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Card schemes are payment networks linked to payment cards, such as debit or credit cards, of which a bank or any other eligible financial institution can become a member. By becoming a member of gets the possibility to issue cards or acquire merchants operating on the network of that card scheme.[1][2] UnionPay, Visa and MasterCard are three of the largest global brands, known as card schemes, or card brands. Billions of transactions[3] go through their cards on a yearly basis.
- ^ Rupp, Martin (April 22, 2021). "Cardholder, Merchant, Issuer & Acquirer - The Four Corners Model for Payment Security and Key Management". Cryptomathic.
- ^ Études et activités bancaires et financières (January 2013). "An interbank payment card system for the benefit of all" (PDF). Fédération Bancaire Française. Archived from the original (PDF) on 2013-09-25. Retrieved 2021-05-17.
- ^ de Best, Raynor (July 2021). "Number of purchase transactions on global general purpose card brands". Statista.