Card Association Rules
/ˈkɑrd əˌsoʊsiˈeɪʃən rulz/
Definitions
- (n.) Regulations and standards set by credit and debit card networks governing the use, security, and processing of payment cards.
Merchants must comply with the card association rules to accept credit card payments.
Forms
- card association rules
- card association rule
Related terms
See also
Commentary
Card association rules are contractual terms imposed by networks like Visa or MasterCard, crucial in drafting merchant and acquiring bank agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.