History lending appeared before our era, but the funds of the loan were not money, but the necessary economic stuff and food.
But scientists usually count the history of lending to the advent of the appearance of Rostovists, they could already issue money under the percentage, gradually the lending system developed, laws that regulated relations between the lender and the debtor, for example, the Code of Chammurapi laws appeared.
The conditions for the provision of funds were quite cruel — the population of Babylon left its children and relatives on bail, which, when not paying the debt, became slaves of the lender, and the Roman debtors got into the so-called debt hole, that is, prison, and if the relatives did not bother him for a month, That debtor automatically became a slave for 3 years.
Basically, the loan took food, but in ancient Greece, merchants could borrow money for the work of trading operations, however, under a high percentage.
Loans had their significance in international trade. That is why in the 18th century, the nobles have already been applied not to privately owners, but in specialized borrowed banks, which at that time existed already in each country.
Closer to the end of the 19th century, some stores in America began to issue metal tools to customers, which were noted in the documents of the institution, later they were obliged to pay debt. But such actions were very limited, since not every store provided this kind of loan.
According to the legend, the director of one financial company Frank McNamara gave birth to one of the American restaurants, but he could not pay for a luxurious dinner, as I forgot the purse at home. For those times, a solid man had to have a large bundle of bill with himself, which was extremely uncomfortable. McNamar wondered — why limit yourself only in cash? After all, you can pay your lunch later. So in 1950, he founded the club in which only selected institutions entered. They could be paid with specialized cards to pay for lunch, and the debt is to repay just once a month.
Initially, only familiar McNamara owned such cards, but later the scale increased significantly and at the end of the decade of the map were already among the top ten customers. The system developed very intensively and new plastic came to replacing paper cards.
In 1958, the American bank began the spread of several tens of thousands of credit cards by the residents of Fresno. Maps went by mail and did not require additional registration, just take and use.
During this year, about two million cards with a $ 500 limit were sent, which led to rapid theft and frauds with money. It entailed a large loss for a bank, but there were more advantages.
Two years later, taking into account all the shortcomings on credit cards began to appear magnetic stripes, which ensured the safety of the card, and after another 10 years in America, the first ATMs appeared. This made it possible to improve the data transfer system for conducting checks.
After its lightning success, the Bank renamed himself in Visa, the system that began its action at the national level. Today, Visa is a leader among payment systems, and in second place is a competitor created in 1966 MasterCard.
In the 1980s, the 20th century, magnetic bands were replaced by specialized chips, since previous protection began to fail with time, and fraudsters for years of use learned to bypass the system.
Since then, practically nothing has changed, since today we use prototypes of the same cards. As in 1980, only maps have become faster than + worked out the design.
Contactless payment was added from the innovation, which, when properly configured, does not require the input of the PIN code. This, by the way, is convenient even when the magnetic band of the map has become unusable.
Yes, we live in a digitized world — now you can create a virtual card without any particular problems in counting seconds and have already started using it.
Also, NFC technology is used for convenience in modern smartphones, which allows you to pay for purchases using a smartphone.
In addition, there are many gadgets that also allow you to pay for purchases by contactless way — for example, a smart watch.
What will happen next — it remains only to guess, but most likely we will refuse to use cash.