Chapter 5. 1960 to 1969: The Rise of Business Computers and Business Software
In 1960, an IBM patent on magnetic stripes triggered the creation of American Express, Visa, and MasterCard credit cards, which revolutionized retail sales. The magnetic stripe also led to automatic teller machines (ATMs) and electric door locks. To meet a growing demand for new business computers and software, companies such as IBM, RCA, GE, Control Data, and many others marketed new computers aimed specifically at business operations. Database technology also expanded rapidly. These technical changes triggered a huge increase in demand for computer programming personnel.
Two major lawsuits that were filed in the 1960s would change the computer and software industries ...
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