A short history of credit card design choices

One for the banking and payment nerds I suspect but I at least found this discussion of some of the design choices associated with our card payment system to be well worth reading for a perspective on how the choices baked into the system were made and how cards adapted to the proliferation of increasingly online business models

bam.kalzumeus.com/archive/credit-cards-as-a-legacy-system/

Tony – From The Outside

Author: From the Outside

After working in the Australian banking system for close to four decades, I am taking some time out to write and reflect on what I have learned. My primary area of expertise is bank capital management but this blog aims to offer a bank insider's outside perspective on banking, capital, economics, finance and risk. View all posts by From the Outside