Payment Card Network
/ˈpeɪ.mənt kɑrd ˈnɛtˌwɜrk/
Definitions
- (n.) A centralized system that facilitates transactions between cardholders, merchants, and financial institutions using payment cards such as credit or debit cards.
The payment card network authorized the transaction securely and efficiently.
Forms
- payment card network
- payment card networks
Related terms
See also
Commentary
Payment card networks often operate under regulatory scrutiny due to their role in consumer protection and financial data security.
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.