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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Credit card system - a type of retail transaction settlement and credit system, named after the small plastic card issued to system users. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account.
  • Smart card - any pocket-sized credit card or similar card with embedded integrated circuits.
  • Money - any marketable good or token used by a society as a store of value, a medium of exchange, and a unit of account.
  • MasterCard PayPass - a new contactless payment feature that provides cardholders with a simpler way to pay by tapping a payment card or other payment device, such as a phone or key fob, on a point-of-sale terminal reader rather than swiping or inserting a card.
  • Money - any marketable good or token used by a society as a store of value, a medium of exchange, and a unit of account.

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