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Credit Card Number
A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and debit cards, as well as stored-value cards, gift cards and other similar cards. In some situations the card number is referred to as a bank card number. The card number is primarily a card identifier and may not directly identify the bank account number(s) to which the card is/are linked by the issuing entity. The card number prefix identifies the issuer of the card, and the digits that follow are used by the issuing entity to identify the cardholder as a customer and which is then associated by the issuing entity with the customer's designated bank accounts. In the case of stored-value type cards, the association with a particular customer is only made if the prepaid card is reloadable. Card numbers are allocated in accordance with ISO/IEC 7812. The card number is typically embossed on the front of a payment card, and is encoded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luhn Algorithm
The Luhn algorithm or Luhn formula (creator: IBM scientist Hans Peter Luhn), also known as the " modulus 10" or "mod 10" algorithm, is a simple check digit formula used to validate a variety of identification numbers. The algorithm is in the public domain and is in wide use today. It is specified in ISO/IEC 7812-1. It is not intended to be a cryptographically secure hash function; it was designed to protect against accidental errors, not malicious attacks. Most credit card numbers and many government identification numbers use the algorithm as a simple method of distinguishing valid numbers from mistyped or otherwise incorrect numbers. Description The check digit is computed as follows: # Drop the check digit from the number (if it's already present). This leaves the payload. # Start with the payload digits. Moving from right to left, double every second digit, starting from the last digit. If doubling a digit results in a value > 9, subtract 9 from it (or sum its digits). # ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Card
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs). Such cards are known by a variety of names, including bank cards, ATM cards, client cards, key cards or cash cards. There are a number of types of payment cards, the most common being credit cards, debit cards, charge cards, and prepaid cards. Most commonly, a payment card is electronically linked to an account or accounts belonging to the cardholder. These accounts may be deposit accounts or loan or credit accounts, and the card is a means of authenticating the cardholder. However, stored-value cards store money on the card itself and are not necessarily linked to an account at a financial institution. The largest global card pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mir (payment System)
Mir (, ; ) is a Russian card payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on 1 May 2017. Russian National Card Payment System, a wholly-owned subsidiary of the Central Bank of Russia. Mir does not itself issue cards, extend credit or set rates and fees for consumers; rather, Mir provides financial institutions with Mir-branded payment products that they use to offer credit, debit, or other programs to their customers. The development and implementation of Mir was spurred by the imposition of international sanctions against Russia in 2014 to circumnavigate the reliance on the likes of Visa and Mastercard, which were blocked in Russia at the time. Mir created its own digital wallet for contactless payments. History Mir, as an idea, was born out of a series of joint initiatives between the Central Bank of Russia and the World Bank in the mid-2000s that aimed to create a framework of an autonomous payment processing s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dankort
The Dankort is the national debit card of Denmark. Today it is often combined with a Visa Inc., Visa card or Mastercard (depending on issuing institution) and functions as a Visa or Mastercard debit card abroad and in stores that don't accept Dankort. History The first Dankort was issued by ''Pengeinstitutternes Købe- og Kreditkort'' in September 1983. In its very early years, Dankort transactions were processed mainly using Dankort-branded Credit card imprinter, imprinters, until the first electronic Dankort Payment terminal, POS terminals were introduced in 1985. The first Dankort magnetic stripe cards were issued in 1984, and in the same year Dankort card holders were able to withdraw money from "Kontanten" Automated teller machine, ATMs. In 2004 the Dankort technology was upgraded from being simply a magnetic stripe card, to a hybrid card with both the magnetic strip and an smart card, embedded chip. This was to improve security by making it harder to clone a card and als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maestro (debit Card)
Mastercard Maestro is a brand of debit cards and prepaid cards owned by Mastercard that was introduced in 1991. Maestro is accepted at around fifteen million point of sale outlets in 93 countries. On July 1, 2023, Mastercard began phasing out Maestro across Europe. European banks and other card issuers are now required to replace expired or lost Maestro cards with a different card. Functionality Maestro debit cards are obtained from associate banks and are linked to the cardholder's savings account, current account or any of several other types of accounts, while prepaid cards do not require a bank account to operate. Maestro cards can be used at point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ... (POS) and ATMs. Payments are made by swiping cards through th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laser (debit Card)
Laser was a debit card scheme in Ireland between 1996 and 2014. It was operated by Laser Card Services Limited, a non profit body owned by four leading financial institutions in Ireland and overseen since 2008 by the Oversight Unit of the Central Bank. The scheme was launched in April 1996, and in 2010, there were almost three million Laser cards in circulation. 195 million transactions worth almost €11.2 billion were carried out on those cards in 2009. From 2007, the financial institutions which had issued Laser cards began to replace them with Visa or MasterCard debit cards. Laser cards were withdrawn from the market on 28 February 2014. Use Laser was primarily an electronic point of sale debit card, but could also be used by telephone and internet, at ATMs and to pay regular bills by direct debit. When purchasing goods or services with a Laser card up to €100 cashback could be given to cardholders and this value was simply added to the purchase price. Some retailers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan Credit Bureau
, formerly Japan Credit Bureau, is a credit card company based in Tokyo, Japan. History Japan Credit Bureau was founded in 1961 by Sanwa Bank (now MUFG Bank) and Nippon Shinpan (now Mitsubishi UFJ NICOS), as the country's second credit card issuer and payment network after the Japanese branch of Diners Club International. JCB firmly established itself in the Japanese credit card market after purchasing, and then absorbing, Hokkaido Credit Bureau and Osaka Credit Bureau in 1968. its cards are issued to 130 million customers in 23 countries. JCB also operates a network of membership airport lounges for holders of their Platinum Cards issued outside Japan. JCB cards are issued in 24 countries. In most of these, JCB is affiliated with financial institutions to issue JCB-branded cards. In the United States, JCB is not a primary credit card network such as Visa or MasterCard. While the brand was primarily accepted by tourism-related businesses such as airlines and car rental ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decoupled Debit Card
A decoupled debit card is a debit card in the US that is not issued by and not tied to any particular retail financial institution, such as a bank or credit union. This is based on the ability in the US ACH Network payment system to make an electronic payment from any bank or credit union without needing to use a card issued by the bank or credit union. A third party, such as a retailer, can create a decoupled debit card which will use this system to make a payment from the customer's checking account. They may do this as part of a loyalty scheme or to reduce their own debit card processing costs. History In May 2007, Capital One began a one-year decoupled debit card experiment. This card was novel in that prior to this launch, a debit card was always tied to a traditional financial institution. Capital One's MasterCard-branded decoupled card did not require an account be opened with a retail financial institution, and was made in partnership with the Ukrops grocery chain, base ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RuPay
RuPay (portmanteau of Rupee and Payment) is an Indian multinational financial services and payment service system, conceived and owned by the National Payments Corporation of India (NPCI). It was launched in 2012, to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments. RuPay facilitates electronic payments at almost all Indian banks and financial institutions. NPCI has partnered with Discover Financial and JCB to help the RuPay network gain international acceptance. As of November 2020, around 753 million RuPay cards have been issued by nearly 1,158 banks. All merchant discount rate (MDR) charges were eliminated for transactions done using Rupay debit cards from 1 January 2020. All Indian companies with an annual turnover exceeding are required to offer RuPay debit card and Unified Payments Interface as a payment option to their customers. Background In 2009, RBI asked the Indian Banks' Association to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
