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U.S. Census Bureau Daily Feature for April 15

WASHINGTON, April 15, 2014 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

U.S. Census Bureau Logo.

LEADING THE CHARGE

Profile AmericaTuesday, April 15th. 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; issued only by individual merchants. But that proprietary limitation ended on this date 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 backs these offers through nearly 740 issuing establishments, which generate nearly $57 billion in annual revenue. You can find current data on the country's economy by downloading the America's Economy mobile application at www.census.gov/mobile.

Sources:
Kane's Famous First Facts, 3810  
http://www.nytimes.com/2000/05/11/business/william-boyle-credit-card-pioneer-dies-at-88.html  
http://history1900s.about.com/od/1950s/a/firstcreditcard.htm 
http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_00A1&prodType=table  NAICS 522210

Profile America is produced by the Center for New Media and Promotions of 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 "Multimedia Gallery" by the "Newsroom" button). 

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SOURCE U.S. Census Bureau

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