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Learn how cards payments systems work: card schemes in the world, the main players, the offerings, innovation and much more.

Main types of payment cards and associated services

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The payment card offerings are quite wide and varied. The purpose of this article is not to provide an exhaustive list of all existing offerings...
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The three corner model in card payments

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The three corner model in card payments, also known as or closed loop model and three party scheme, involves three main players: the cardholder,...
Image of Clearing and Settlement of ATM Cash withdrawal

Flow exchanges for Cash Withdrawal with Payment Card

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In a previous article, we saw in pretty detailed way what happens during a card payment transaction and the messages that are exchanged between...
Image for card transaction authorization

4-Party scheme in Card: Flow Exchanges for a Card Payment

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What happens during a card transaction, from time the transaction is initiated until funds are debited from cardholder's account and credited to merchant's account?...
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Card-Not-Present and Card-Present Transactions

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In the world of card payments, transactions are classified in two groups: Card Present (CP) and Card Not Present (CNP) Transactions. What are these...
Image Four Corner Model for Card payments

The Four Corner Model for Card Payments

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The Four Corner Model, also called Four-party scheme, is fundamental in payments. It is the model under which the vast majority of payment systems in...
Image of the front of a payment card

Anatomy of a payment card

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Payment cards are part of our daily lives. Many of us carry one or more cards in the wallet and we can hardly imagine...
Card payments networks Images

Card payments: Introduction and the main players

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Payment cards are the leading payment instruments in the world. They are used to initiate over a billion card transactions worldwide every day. There...
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The SEPA Cards Framework: interoperability in the SEPA area

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Payment by card has been the favourite method of electronic payment of Europeans for many years. Before the introduction of SEPA, card payments already...
Picture of Direct and Indirect Participants to a CSM

Direct and Indirect Participants to Clearing and Settlement Systems

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Banks can join a clearing system or a settlement system as direct participant (DP) or as indirect participant (IP). After reading this post, you...

Payment Market Infrastructures in the World...

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In the United Kingdom, Banks can join the Payment market infrastructures for the Pound sterling, but since UK belongs to the SEPA Area, UK...

Payment Market Infrastructures in the World...

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In our last videos, we spoke about the payment market infrastructures in Sweden. In today’s video, we will consider the payment market infrastructures of...

Credit Card Alternatives for Handling Large...

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Image: UnsplashFor a long time, people have relied on credit cards to help with the handling of major expenses. The idea is simply to...

Secrets to understand Payments Market Infrastructures...

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In the previous video, we explained how Payment Market Infrastructures are structured anywhere in the world while focusing on the example of Sweden. Swedish banks...