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BankCard Services history
BankCard Services company history timeline
1987 – The first travel rewards cards are introduced and immediately become popular.
The company was founded in 1987 in Los Angeles, California.
In subsequent years, there were many streamlined POS advancements – but it wasn’t until 1994 when a company called Lipman Electronics Engineering, Ltd. created the face of modern credit card processing.
In 1999, there were around 365 million credit card accounts open.
2002 – So-called “mini credit cards” which fit on a key fob, are introduced, but not embraced by the public.
Contactless payments: Since 2008, some credit cards have offered the ability to make contactless payments, without the need to insert a card into a reader.
For example, in 2009, USA established the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009.
In 2014, NAVYZ was established.
Around 1.6% of all United States payment volume was on EMV cards in 2015, compared to 99% today.
In 2017, United States consumers hit $1 trillion in credit card debt for the first time, and despite some payoffs, we’ve stayed close to that number ever since.
According to the Federal Reserve, 2018 saw 41 billion credit card transactions, with a dollar value standing at $3.8 trillion.
In 2020, there were over 511 million accounts.
Fast forward to 2020, where credit cards now have an extensive array of new features like biometric identification, which allow for facial, touch and even eyeball identification access.
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BankCard Services competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| US Alliance | 2009 | $1.6M | 550 | - |
| UMS Banking | 1987 | $8.6M | 100 | 31 |
| Direct Connect | 1994 | $22.0M | 350 | - |
| Merchant Solutions International | 2007 | $510,000 | 5 | - |
| Financial Education Services | 2004 | $650,000 | 50 | - |
| U.s. Bankcard Services, Inc. | - | - | - | - |
| Merchants' Choice Payments Solutions | 1989 | $8.6M | 75 | - |
| Eagle Capital | - | $260,000 | 50 | - |
| Nebraska Student Loan Program, Inc. | 1979 | $59.5M | 100 | - |
| Allied Financial | - | $250,000 | 7 | - |
BankCard Services history FAQs
Zippia gives an in-depth look into the details of BankCard Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about BankCard Services. The employee data is based on information from people who have self-reported their past or current employments at BankCard Services. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by BankCard Services. The data presented on this page does not represent the view of BankCard Services and its employees or that of Zippia.
BankCard Services may also be known as or be related to BankCard Services, Bankcard and Bankcard Services.