This form of electronic money, which is like an ATM card, is very flexible, because it can be used for various important daily transactions, such as buying fuel, paying toll road fees and shopping at minimarkets. History of Romania Phone Number Electronic Money in the World The electronic money that we know today, turns out to have an interesting historical story to listen to. Its development apparently started in the s.
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At that time, the computer company IBM had collaborated with called SABER ( Semi automatic business research environment ). The goal is to connect telephone network terminals to American airlines offices . Apart from that, by connecting this system, it is also possible to check departures and seat availability on planes online . All these transactions can then be paid using a credit card. Furthermore, in the s, banks in America and Europe used mainframe computers to be able to track transactions at each branch and other banks.