In Fight Club (1999), the main character establishes a fighting club called “Project Mayhem.. Its purpose is to erase people’s debts by destroying buildings that keep records of credit card companies.
VISA was originally called BankAmericard and was released in 1958 at the California Bank of America. In 1976 he changed his name to VISA.
Expiration of credit cards is determined by the lifetime of the magnetic stripe. The magnetic strip has a service life of approximately 3-4 years and must be replaced after this time. Therefore, the expiry date on the cards is actually the expiry date of the magnetic stripe.
Credit card numbers follow the Luhn algorithm, a comparative addition test on a number. To see how this works, start from the right and double each second digit (becomes 1111, 2121), and then add them all together.
It must end with a number that can be divided equally by 10. Otherwise, the credit card is not a valid card.
In America, people buy gas at some stations themselves. A petrol pump will query the minimum limit that should be on the card, so if someone has less than $ 50 or $ 100 on the card, the pump rejects the card.
MasterCard and VISA are a network between banks and financial institutions. American Express is an independent company. Discover Card is a subsidiary of Morgan Stanley.
VISA stands for Visa International Service Association.
The blue sky on the VISA logo and the golden yellow represent the color of the hills in California, where the Bank of America was founded.
Even until the 1800s, merchants and consumers sold goods through the concept of credit. Both credit money and payment plates were used as money.
Plastic cards became a lifestyle only 50 years ago.