bankamericard in A Sentence

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    However, after Williams and some of his closest associates left, BofA management realized that Bankamericard was salvageable.

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    2

    Over the following 11 years, various banks licensed the card system from Bank of America, thus forming a network of banks backing the Bankamericard system across the United States.

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    3

    For this reason, in 1976, Bankamericard, Barclaycard, Carte Bleue, Chargex, Sumitomo Card, and all other licensees united under the new name,"Visa", which retained the distinctive blue, white and gold flag.

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    4

    BofA officially lost over $8.8 million on the launch of Bankamericard, but when the full cost of advertising and overhead was included, the bank's actual loss was probably around $20 million.

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    5

    By March 1959, drops began in San Francisco and Sacramento; by June, BofA was dropping cards in Los Angeles; by October, the entire state had been saturated with over 2 million credit cards, and Bankamericard was being accepted by 20,000 merchants.

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