
ISO 8583:2023—Financial Transaction Card Originated Message
In 1950, the Diners Club Card, became the first credit card. Although it could only be used at 28 restaurants and two hotels in New […]
In 1950, the Diners Club Card, became the first credit card. Although it could only be used at 28 restaurants and two hotels in New […]
The substitution of electronic financial transactions at the point of sale for their paper-based predecessors has reduced costs and improved efficiency, particularly in the operation […]
The origin of cryptography dates back to 1900 BC Egypt in the form of hieroglyphics. The scribe of the main chamber of the tomb of […]
Cornelius Wilson invented the time stamp, and his company, the Automatic Time Stamp Company of Boston, Massachusetts, produced it in 1880. Wilson’s time stamp recorded the time, […]
Bank deposit tickets–otherwise known as deposit slips or receipts–are integral items for certain banking activities. As the proof that a deposit has been made, it […]
Check 21 First enacted on October 8, 2004, the 21st Century Act (also known as the Check 21 law) allows banks to handle more checks […]
Those with an interest in the success and security of blockchain systems—ranging from design architects, auditors, and other risk assessment professionals to academics and customers—benefit […]
Prominently printed at the bottom of a bank check, a Magnetic Ink Character Recognition (MICR) line conveys distinguishing information to both humans and machines. To […]
When a check is processed—17 billion checks are exchanged each year in the U.S.—magnetic ink characters convey its information to machines. These characters comprise the […]
Bank checks have changed hands throughout generations, periods, and even centuries. As discussed in Annex A of ASC X9 TR 2-2019, during the California Gold […]