a16z Video: A Brief History of Credit Cards (or, What Actually Happens When You Swipe)

What actually happens when you swipe your credit card? a16z general partner Alex Rampell helps solve the mystery, taking us from the beginning of the credit card revolution (including its hometown of Fresno, California) and on the journey of how both information and money travel… through the five parties involved in every credit card transaction.

Written by Alex Rampell,Patrick Collison,Frank Chen,Vijay Pande,Marc Andreessen - Originally published at this link