2 – The Grandfather of Possibilities & Inventor of the Credit Card Magnetic Strip – Ron Klein

Many believe that in order to be capable of innovation, one must be an inventor by default. Ron Klein challenges this as he talks about what led him to create a simple solution to a complex problem. In the 1960s, Klein was sought out by a major department store to solve a tedious problem. When a customer went to purchase a product with their credit card, clerks would have to search through lengthy lists provided by credit card companies in order to complete transactions. Klein mimicked the mechanism of a tape recorder to create the magnetic strip that would hold all the necessary card information to complete a purchase. In this episode, John Rizvi – The Patent Professor® sits down with Ron Klein to discuss the big impact of tiny inventions and how these led to Klein’s mega success!