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Landmarks
This chronology highlights key developments in electronic
payment, banking and currency systems.
Context
is provided by the broader media, business and technology
timeline.
1871 Western Union offers electronic money transfer in
US
1914 Western Union introduces first US consumer charge
card
1930
Bank for International Settlements founded
1933 federal Glass-Steagall Act in US
1950 first Diners Card
1956 federal Bank Holding Company Act in US
1958 first American Express card
1958 Bank of America launches BankAmericard
1962 first Visa credit card
1964 TeleCheck launched
1969 Chemical Bank introduces first US ATM
1971
US Fair Credit Reporting Act
1973 establishment of Society for Worldwide Interbank
Financial Telecommunication (SWIFT)
1973 Diebold's TABS 500 is first ATM with programmable
CRT screen
1974 launch of Bankcard in Australia
1981 first US ATM network
1995 first UK consumer trial of Mondex
1997 MasterCard acquires 51% stake in Mondex
1999 repeal of Glass-Steagall Act in US
1999 Australian Electronic Transactions Act 1999
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