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Showing posts from April, 2020
  CREDIT CARD What is a credit card? —   A credit card is given by the banker to the customer in which the name of the customer is embossed in block letters. —   The name of the bank and the date of issue and expiry are also mentioned on the face of the card. —   A credit card is a payment card is issued to users as a method of payment. —   It allows the cardholder to pay for goods and services based on the holders promise to pay for them. SIZE OF THE CARD —   The size of most credit cards is 85.60mm*53.98mm conforming to the ISO/IEC7810 ID-1 standard. —   Credit cards have a printed or embossed bank card number complying with the ISO/IEC 7812 numbering standard —   Many modern credit cards have a computer chip embedded in them for security reasons.   HISTORY OF CREDIT CARD —   The concept of using a card for purchases was described in 1887 by Edward Bellay in his utopian novel looking backward. —   Bellam...