four-party card scheme

What is four-party card scheme?

four-party card scheme definition and meaning on Finance terms:
A card scheme where the stakeholders involved are: 1) the issuer; 2) the acquirer; 3) the cardholder; and 4) the card acceptor. (In the case of automated teller machine (ATM) transactions, it is usually the acquirer that offers its services via the ATM. ) By contrast, in a three-party card scheme, the issuer and the acquirer are always the same entity. See also
card scheme
three-party card scheme<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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