Today's News About Credit Cards

* Related Definitions, Terms and Acronyms:
  • Credit - is the risk of loss due to a party (such as a borrower) defaulting on a loan, or more generally the risk of loss due to some credit event.
  • 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.
  • Bankruptcy - a legally-declared inability or decreased ability of an person or company to pay their creditors.
  • MasterCard Incorporated - a membership organization owned by the 25,000 financial institutions that issue its brand of credit cards.
  • 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.

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