Card association
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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.
Examples
[edit]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
[edit]Among United States consumers alone, over 600 million payment cards are in circulation.[3]
References
[edit]- ^ "Visa IPO Seeks MasterCard Riches" Archived February 7, 2008, at the Wayback Machine, TheStreet.com, February 2, 2008.
- ^ "Mastercard Incorporated MA". NYSE.com. Retrieved 26 June 2021.
- ^ frontline: secret history of the credit card: watch online | PBS
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