The story goes that businessman was dining at Major’s Cabin Grill in New York City when he realized he had forgotten his wallet.
Secret History Of The Credit Card - Interviews | FRONTLINE - PBS credit card
: In the 1960s, IBM designers struggled to attach magnetic tape to cards until an engineer's wife suggested ironing it on , which worked and paved the way for modern swiping. A Useful Lesson: The "Freeloader" Paradox The story goes that businessman was dining at
The modern credit card was actually born from an awkward moment at a dinner table in 1949. The "First" Card: A Forgotten Wallet The "First" Card: A Forgotten Wallet : To
: To settle the bill, his wife had to drive down and pay for him, an embarrassment he didn't want to repeat.
: A few months later, he returned to that same restaurant and paid using a small cardboard card—the Diners Club card .