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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Gift certificates or gift cards - cash alternatives that are essentially the same, except that the cards automate the checkout and accounting processes by having a barcode or magnetic strip, which can be processed through a standard electronic credit card machine.
  • Discount brands - usually smaller regional gas station chains or independent stations that offer lower prices on gasoline.
  • MasterCard Incorporated - a membership organization owned by the 25,000 financial institutions that issue its brand of credit cards.
  • Credit card system - a retail transaction credit and settlement system named after the small plastic card issued to users of the system.
  • Credit card incentives, rewards, and rebates - credit providers often offer incentives such as frequent flier miles, gift certificates, or cash back (typically 1 %) to try attract customers to their program.

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