Ever since Diners Club introduced the modern plastic credit card in 1950, consumers and merchants have shared the cost of this efficient and convenient payment method.

Consumers like cards because they don't have to carry around wads of cash or thick checkbooks and can defer payments for a few weeks. Retailers benefit because they sell more stuff and are able to meet a customer desire without having to offer their own finance programs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.