Card Networks

Primary Account Number (PAN)

What is a Primary Account Number (PAN). A primary account number (PAN) is the long number printed on the front of a payment card. It is the unique identifier that links a cardholder to their account within the global payments system.

Interchange and how it works

What is Interchange and how it works. Interchange and how it works refers to the fee structure that governs how money moves between banks during a card payment.

Visa Interchange Rates Table

What is Visa Interchange Rates Table A Visa Interchange Rates Table is a detailed chart or document published by visa, one of the leading payment networks, that outlines the interchange fees charged for different types of card transactions.

Original Credit Transaction (OCT)

What Is Original Credit Transaction (OCT). An original credit transaction (OCT) is a type of card-based payment that sends money directly to a recipient’s card account instead of charging it.

Card Schemes

What are Cards Schemes. Card schemes are organized frameworks and networks that enable debit and credit card transactions between cardholders, merchants and banks. They include major brands such as Visa, Mastercard, American Express and Discover.

Card Networks

What is Card Networks. Card networks, often referred to as card schemes or payment networks, are the infrastructure that enables secure debit and credit card transactions between consumers, banks and merchants.