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  2. Payment card number - Wikipedia

    en.wikipedia.org/wiki/Payment_card_number

    A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and debit cards, as well as stored-value cards, gift cards and other similar cards.

  3. E-commerce credit card payment system - Wikipedia

    en.wikipedia.org/wiki/E-commerce_credit_card...

    E-commerce credit card payment system. Electronic commerce, commonly known as e-commerce or eCommerce, or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet ...

  4. Electronic benefit transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_benefit_transfer

    Electronic benefit transfer ( EBT) is an electronic system that allows state welfare departments to issue benefits via a magnetically encoded payment card used in the United States. It reached nationwide operations in 2004. The average monthly EBT payout is $230 per participant as of 2022. [1]

  5. Electronic bill payment - Wikipedia

    en.wikipedia.org/wiki/Electronic_bill_payment

    Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.

  6. E-commerce payment system - Wikipedia

    en.wikipedia.org/wiki/E-commerce_payment_system

    There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily.

  7. Mastercard - Wikipedia

    en.wikipedia.org/wiki/Mastercard

    Mastercard Inc. (stylized as MasterCard from 1979 to 2016, mastercard from 2016 to 2019) is an American multinational payment card services corporation headquartered in Purchase, New York. [3] It offers a range of payment transaction processing and other related-payment services (such as travel-related payments and bookings).

  8. Payment gateway - Wikipedia

    en.wikipedia.org/wiki/Payment_gateway

    A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...

  9. Debit card - Wikipedia

    en.wikipedia.org/wiki/Debit_card

    A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card ...

  10. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    Debit cards and credit cards are creative terms used by the banking industry to market and identify each card. From the cardholder's point of view, a credit card account normally contains a credit balance, a debit card account normally contains a debit balance. A debit card is used to make a purchase with one's own money. A credit card is used ...

  11. The paradox of banknotes - Wikipedia

    en.wikipedia.org/wiki/The_paradox_of_banknotes

    The paradox of banknotes. In economics, the paradox of banknotes or cash paradox is the observation that while the share of cash transactions has fallen over the past few decades due to alternative forms of payment such as credit cards and other electronic payment instruments, [1] the demand for physical currency, measured as the ratio of ...