Wednesday, April 01, 2009

Master Charge

As I have often said, "Name changes don't happen for nothing." A credit card began in 1966 as a competitor for the BankAmericard. It was the official credit card for a group of banks known as the Interbank Card Association. The banks included:
Bank of California
Crocker National Bank
United California Bank
Wells Fargo Bank

All of these banks were in California. The credit card was Master Charge - - the Interbank Card. In 1974 banks from other parts of the country were added. The name was changed to Mastercard when the card became international in the 1990s.

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