Electronic Value Exchange

Origins of the VISA Electronic Payment System

By David L. Stearns

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Electronic Value Exchange examines the transformation of the VISA electronic payment system from a collection of non-integrated, localized, paper-based bank credit card programs into the cooperative, global, electronic value exchange network it is today. 

Full Description

  • ISBN13: 978-1-8499-6138-7
  • 272 Pages
  • User Level: Science
  • Publication Date: January 4, 2011
  • Available eBook Formats: PDF
  • eBook Price: $99.00
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Full Description
Electronic Value Exchange examines in detail the transformation of the VISA electronic payment system from a collection of non-integrated, localized, paper-based bank credit card programs into the cooperative, global, electronic value exchange network it is today.  Topics and features: provides a history of the VISA system from the mid-1960s to the early 1980s; presents a historical narrative based on research gathered from personal documents and interviews with key actors; investigates, for the first time, both the technological and social infrastructures necessary for the VISA system to operate; supplies a detailed case study, highlighting the mutual shaping of technology and social relations, and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications; examines how “gateways” in transactional networks can reinforce or undermine established social boundaries, and reviews the establishment of trust in new payment devices.
Table of Contents

Table of Contents

  1. Setting the Stage: Money, Credit, and Payments in America.
  2. Associating: Dee Hock and the Creation of the Organization.
  3. Crafting the Social Dynamics: Staffing, Operating Regulations, and Advertising.
  4. Automating Authorization: BASE.
  5. Automating Clearing and Settlement: BASE II and III.
  6. Expanding the System: Organizational and Technical Growth.
  7. Automating the Point of Sale: Encoding Standards and Merchant Dial Terminals.
  8. Challenging Conceptual Barriers: EFT and The Debit Card.
  9. Negotiating Roles: Controversies and the End of an Era.
  10. Conclusions: Towards a General Socio
  11. technical History of Payment Systems.
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