Card association

A card association or a bank card association is a network of issuing banks and acquiring banks that process payment cards of a specific brand.

## Contents

* 1 Examples
* 2 Statistics
* 3 Card scheme models
* 4 References

## Examples

Familiar payment card association brands include UnionPay, RuPay, American Express, Discover, Diners Club, Troy and JCB.

While once card associations, Visa and Mastercard have both become publicly traded companies.[1][2]

## Statistics

Among United States consumers alone, over 600 million payment cards are in circulation.[3]

## Card scheme models

Card schemes are often described as either three-party or four-party systems. The European Central Bank defines a three-party card scheme as one in which the scheme itself acts as issuer and acquirer, together with the cardholder and the accepting party. This contrasts with a four-party card scheme, in which the issuer and acquirer are separate from the card scheme itself.[4]

In practice, many major international card networks operate primarily as four-party schemes in which the network provides rules and infrastructure while separate financial institutions issue cards and acquire merchants. Research published by the Bank for International Settlements identifies Visa and Mastercard as examples of four-party card schemes.[5]

## References

1. ↑ "Visa IPO Seeks MasterCard Riches" , TheStreet.com, February 2, 2008.
2. ↑ "Mastercard Incorporated MA". https://www.nyse.com/quote/XNYS:MA.
3. ↑ frontline: secret history of the credit card: watch online | PBS
4. ↑ "three-party card scheme". https://www.ecb.europa.eu/services/glossary/html/act7t.en.html.
5. ↑ "The economics of payment card interchange fees and limits". https://www.bis.org/publ/work1163.pdf.

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Credit, charge and debit cards

Major cards|

* American Express
* Diners Club
* Mastercard
* Debit Mastercard
* Maestro
* Visa
* Visa Debit
* Visa Electron

Regional and
specialty cards|

* Bancomat
* BC Card
* BCA Card
* Cabcharge
* Dankort
* Discover
* EFTPOS
* Electronic Payment Services (EPS)
* Elo
* Forbrugsforeningen
* Girocard
* Interac
* Isracard
* JCB
* Mir
* MEPS
* NETS
* PayPak
* RuPay
* Troy
* UnionPay
* UATP
* V Pay
* Verve

Defunct cards|

* Access
* Bankcard
* Carte Blanche
* Carte Bleue
* Choice
* enRoute
* Eurocard
* Everything
* Laser
* Rail Travel Card
* Revolution Card
* Solo
* Switch
* PIN

Accounts|

* Payment card number
* Card association
* Card enclosure
* Credit card balance transfer
* Credit limit
* Installment credit
* Revolving account
* Deposit account
* Current/checking account
* Savings account
* ATM card
* Fees

Debt|

* Cash advance
* Charge-off

Interest|

* Grace period
* Introductory rate
* Universal default

Payment|

* Card not present transaction
* Chargeback
* Controlled payment number
* Dispute

Interchange|

* Interchange fee
* Surcharge
* Card scheme

Security|

* Card security code
* Chargeback fraud
* Credit card fraud
* Credit card hijacking

Technology|

* Automated teller machine
* Contactless payment
* EMV
* Hardware security module
* Interbank network
* Magnetic stripe card
* Payment terminal
* Personal identification number
* Secure cryptoprocessor
* Smart card

Banking|

* Issuing bank
* Acquiring bank

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