January 9, 2014

Video: The Evolution of the Payment System (Part 1/4)

Posted by Xan Bonneau Category IconNews & Trends

In this new video series based on the white paper by payments veteran Tom Kossler, 2Checkout producer Xan Bonneau illustrates the history of the credit card as it evolves from a private niche to a global institution. And although swiping a credit card seems like a simple transaction between two devices and a phone connection, credit processing as we know it today has followed a complex evolution spanning over the last 50 years. Check out the above video to learn how digital payments effect your business and have become the hub of the financial and banking industries.