MasterCard (English: MasterCard) is any electronic payment card that uses the MasterCard network to process transaction information. They can be credit card, debit card or prepaid card.
MasterCard (MasterCard card)
Concept
MasterCard in English is MasterCard card.
A MasterCard card is any electronic payment card that uses the MasterCard network to process transaction information. These cards are usually labeled with the MasterCard logo. They can be credit card, debit card or prepaid card.
MasterCard cards are usually issued as branded cards with the MasterCard logo. This helps determine the card holder’s eligibility for use. Electronic payment cards have an IIN (issuer identification number) that distinguishes MasterCard as the processor for electronic payment. IIN can help identify the card brand if it does not see the logo.
Things to know about Mastercard
Benefits branded cards
MasterCard partners and financial institutions identify the benefits that cardholders can receive from their cards. They also post ads to card partners. To attract a variety of users, financial institutions offer many features on MasterCard branded cards. Some common features may include no annual fees, bonus points, refunds and a 0% referral rate.
Co-branded card
MasterCard is also the leading network processing system in co-brand relationships. In a co-branded card relationship, MasterCard will act as a network processing system in cooperation with a payment bank or a third-party financial institution selected by the retailer. If MasterCard is a network processing system, they have the exclusive right to handle the transfer if an extended communication request is required to process the co-branded card.
Transaction fee
As a network processing service provider, MasterCard charges network fees for every transaction they process. These fees are a factor for merchants who choose to authorize MasterCard payment cards.
The seller pays MasterCard a small percentage for each MasterCard transaction. For traders, this fee comes with all the fees associated with a particular transaction. Merchants, payment banks, network processing systems and card issuers are the four main entities involved in a transaction. Therefore, transaction fees for merchants will usually include network processing system fees and traders get bank transaction fees.
By accepting credit cards, merchants can increase their sales, because consumers prefer convenient and safe payment options. Sellers are paid in full for purchases that consumers have paid to MasterCards. These deposits are deposited into a commercial account managed by the paying bank.
(Reference: investopedia.com)
Tin tức khác
Advantages of 3D-Secure 2.0 security technology
3D-Secure is an extra layer of protection for Vietcombank cardholders to enhance safety, security and convenience when making transactions online. With this method, when performing transactions on e-commerce websites, besides normal authentication steps, Vietcombank will send an additional one-time transaction password (OTP) via text message or email for customers to enter and complete the transaction.
Xem chi tiết
From 2020, there is no need for personal documents for medical examination and treatment with health insurance
For many years, identity card or other personal documents have been an integral part of medical examination and treatment records of health insurance. However, from next year, when medical examination and treatment, people have been able to ignore this type of paper. Medical examination and treatment procedures with current health insurance According to Article 15
Xem chi tiết
Chip-mounted CCCD cards need to apply advanced technology, ensure security etc.
The Minister of Public Security will decide on the model and material of a citizen’s identity card with electronic chips. At the request of the Prime Minister, the card should apply advanced technology to ensure security and safety. Citizen card with electronic chip will support converting country number On October 7, the Government Office sent
Xem chi tiết
Dần thay đổi thói quen của người dân
Mới đây, Chính phủ đã giao Ngân hàng Nhà nước Việt Nam chủ trì, phối hợp với Bộ Tư pháp và các cơ quan liên quan nghiên cứu, đề xuất Thủ tướng Chính phủ ban hành Quyết định về việc thí điểm dùng tài khoản viễn thông để thanh toán cho các dịch vụ có
Xem chi tiết
Baoviet Bank converts magnetic cards to domestic chip cards
The digitization of domestic cards of Baoviet Bank aims to ensure transaction safety for customers, and prevent fraud and fraud. From September 14, Baoviet Bank completed the conversion of magnetic cards to domestic chip cards. Compared with magnetic cards, the domestic chip card line fully meets the elements of international EMV standards, the bank said.
Xem chi tiết
Thanh toán không dùng tiền mặt: Ngân hàng than khó khi chuyển thẻ từ sang thẻ chip
Thẻ chip giúp ngân hàng phát hành thẻ nội địa Việt Nam có thể mở rộng hệ sinh thái thanh toán sang các ngành như y tế giao thông, bảo hiểm. Nhưng các ngân hàng cho rằng việc chuyển đổi thẻ từ sang thẻ chip sẽ tốn thêm nhiều loại chi phí khác. Chuyển đổi
Xem chi tiết
