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<