Birth of Credit Card Fraud
In 1950, this company introduced the first widely recognized general-purpose charge card, originally made of cardboard rather than plastic.
What is Diners Club?
This was the original purpose of the 1950 Diners Club card: allowing customers to pay for meals and other expenses without carrying this form of payment.
What is cash?
Before magnetic stripes and chip cards, merchants commonly verified a card by using this mechanical device, which physically imprinted the card’s raised information onto a sales slip.
What is a knuckle-buster?
In the early days of charge cards, fraud often involved someone using this—rather than sophisticated computer hacking—to make unauthorized purchases.
What is a stolen or counterfeit card?
This major American credit-card system began in 1958 as BankAmericard, eventually becoming the global network known by this name.
What is Visa?