Sunday 14 January 2007

Bankcard RIP



Another link with the past died on New Year's Eve. Here in Australia the country's first ever credit card ceased to be able to be used. Bankcard has gone the way of the dodo. Now I didn't realise it until I saw a sign on a cash register in a business the other day. It began in 1974 as our first national card shared by all financial institutions. It had over a million users and 47 000 merchants accepting it within two years. Anyway, it has declined over time, each financial institution having its own cards (usually linked to MC and/or VISA). I cut mine up before heading overseas in 2003. I must have been one of the longest users of it in the country then. Anyway, Bankcard RIP.

No comments: