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When were debit cards first introduced?

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asked Dec 23, 2015 in Finance by JLettermanMB (43,340 points)
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The first credit card was issued by The Bank of Delaware in 1966. With its mostly popular reviews, more and more banks started to offer them. By the 1980s and 1990s, most banks offered them to customers. In fact, by 1990, 300 million transactions had been made using debit cards. [1]

 

The first cash machine was opened in 1967 in Enfield, Middlesex, UK. With this dispenser, customers brought a hole-punched voucher from their bank for about 10 pounds. This allowed the customer to take money out when needed. [2]

 

 

Sources:

1. http://www.marketplace.org/2011/08/18/business/news-brief/short-history-debit-card

2. http://www.theukcardsassociation.org.uk/history_of_cards/index.asp

answered Dec 23, 2015 by erod429 (53,480 points)

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