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Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.
Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on an Apple device such as an iPhone, iPad, Apple Watch, or Mac. [ 1 ] [ 2 ] Currently, it is available only in the United States , with 6.7 million American cardholders in early 2022.
Barclays was not the first issuer of a credit card in the United Kingdom though; Diners Club and American Express launched their charge cards in 1962 and 1963 respectively. [ 3 ] [ 2 ] Barclaycard was originally a BankAmericard licensee, and became part of the Visa network on its formation in September 1976.
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank").
Credit card interest is a way in which credit card issuers generate revenue. A card issuer is a bank or credit union that gives a consumer (the cardholder) a card or account number that can be used with various payees to make payments and borrow money from the bank simultaneously.
A contactless smart card is a contactless credential whose dimensions are credit card size. Its embedded integrated circuits can store (and sometimes process) data and communicate with a terminal via NFC. Commonplace uses include transit tickets, bank cards and passports. There are two broad categories of contactless smart cards.
Carte Bleue (English: Blue Card) was a major debit card payment system operating in France. Unlike Visa Electron or Maestro debit cards, Carte Bleue transactions worked without requiring authorization from the cardholder's bank. In many situations, the card worked like a credit card but without fees for the cardholder.
Most Visa Electron cards do not have the dove hologram as on Visa credit and debit cards, but a few banks do include it. The card number and validity as well as cardholder name are printed rather than embossed , thus the card cannot be used in a card imprinter – for card-present transactions the card requires a reader of magnetic stripe cards ...