Titlebook: Electronic Value Exchange; Origins of the VISA David L. Stearns Book 2011 Springer-Verlag London Limited 2011 Credit Cards.Dee Hock.Paymen

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History of Computinghttp://image.papertrans.cn/e/image/306441.jpg

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Inselmythen und Inselmysterien,In this final chapter, I summarize the narrative, discuss ways in which the case informs two grand themes from the history of technology, and offer two new dynamics that I believe may apply to the study of other payment systems or transactional networks in general.

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,Automating Clearing and Settlement: BASE?II?and?III,This chapter describes how NBI solved the other half of their operational problems: clearing and settlement. It describes the creation of BASE II in 1974, the first electronic clearinghouse for bank-issued payment cards. It also covers the failed attempt to create a software package for the member banks, known as BASE?III.

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