Visa

Visa

In 1958, as an experiment, Bank of America mailed 60,000 residents of Fresno, California a small plastic card with a $500 credit line. BoA figured if it failed, there'd be no media coverage because it was in Fresno. The experiment was hugely successful and the program became Visa.

Previous Fact Next Fact
Categories: CorporationFinance

Latest FactRepublic Video

15 Most Controversial & Costly Blunders in History

Sponsored Links