three-party card scheme

What is three-party card scheme?

three-party card scheme definition and meaning on Finance terms:
A card scheme involving the following stakeholders: 1) the card scheme itself, which acts as issuer and acquirer; 2) the cardholder; and 3) the accepting party. This contrasts with a four-party card scheme, where the issuer and the acquirer are separate entities and are separate from the card scheme itself. See also
card scheme
four-party card scheme<

 

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

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