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A comment on A History of Visa.

Re:A History of Visa by dredmorbius on Friday July 26, 2019 @07:24PM (#20539202)
The Diner's Club origin story is a myth. Unsecured credit lending actually originated with retail department stores.

Louis Hyman covers this story in Debtor Nation: The History of America in Red Ink (Princeton UP, 2011).

https://www.worldcat.org/title/debtor-nation-the-history-of-...

New Books in Economics podcast interview (Duration: 50:26):

Published: Fri, 04 Mar 2011 22:58:43 -0000 Media: https://traffic.megaphone.fm/LIT7526154990.mp3

Podcast: https://www.podcastrepublic.net/podcast/425187524

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Re:A History of Visa by MSD1976 on Friday July 26, 2019 @11:35PM (#20540236)
No myth. It was the first CARD and line of credit that could be used at multiple merchants. Prior to that, you had a line of credit with each individual merchant.
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