Card association

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

Examples

Familiar payment card association brands include Visa, MasterCard, American Express, Discover, Diner's Club, and JCB. Visa and MasterCard issuers co-brand with their card association, for example, "WellsFargo-Visa" and "Citi-MasterCard".

Statistics

Card associations Visa and MasterCard are each comprised of over 20,000 card issuing banks 1.

Among US consumers alone, over 600,000,000 payment cards are in circulation 2.

Worldwide, Visa issuers have over 1.5 billion payment cards in circulation3 4.

References

  1. ^ Is Credit Card Debt Bad For Your Health?
  2. ^ frontline: secret history of the credit card: watch online | PBS
  3. ^ Visa raises $17.9 billion in record IPO | Reuters
  4. ^ Visa's Big Deal

Wikipedia content modification information:

  • This page was last modified on 13 August 2008, at 17:47.

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