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     e-money landmarks

This chronology highlights key developments in electronic payment, banking and currency systems.

Context is provided by the broader media, business and technology timeline.

1871 Western Union offers electronic money transfer in US

1914 Western Union introduces first US consumer charge card

1930 Bank for International Settlements founded

1933 federal Glass-Steagall Act in US

1950 first Diners Card

1956 federal Bank Holding Company Act in US

1958 first American Express card

1958 Bank of America launches BankAmericard

1962 first Visa credit card

1964 TeleCheck launched

1969 Chemical Bank introduces first US ATM

1971 US Fair Credit Reporting Act

1973 establishment of Society for Worldwide Interbank Financial Telecommunication (SWIFT)

1973 Diebold's TABS 500 is first ATM with programmable CRT screen

1974 launch of Bankcard in Australia

1981 first US ATM network

1995 first UK consumer trial of Mondex

1997 MasterCard acquires 51% stake in Mondex

1999 repeal of Glass-Steagall Act in US

1999 Australian Electronic Transactions Act 1999

2007 First Data Corp spins off Western Union

2007 PayPal gains Luxembourg banking licence

2007 KKR agrees to acquire payment processor First Data for US$29bn

2008 eBay pays US$1.35bn for web payment firm Bill Me Later and Danish classified advertising companies Den Bla Avis and BilBasen

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