Which company, founded in 1950, was the world's first independent credit card company?
Diners Club International Diners Club International Diners Club International (DCI), founded as Diners Club, is a charge card company owned by Discover Financial Services. Formed in 1950 by Frank X. McNamara, Ralph Schneider, Matty Simmons, and Alfred Bloomingdale, it was the first independent credit card company in the world, and it established the concept of a self-sufficient company producing credit cards for travel and entertainment. Diners Club International and its franchises service individuals from around the globe with operations in 59 countries. The idea for Diners Club was conceived at the Majors Cabin Grill restaurant in New York City in 1949. Diners Club
Credit Card Insider Credit Card Insider Credit Card Insider is a privately held Syracuse, NY based consumer education company. The company provides reviews of credit cards, information about building credit, and tools to compare credit card products. Founded in 2012 by John Ganotis and Eric Adamowsky, the Credit Card Insider website launched in early 2013. The company is located in Syracuse, NY. The company works with different finance industry professionals, in the areas of personal finance, credit, and credit cards. Credit Card Insider editors provide insight based on in-depth research of all the credit cards reviewed by the company. Additionally, the editors publish