💳 The Main Types of Payment Cards
Card payments form the backbone of modern global commerce, offering a secure and convenient alternative to cash. They involve a complex but lightning-fast system of communication between five key parties.
Here is a detailed discussion covering the types of cards, the transaction process, and security measures.
A card transaction, whether in-store (using a POS terminal) or online (using a payment gateway), involves a critical sequence of communication steps:
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