Western Union launches wire transfer service
1872Federal Reserve Banks in US begin to transfer money electronically
1915Diners’ Club debuts as first independent credit company
1950First Electronic Data Interchange messages sent
1956Bank of America launches BankAmericard (later to become VISA)
1958Interbank Card Association forms (and launches MasterCharge - later MasterCard) - created standards and rules, as well as a system to process payments
1966IBM unveils magnetic stripe for card security
1970Launch of electronic online authorization of credit card transactions
1973American Airlines rolls out first credit card rewards program
1981Canadian Payments Association launches Automated Clearing and Settlement System (ACSS)
1984Interac formed for shared ATMs (then later, debit transactions)
1984Birth of the World Wide Web
1989First WWW server for commercial purposes
1991Stanford Federal Credit Union offers first internet banking service in the US
1994Pizza Hut accepts first internet online purchase
1994Netscape releases the Secure Socket Layer (SSL) protocol
1995First mobile payments are made through text message (Coca Cola, Merita Bank)
1997Mobil introduces SpeedPass payments using RFID
1997PayPal is founded
1998Payments Canada launches Large Value Transfer System (LVTS)
1999EMV Chip & PIN transition begins
2003First Near Field Communication (NFC) tags and NFC-compatible phone (Nokia 6131)
2006First iPhone launched
2007Bitcoin created
2009Google Wallet is launched
2011Rogers/CIBC complete first mobile wallet transaction in Canada
2012Apple releases ApplePay
2014Payments Canada launches Modernization program
2015Launch of ISO 20022 AFT Messages for use in Canada
2016