card network
Transaction processing system
A card network is the system that processes electronic payments between merchants and card-issuing banks.
Visa, Mastercard, American Express, and Discover are the major card networks, routing transaction data and authorizing purchases in seconds.
The network connects all parties—cardholder, merchant, and banks—taking a small fee for each transaction.
The restaurant only accepts cards on the Visa network.
- visaTravel authorization stamp
- paymentFulfilling a financial obligation
- payment processingManaging financial transfers
- swipeQuick sliding motion
- transactionExchange of goods/money
merchant · processor · interchange · chip · magnetic · stripe · terminal · point of sale · authorization · decline · approval · fraud protection · purchase · credit · debit · POS · gateway · issuer
card networkcash
Ready spending funds
barter · cryptocurrency · paper money · coins · Bitcoin
card, cards, carded, carding, network, networks, networked, networking, net