Traveller's cheques were first issued by the London Credit Exchange Company for use in 90 European cities
Issued, 1874
Thomas Cook was issuing "circular notes" that operated in the manner of traveller's cheques.
Invented, 1891
Marcellus Flemming Berry working for American Express invents the Travelers Cheque. American Express developed a large-scale international traveller's cheque system, to supersede the traditional letters of credit.