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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
editFamiliar 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
editAmong 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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