WASHINGTON, April 20, 2017 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
LEADING THE CHARGE
Profile America — Thursday, April 20th. To borrow from some recent advertising slogans, although many Americans couldn't imagine leaving home without them, and they're everywhere they want to be, there was a time when credit cards were rare. They were issued only by individual merchants. But that proprietary limitation ended this month in 1952, when the Franklin National Bank in New York launched a credit card for use by the customers of varied merchants. In this, the bank was following the lead of the Diners Club Card, created in 1950. Today in the U.S., credit card offers fill the mails. The financial sector, which includes some 96,000 banks, backs these offers through some 1,164 issuing establishments, which generate nearly $82 billion in annual revenue. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.
Kane's Famous First Facts, 3810
Card/accessed 2/37/2017: www.nytimes.com/2000/05/11/business/william-boyle-credit-card-pioneer-dies-at-88.html
Diners Club/accessed 2/37/2017: history1900s.about.com/od/1950s/a/firstcreditcard.htm
Commercial banks/County Business Patterns/NAICS 522110:
Credit card Issuers/County Business Patterns/NAICS 5222110:
Credit card issuers' revenue/Economic Census/NAICS 522210:
Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu).
SOURCE U.S. Census Bureau