Card Payment Network
/ˈkɑːrd ˈpeɪmənt ˈnɛtwɜrk/
Definitions
- (n.) A system that facilitates electronic payment transactions via cards by connecting issuers, acquirers, and merchants under a set of standardized rules.
The retailer must comply with the rules of the card payment network to accept debit cards.
Forms
- card payment network
- card payment networks
Related terms
See also
Commentary
Often governed by detailed operating rules and fees, card payment networks play a central role in consumer payment data standards and liability frameworks.
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.