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.
NetSpend's partners include the leading companies serving the un-banked and under-banked markets as well as strategic relationships with card issuers and EFT and bank card associations.
It has been working closely with the Bank Card Associations in developing guidelines to facilitate onshore e-commerce transactions via the Internet.
They have been working closely with the Bank Card Associations in developing guidelines to facilitate onshore e-commerce transactions via the Internet.
EFTA members include bank card associations Visa and MasterCard; manufacturers like VeriFone, Fujitsu and Diebold, whose equipment is widely used in EBT; and virtually all shared ATM networks processing EBT transactions, including, NYCE, PULSE, STAR and MAC.