Credit Card Network
/ˈkrɛdɪt kɑrd ˈnɛtwɜrk/
Definitions
- (n.) A system operated by financial institutions that facilitates the authorization, processing, and clearing of credit card transactions between merchants and cardholders.
The credit card network ensures secure and efficient processing of payments worldwide.
Forms
- credit card network
- credit card networks
Related terms
See also
Commentary
In legal contexts, credit card networks are central to disputes involving fees, data security, and consumer protections, so precise definitions often hinge on the network's role in transaction authorization and clearing.
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.