Bank Card Association

(redirected from Bank Card Associations)

Bank Card Association

A network or organization owned by banks that processes transactions by bank cards. That is, a bank card association gives a bank the right to issue a card and authorizes debits and credits put on the card. It charges a fee (often assessed per transaction) for performing these services. Visa International and MasterCard International are the major bank card associations in the United States.
References in periodicals archive ?
NPCI, which launched the RuPay payment scheme earlier, is in talks with Japanese and Chinese bank card associations to help Indians avail of international services wherever the two firms have operations.