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⍰ ASK When did electronic payment institutions first emerge in the U.S.?

In the 20th century, electronic payments started in the U.S. Credit cards, especially Diners Club in 1950, allowed people to pay at different places.

American Express came into action in 1958, making electronic transactions more common. These early credit cards set the stage for more electronic payments.

In the 1970s, ATMs came into light, letting people do electronic banking like withdrawing cash and checking balances, making things more convenient.

The real deal happened in 1974 with NACHA, making electronic fund transfers easier. It paved the way for the electronic payment system we have today in the U.S.
 

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