Back in 1950 the first broadly available credit card was introduced to provide people with an alternative and more convenient payment option to cash. In the late 1950s mainframe computers debuted, and by 1969 the first ATM was installed. And in 1983 the first online banking service was launched on the then fledgling Internet. All of these financial technologies (sometimes referred to as “FinTech”) were developed and brought to the market to make the lives of customers easier and to move the financial industry forward.
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