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Top 10 Inventions in Money Technology During the 1900's

Posted by ryuzaki0 on from the layaway dept.

scuggums writes "The DaVinci Institute has put together an interesting historic piece to help put the world of money technology into perspective. While I'm glad to see the ATM machine made the list, I had no idea it was invented back in 1939. Other items on the list are barcodes, spreadsheets, and RSA encryption. This looks to be one of the research pieces the Institute's doing for their upcoming Future of Money Summit in October."

4 of 344 comments (clear)

  1. Plastic money by questamor · · Score: 5, Informative

    Another one worth mentioning, Plastic money as used in several countries now, starting as a collaboration between a couple of countries using technology developed in Australia. It's a late 80s thing and only fairly recent, but something upwards of 30 nations use last I looked.

  2. Re:Excuse me, but by rynthetyn · · Score: 5, Informative

    what exactly does a "smart card" have to do with money technology?

    You must be an American--in much of Europe, all of the credit cards are smart cards. When I was in Spain about 3 years ago, I couldn't use my credit card to make pay phone calls because the phones were all equipped with smart card readers and couldn't read my American credit card with only a mag strip.

    --
    Eagles may soar, but weasles don't get sucked into jet engines...
  3. Re:VisiCalc w/o Apple? by MoThugz · · Score: 4, Informative
    Mods... have a clue, this is not a Mac-centric article...

    The article states "Electronic Spreadsheet", not specifically VisiCalc.

    But since you want to make this a Mac issue... From the article:

    The market for electronic spreadsheet software was growing rapidly in the early 1980s and VisiCalc stakeholders were slow to respond to the introduction of the IBM PC that used an Intel computer chip. Beginning in September 1983, legal conflicts between VisiCorp and Software Arts distracted the VisiCalc developers, Bricklin and Frankston. During this period, Mitch Kapor developed Lotus and his spreadsheet program quickly became the new industry spreadsheet standard.


    <flamesuit class="on">
    Wow... the Mac was dying since 1980?
    </flamesuit>
    --
    Welley Corporation - SLM Scammers
  4. Re:Smart card? by stephanruby · · Score: 4, Informative
    "Here we use credit cards. Its more secure to have financial information stored server-side."

    I guess you don't have a checking account. Here in the US it takes one to five days to get checks reconciled. So even if you don't ever use your checkbook. The very fact that you have a checking account puts you at risk from having your account cleaned out.

    In some ways, smart cards are just like checks, they don't get reconciled immediately, but they can get reconciled within a few seconds if necessary.