The world’s first credit card transaction is said to have have been conducted by Frank McNamara at Major’s Cabin Grill in New York City on 9 Feb. 1950. The Diners Club Card was used for meals at restaurants in the city’s Midtown neighborhood. As cards became popular among office goers, banks also entered the industry. But the cards issued by these institutions were loss-making propositions … Continue reading Book Review: The Pay Off