Which payment innovation first allowed retailers to accept credit card payments without a physical imprint or phone authorization, revolutionizing transaction speed?

The landscape of retail payment systems has evolved dramatically over the past decades, transforming how consumers complete transactions. From cash-only environments to the rise of contactless payments and cryptocurrency acceptance, payment innovations have shaped consumer behavior and retail strategy. Test your knowledge about a pivotal moment in payment system evolution that changed retail forever!

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Electronic Data Capture (EDC) terminals introduced in 1979
The introduction of magnetic stripe cards in 1971
The first online payment gateway launched in 1994
The development of EMV chip technology in 1993