Cards and Payments Industry

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Cards and Payments Industry
Man using payment terminal keypad enter personal identyfication number

A payment card is a device that enables its owner (the cardholder) to make a payment by electronic funds transfer. The most common types of payment cards are credit cards and debit cards. Payment cards are usually embossed plastic cards, 85.60 × 53.98 mm in size, which comply with the ISO/IEC 7810 ID-1 standard. They usually also have an embossed card number conforming to the ISO/IEC 7812 numbering standard.

The Cards and Payments industry has been constantly evolving due to the introduction of new digital technologies. In the face of changing regulations, the industry has had to make the best use of these new technologies to provide unique offerings, in order to drive forward.

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