OnDemand Video Module

Introduction

As consumers, we all know about Visa, Mastercard, American Express, and Discover. These four card networks, and another 80+ card networks around the world, collectively make up the card system. This webinar grounds participants in card system fundamentals and introduces the key concepts and terminology used in the market.

Topics Covered

Card system key value chain (historic and contemporary), transaction processing model, risk exposure by participant, and interchange. We’ll also take a high-level look at the role of the card network vs the card issuer vs the card acquirer.

Learning Objectives

To understand the common card system concepts that span all card networks and how the card system differs from other payments systems.