Learn about the types of bank cards

Knowledge of bank cards can help you understand better about the terminology related to bank card services. Bank cards (referred to called “card”) is the means by card issuer that usually a bank released to perform card transactions under the conditions and terms agreed between the parties. So that local card is the card issuer is in the country to issue cards to transactions within the territory of that country.

International card is the card issuer is in interior to issue cards for transactions within and outside the territory of the country; or the card is held abroad issued and traded in the territory of the country.

Debit Card is the card that allows card holders perform card transactions within the amount of deposit accounts of the cardholder billing which opened at an organization providing payment services that are allowed to take deposits corroborate. The credit card is the card that allows card holders conduct transactions within the card credit limit granted under the agreement with the card issuer.

Prepaid cards is the card that allows cardholders to conduct transactions within the card is worth the money loaded on the card corresponds to the amount that the cardholder has paid in advance for issuers that have prepaid. The prepaid card includes: prepaid cards identified (prepaid cards) and prepaid cards are not identified (anonymous prepaid cards).

EMV chip card (chip card for short) is the electronic chip cards with microprocessors like a miniature computer and multifunction applications, with the ability to store important information encryption for high security.

Card holder: The person or organization issuing the card provider to use the card, including the card holder and a supplementary card holder. The main card holder is an individual or entity named in the agreement on the use of the card and the card issuers are obliged to implement that agreement. The secondary card holder is an individual person who will be allowed by card holders to use the card key under the agreement on the use of the card between the card holder and the card issuer. The secondary card holder is responsible for the use of the card with the card holder.

Card issuing organization: As banks, credit banks institutions, cooperative credit institutions, other institutions are not credit institutions are allowed to issue cards.Card switching organizations: As intermediary organizations providing services connected transaction processing system for the organization of card issuing, and merchant organization as agreed in writing between the parties involved.

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