Which payment innovation, first introduced in 1958, revolutionized retail by allowing customers to 'buy now, pay later' and is considered the precursor to modern credit card systems?

Throughout history, retail payment systems have undergone dramatic transformations that have fundamentally changed how commerce functions. From ancient bartering to cryptocurrency, each advancement has created new possibilities for merchants and consumers alike. This trivia question focuses on a pivotal moment in payment technology history that revolutionized retail and set the stage for modern digital commerce. Test your knowledge about this critical innovation that bridged traditional and modern payment methods!

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The BankAmericard (later Visa), which was the first widely licensed general-purpose credit card
The Western Union Money Transfer system, which allowed electronic payments between retail locations
The IBM Point-of-Sale system, which was the first computerized retail checkout solution
The American Express Travelers Cheque, which provided a secure alternative to carrying cash