The Man Who Sold the World on Credit Cards

When Matty Simmons first heard about multipurpose credit cards in 1950, he wasn’t impressed. At the time, Frank McNamara, who came up with the idea, and Ralph Schneider, his business partner, were trying to persuade Simmons to join their new company, Diners Club. The concept of a credit card didn’t seem especially useful to Simmons, who…

from NerdWallet
https://www.nerdwallet.com/blog/credit-cards/matty-simmons-interview/

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