Who Invented The Magnetic Stripe Card? After World War II, the magnetic storage appeared in 1950. Then in 1969, Forrest Parry, an IBM engineer invented the first magnetic stripe card. This is a kind of card that capable of storing data in a strip composed of iron particles in plastic film. When were magnetic stripe
What Is Debit Card In India? Debit Card. A debit card is basically a card used for fund transactions. Going by the name plastic cash, bank card and more, you can enjoy electronic access to your savings account in any bank via ATMs. You can deposit and withdraw as per your convenience this way without
What Is Credit Card Advantages And Disadvantages? Advantage & Disadvantage of Credit Card. … The discounts, offers, and deals that a credit card offers are unmatched by any other financial products and spell a bonanza for the wise user. However, credit cards can become debt traps if not used correctly, or if you spend more
What Was The Original Name Of Visa Credit Card? It was launched in September 1958 by Bank of America (BofA) as the BankAmericard credit card program. In response to competitor Master Charge (now Mastercard), BofA began to license the BankAmericard program to other financial institutions in 1966. What was the first Visa card? In 1966,