1958: American Express introduces the first major universal credit cards.

1979: Visa begins using electronic terminals at point of sale.

1981: MasterCard introduces the first gold bank card program.

1983: Visa launches the automated teller machine network. MasterCard becomes the first to use the laser hologram as an antifraud device.

1989: MasterCard introduces the first bank card with a tamper-resistant signature panel.

1993: Visa launches a neural network to combat fraud.

1997: Visa launches the first secure electronic transmission.

2000: MasterCard becomes the first in the industry to establish a U.S. rule of no liability for the consumer from the unauthorized use of payment cards.

Copyright © 2002 IDG Communications, Inc.

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