Who Can Stop Credit Card Abuse

Part I of Essay
Credit cards have become such a familiar feature of the life style in the world that it is difficult to imagine a consumer economy functioning without them. The credit cards are nowadays the most convenient of all types of payments. The boom of the credit card industry ha ....

Part II of Essay
.... is increasing everyday. Today, Visa and Master card occupy an important place in the credit card marketplace but the pioneer in the business remains to be Diners Club. In 1949, as the luncheon tables were cleared at the Major’s Cabin Grill, a popular New York restaurant of the period whose location next door of the Empire State Building was then a considerable asset, three men sat huddled over a prime table off to one side …. In their excitement, they called over Major, the proprietor and asked him how much he would pay for bu ....