Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Consumer reporting agencies - are companies that collect and report credit information about consumers to be used for credit evaluation and other purposes.
  • Revolving credit - a type of credit that does not have a fixed number of payments, in contrast to installment credit.
  • ID-1 - the ISO 7810 format specifying a size of 85.60 53.98 mm (3.370 2.125 in.) commonly used for banking cards such as ATM cards, credit cards, debit cards, and so on.
  • MasterCard Incorporated - a membership organization owned by the 25,000 financial institutions that issue its brand of credit cards.
  • Interest - a supplemental charge for a loan, usually a percentage of the amount loaned.

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