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 China 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]

  1. ^ "Visa IPO Seeks MasterCard Riches" Archived February 7, 2008, at the Wayback Machine, TheStreet.com, February 2, 2008.
  2. ^ "Mastercard Incorporated MA". NYSE.com. Retrieved 26 June 2021.
  3. ^ frontline: secret history of the credit card: watch online | PBS