Card association
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Acard associationor abank card associationis a network ofissuing banksandacquiring banksthat processpayment cardsof a specific brand.
Examples
[edit]Familiar payment card association brands includeUnionPay,RuPay,American Express,Discover,Diners Club,TroyandJCB.
While once card associations,VisaandMastercardhave both become publicly traded companies.[1][2]
Statistics
[edit]AmongUnited Statesconsumersalone, over 600 million payment cards are in circulation.[3]
References
[edit]- ^"Visa IPO Seeks MasterCard Riches"ArchivedFebruary 7, 2008, at theWayback Machine,TheStreet,February 2, 2008.
- ^"Mastercard Incorporated MA".NYSE.Retrieved26 June2021.
- ^frontline: secret history of the credit card: watch online | PBS
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