William J. Boyle

A banker at Franklin National Bank in Rockville Centre, New York, Boyle developed the Franklin Charge Account Plan. This was the first bank-issued credit card, the forerunner of the BankAmericard and the MasterCharge card (which later became the Visa and MasterCard). It did the Diners Club card, introduced in 1950, one better: the Diner's Club was a charge card, which required full payment each month. Boyle's credit card introduced revolving credit, which allowed monthly payments (with interest), revolutionizing consumer credit. By October 1951, the Franklin Charge Card was accepted by 750 merchants. The Franklin slogan "Just Charge It" became a national catchphrase. Boyle died April 30 in New York. He was 88. From This is True for 7 May 2000 Suggestions for further reading: Quicken 2010 The Official Guide (Quicken Press) by Maria Langer Amazon Price: $16.49 Customer Review: As a long time user of Quicken I thought I did not need to the buy the 2010 Quicken Official Guide book. My previous Quicken was the 2003 version and I really liked and used it daily but decided I needed to upgrade to the 2010 version. While I know...   The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey Amazon Price: Customer Review: Dave Ramsey's plan is very common sense and easy to follow. No need to be a financial genius. I recommend every single person (business and government too!!) follow this plan and our country will eventually be back on its feet.   The Rich Switch - The Simple 3-Step System to Turn on Instant Wealth Using th... by David Hooper Amazon Price: Customer Review: This is a fun book - tiny but meaty! An excellent reminder for those implementing a LOA lifestyle. Nearly half the book is dedicated to explaining how to establish and run a mastermind group. I do appreciate the value of groups like this; I participa...   BestCredit: How to Win the Credit Game, 2nd Edition by Dana Neal Amazon Price: $19.80 Customer Review: I work for a credit union, and part of my job is to create financial education materials for our members. Lately I've been researching the hottest current topic: credit repair. I've read so many book on the subject, and spent hours and hours on th...   Credit 911: Secrets and Strategies to Saving Your Financial Life by R. Anderson Amazon Price: $16.47   Newsfeed display by CaRP

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