Card Network Rules
/ˈkɑrd ˈnɛtwɜrk rulz/
Definitions
- (n.) The regulations and standards established by payment card networks that govern the conduct, processing, and security of card transactions among issuers, acquirers, merchants, and cardholders.
Merchants must comply with card network rules to avoid penalties and maintain transaction eligibility.
Forms
- card network rules
- card network rule
Related terms
See also
Commentary
Card network rules are often detailed and complex; drafters should reference the specific network's rulebook to ensure compliance and clarity.
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.