In its early days, the Diners Club card took a hefty 7% cut of the tab from restaurants that accepted it.

ECONOMIST: Economics focus

It is exactly 50 years since Diners Club introduced the world's first charge card.

ECONOMIST: Cash remains king

Since Diners Club introduced the first universal credit card in 1950, an 8.5-by-5.5-cm piece of plastic has become for millions a modern symbol of identity and an indispensable tool of spending.

CNN: ASIANOW - Asiaweek

With one side on board, Diners Club found it easier to charge the other.

ECONOMIST: Economics focus

An alert staff herded him and other diners to the kitchen and then to The Chambers, an exclusive business club, from where Indian commandos rescued them in the morning.

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