payment network
Money transfer system
A payment network is the infrastructure connecting banks, merchants, and cardholders to process electronic transactions.
Visa, Mastercard, and American Express are payment networks—they don't issue cards directly but provide the rails that move money between accounts when you swipe or tap.
The merchant pays a fee to the payment network for each transaction.
- consumerOne who acquires goods
- clearinghouseCentral settlement agency
- regulatorDevice maintaining steady output
- tokenizationConverting input into discrete units
- remittancesPayments sent abroad
Visa · credit card · card swipe · cryptography · fraud detection · contactless payments · intermediary · SWIFT · cross border · money transfer · acquirer · digital wallets · chargeback · settlement · interoperability · blockchain
- payment systemsMastercard, Visa, American Express, Amex, SWIFT
- bankingbank, banks, ATM, ATMs, account
payment networkbank
Place holding deposits
card issuer · merchant · cardholder · payer · payee
payment networkbarter
Direct goods-for-goods exchange
paper money · cash · cash payment · hard currency · specie
payment, network, paying, payer, payers, payable, repaying, repayment, prepay