A mechanism originally designed to get round the inadequacies of the US check/cheque interstate clearing system in the 20th century, this phenomenon of the plastic (and now "virtual" on-line) card has become one of the major channels of retail and corporate spending, especially cross-border and cross-currency, and arguably made possible commerce on the Internet.
Thursday, January 20, 2011
Credit cards
A mechanism originally designed to get round the inadequacies of the US check/cheque interstate clearing system in the 20th century, this phenomenon of the plastic (and now "virtual" on-line) card has become one of the major channels of retail and corporate spending, especially cross-border and cross-currency, and arguably made possible commerce on the Internet.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment