Wednesday, March 7, 2018

Master Charge - Security Pacific Bank (between 1969 - 1971)

Master Charge (today known as MasterCard) was a bank-issued, nationwide consumer credit card  created in the mid-1960s by as a competitor to BankAmericard (now Visa).
Front
Back
Initially, the California Bankcard Association created Mastercard in the mid-1960s  as a way to extend bank credit to consumers.  The California Bankcard Association became the Western States Bankcard Association (WSBA - seen on the front of the needle case following the expiration date) This association in conjunction with eastern banks formed the Interbank Card Association with the lower case "i" logo shown on the lower, right, front of the needlecase.

In dating the needlebook, I assumed the needlebook was issued before the June 1971 expiration date on the front of the needlebook.

Inside




Josev. The History of MasterCard. 7 Mar. 2012, www.gobankingrates.com/credit/the-history-mastercard/.

“The History of Credit Card Processing.” The History of Credit Card Processing, www.gotmerchant.com/history_of_credit_card_processing.php.

Tsosie, Claire. “The History of the Credit Card.” NerdWallet, 10 Feb. 2017, www.nerdwallet.com/blog/credit-cards/history-credit-card/.

“We've Been Making History for 50 Years.” Mastercard History & Key Milestones, www.mastercard.us/en-us/about-mastercard/who-we-are/history.html



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