 1987. The Everything Card The First National City Charge Service, marketed as The Everything Card, was an early credit card introduced by First National City Bank (now Citibank) in the eastern United States in 1967. It was intended as a response to the BankAmericard (today's Visa card), issued by BankAmerica. Issued under the initiative of National City Bank President Walter B. Wriston, the card followed the bank's purchase of an interest in the Carte Blanche charge card. However, the card proved to be limited by its regional scope, as it was tied to the area surrounding the bank's New"
"United Kingdom. By 1923, Lloyds Bank had made some 50 takeovers, one of which was the last private firm to issue its own banknotes—Fox, Fowler and Company of Wellington, Somerset. Today, the Bank of England has a monopoly of banknote issue in England and Wales. In 2011, the company founded SGH Martineau LLP. In 1968, a failed attempt at merger with Barclays and Martins Bank was deemed to be against the public interest by the Monopolies and Mergers Commission. Barclays finally acquired Martins the following year. In 1972, Lloyds Bank was a founding member of the Joint Credit Card Company"
"million accounts—one in four Britons—with £283 million (£ million today) on deposit. The British system first offered only savings accounts. In 1880, it also became a retail outlet for government bonds, and in 1916 introduced war savings certificates, which were renamed National Savings Certificates in 1920. In 1956, it launched a lottery bond, the Premium Bond, which became its most popular savings certificate. Post Office Savings Bank became National Savings Bank in 1969, later renamed National Savings and Investments (NS&I), an agency of HM Treasury. While continuing to offer National Savings services, the (then) General Post Office, created the National"
"credit cards, such as free incentives (points, cashback etc. (the Tesco Bank debit card being one exception)), interest-free credit and protection against defaulting merchants under Section 75 of the Consumer Credit Act 1974. Almost all establishments in the United Kingdom that accept credit cards also accept debit cards, but a minority of merchants, for cost reasons, accept debit cards and not credit cards. It is the West Africa Economic and Monetary Union federating eight countries: Benin, Burkina Faso, Côte d'Ivoire, Guinée Bissau, Mali, Niger, Senegal and Togo. GIM-UEMOA is the regional switch féderating more than 120 members (banks, microfinances, electronic"
"David Jones became the first major retailing organisation to accept Bankcard and by 1976 the card was accepted by almost every Australian department chain. Within 18 months of the card's issue, there were more than one million cardholders, representing more than 6% of the Australian population. 1983 saw the expansion of Bankcard to New Zealand. By 1984, there were more than five million cardholders in Australia and New Zealand. In 1986 there was a dispute between the banks as to whether Bankcard would be included in the then new electronic banking EFTPOS system. At the time, Westpac and the Commonwealth"
"one-line displays that allowed customers to get basic account information without a bank teller. In the 1960s the bank entered into the credit card business. In 1965, First National City Bank bought Carte Blanche from Hilton Hotels. Three years later, the bank (under pressure from the U.S. government) sold this division. By 1968, the company created its own credit card. The card, known as ""The Everything Card"", was promoted as a kind of East Coast version of the BankAmericard. By 1969, First National City Bank decided that the Everything Card was too costly to promote as an independent brand and"
"computer access, door access, car access), internet transactions or to log into a restricted website. The PIN originated with the introduction of the ATM in 1967, as an efficient way for banks to dispense cash to their customers. The first ATM system was that of Barclays in London, in 1967; it accepted cheques with machine-readable encoding, rather than cards, and matched the PIN to the cheque. 1972, Lloyds Bank issued the first bank card to feature an information-encoding magnetic strip, using a PIN for security. In 2006, James Goodfellow, the inventor who patented the first personal identification number, was awarded"
"(1928); customer checking accounts (1936) and the negotiable certificate of deposit (1961). The bank changed its name to The First National City Bank of New York in 1955, which was shortened in 1962 to First National City Bank on the 150th anniversary of the company's foundation. The company organically entered the leasing and credit card sectors, and its introduction of U.S. dollar–denominated certificates of deposit in London marked the first new negotiable instrument in market since 1888. The bank introduced its First National City Charge Service credit card—popularly known as the ""Everything card"" and later to become MasterCard—in 1967. In"
"""Everything Card""—in 1967. In 1967, Walter B. Wriston became chairman and chief executive officer of the bank. In 1968, Citicorp was set-up as a holding company and in 1976, First National City Bank was renamed Citibank, N.A. The name change also helped to avoid confusion in Ohio with Cleveland-based National City Corp., though the banks never had any significant overlapping areas except for Citi credit cards issued in National City territory. In addition, at the time of the name change to Citicorp, in 1998, National City of Ohio was mostly a Cleveland-area bank and had not gone on its acquisition"
"1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa. The Chartered Bank began when Queen Victoria granted a Royal Charter to Scotsman James Wilson in 1853. Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859. The Bank started issuing banknotes of the Hong Kong dollar in 1862. The Standard Bank was a British bank founded in the Cape Province of South Africa in 1862 by Scot, John Paterson. Having established a considerable number of branches, Standard was prominent in financing the development"
"owner, Citicorp, was not willing to accept the eventual estimated costs of establishing another national credit card, after Sears had spent an estimated USD$80 million creating its Discover Card. Its fate was similar to that of Citibank's first credit card, the ""First National City Charge Service"" (or ""The Everything Card""), introduced on the East Coast in 1967 to compete with BankAmericard (today's Visa) but which became part of Master Charge (now MasterCard) in 1969. Choice (credit card) Choice was a credit card test marketed by Citibank in the United States, announced in 1977, and first issued in 1978. It was"
"of customers with cards that require the monthly balance to be paid in full. Towards the end of the 1960s, Diners Club also faced competition from banks that issued revolving credit cards through Bank of America's BankAmericard (later renamed Visa), and Interbank Master Charge (later renamed MasterCard). Diners Club began early on to allow franchises of the Diners Club name, at first in Europe and later throughout the world, for many years eclipsing the BankAmericard or Interbank Master Charge networks abroad. Starting in 1968, the American Oil Company, better known publicly as Amoco, also issued, for a time, its own"
"features. It is widely accepted that the first cash machine was put into use by Barclays Bank in its Enfield Town branch in North London, United Kingdom, on 27 June 1967. This machine was inaugurated by English comedy actor Reg Varney. This instance of the invention is credited to the engineering team led by John Shepherd-Barron of printing firm De La Rue, who was awarded an OBE in the 2005 New Year Honours. Transactions were initiated by inserting paper cheques issued by a teller or cashier, marked with carbon-14 for machine readability and security, which in a later model were"