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Diners Club cofounder Frank McNamara was dining with clients and realized he had left his wallet in another suit. His wife paid the bill, and McNamara thought of a multipurpose charge card as a way to avoid similar embarrassments in the future.
Feb 15, 2017 · February 15, 2017. When Matty Simmons first heard about multipurpose credit cards in 1950, he wasn’t impressed. At the time, Frank McNamara, who came up with the idea, and Ralph Schneider, his...
Learn how Frank X. McNamara, a businessman and a friend of Alfred Bloomingdale, invented the first credit card in 1950. The Diners Club card was a middleman between companies and customers, and it revolutionized the way people paid for products and services.
Learn how Frank McNamara came up with the idea of a charge card that could be used at multiple restaurants and merchants, and how he launched the Diners Club in 1950. Discover how he made money, stayed competitive, and promoted his card in the early days of the credit card industry.
Learn how Frank McNamara, a businessman who forgot his wallet at a restaurant, inspired the creation of the first charge card in 1950. Discover how Diners Club evolved from a cardboard card to a plastic card and introduced travel insurance, corporate cards and Club Rewards.
Oct 19, 2016 · Founded by Frank X. McNamara and Ralph Schneider, Diners’ Club was the first independent card company. (They were soon joined by Alfred Bloomingdale, who had had a similar idea.) Where many...
Dec 2, 2011 · Even if it owes its ubiquity, in part, to a New York businessman named Frank X. McNamara, who forgot to bring cash to a lunch meeting. In 1950, McNamara introduced a cardboard charge card.
