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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • ISO 7810 - an international standard that defines three formats for identity or identification cards, ID-1, ID-2, and ID-3.
  • Credit card - a plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card.
  • Diners Club International - the first independent credit card company in the world.
  • Credit definition - the ability to borrow funds.
  • Debit card - a card which physically resembles a credit card and is used as an alternative to cash when making purchases. When purchases are made with a debit card, the funds are withdrawn directly from the purchaser's checking or savings account at a bank.

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