| t card is the means of payment as the | | | | card program. |
| replacement of money and credit card is used | | | | Based on the payment method, credit card was |
| anytime for the product or service transaction or | | | | distinguished to credit card, charge card and debit |
| guaranteed the legality of the cheque that was | | | | card. |
| issued to places that could accept credit card | | | | 1. Credit Card |
| (merchant). Credit card also to carry out the cash | | | | Credit Card is the kind of credit card that could |
| withdrawal to the bank or the network of the | | | | be used as the implement in the product or |
| credit card publisher (cash advance). | | | | service payment of the trade transaction, where |
| Therefore, credit card was the payment | | | | the paying off or credit card payment could be |
| implement in the form of the card that was | | | | carried out simultaneously or by paying by |
| made from a kind of plastic where at its surface | | | | installments totaling minimal certain. |
| written the name, the number of the membership | | | | The number of credit card installments was |
| and the holder's signature of credit card that could | | | | counted from the value of the bill of the balance |
| give substitution of the method of payment | | | | added by the monthly interest, the bill of previous |
| instead of the legal one like paper money and coin | | | | month including the interest was the subject of |
| and commercial paper. | | | | the loan in the following month. |
| At the beginning before money known as the | | | | The typical characteristics of credit card was the |
| transaction implement, each transaction was | | | | provisions of the limit that applied to all the |
| carried out by means of barter (the transaction | | | | member depended on the card kind (gold, regular |
| by means of the exchange of the thing with the | | | | or classic), minimal payment 10% - 20% from the |
| thing or the thing with the service or the service | | | | total balance of the bill and was paid not later than |
| with the service). The further development was | | | | fall due that was determined. The delay of credit |
| found money as the effective and efficient | | | | card payment (after being due) would subjected |
| transaction implement. However, the use of | | | | to the delay fine as big as certain percentage |
| money experienced the obstacle and the certain | | | | from minimal payment. |
| risk so as finally credit card was created. | | | | 2. Charge Card |
| Before credit card was used as the payment | | | | Charge Card is the card that could be used as the |
| implement in carrying out the trade transaction, | | | | payment implement of a trade transaction of |
| Edward Bellamy wrote a book in 1887 and was | | | | product or the service where the customer must |
| published a year later with the Looking Backward | | | | pay all the bill fully at the end of the month or in |
| title that afterwards became one of the | | | | the following month with or without the additional |
| best-sellers in that period. | | | | cost. |
| In this book, Bellamy took the set related in | | | | Generally, this credit card did not have the |
| Boston, the United States in 2000. In one of his | | | | provisions of the use limit, payment was full on all |
| dialogues was mentioned that in 2000 (one | | | | the transactions (the bill) before the following bill |
| hundred thirteen years after the writing of this | | | | and without used percentage the interest, but |
| book), money as the payment implement at this | | | | when payment was not done fully from the bill will |
| time will be shifted with the creditcard, where the | | | | be subjected to the delay fine. |
| card holder could satisfy all the requirement by | | | | 3. Debit Card |
| using this credit card. | | | | Debit Card is the payment card on the trade |
| Credit cards, initially only as a method of avoiding | | | | transaction of the product or the service by using |
| the embarrassed feeling because of not bringing | | | | the card. In principle, the transaction using this kind |
| enough money to a restaurant or the shopping | | | | of credit card was the cash transaction by not |
| centre. Franklin National the Bank, was the first | | | | using cash but the paying off or payment was |
| agency that issued the bank's credit card to his | | | | carried out by means of debiting (reduced) |
| customer in 1951. | | | | directly the balance of the account of credit card |
| Afterwards credit card was accepted by the | | | | holder and at the same time crediting the account |
| community and many small banks gathered with | | | | of the sale (merchant) as much as the transaction |
| the American bank system, in 1966 permission to | | | | to the publisher's bank (the manager). |
| widen credit card all through small banks in | | | | The debit card holder must have the account to |
| America and other countries. However several | | | | the bank, because this transaction principle is like |
| banks felt unsatisfied and want to authorization in | | | | the cash transaction, so the transaction could be |
| operating credit card. The wish of credit card | | | | only carried out if of this credit card holder had |
| authorization was the beginning of operational of | | | | the enough balance to cover the transaction cost, |
| credit card was separated. The bank or the | | | | afterwards payment was done with debiting |
| financial agency was given by the decisive | | | | directly the balanceof the account of the card |
| freedom fully in compiling their respective credit | | | | holder and crediting the merchant account. |