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  2. Credit card fraud - Wikipedia

    en.wikipedia.org/wiki/Credit_card_fraud

    Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard (PCI DSS) is the data security standard created to help ...

  3. American Express - Wikipedia

    en.wikipedia.org/wiki/American_Express

    In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. As of December 31, 2019, the company had 114.4 million cards in force, including 54.7 million cards in force in the United States, each with an average annual spending of $19,972.

  4. Credit card - Wikipedia

    en.wikipedia.org/wiki/Credit_card

    Technical specifications. The size of most credit cards is 85.60 by 53.98 millimetres (3 + 3 ⁄ 8 in × 2 + 1 ⁄ 8 in) and rounded corners with a radius of 2.88–3.48 millimetres (9 ⁄ 80 – 11 ⁄ 80 in) conforming to the ISO/IEC 7810 ID-1 standard, the same size as ATM cards and other payment cards, such as debit cards.

  5. AOL - News, Politics, Sports, Mail & Latest Headlines

    www.aol.com/weather/forecast/us/new-york

    Vermont releases student-elected snowplow names. Vermont Agency of Transportation workers Joe Ruzzo, Ron Laplante and Seth Kimball, from left, post at the side of "Big Bessie," a snowplow truck ...

  6. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.

  7. Payment system - Wikipedia

    en.wikipedia.org/wiki/Payment_system

    Modern payment systems use cash-substitutes as compared to traditional payment systems. This includes debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems. Payment systems may be physical or electronic and each has its own procedures and protocols.

  8. Cheque - Wikipedia

    en.wikipedia.org/wiki/Cheque

    The only methods generally available for individuals and small businesses to make payments electronically are electronic funds transfers (EFT) or accepting credit cards. EFT payments require a commercial checking account (which often has higher fees and minimum balances than individual accounts) and a subscription to EFT service costing ...

  9. Fiat money - Wikipedia

    en.wikipedia.org/wiki/Fiat_money

    Fiat money (from Latin: fiat, "let it be done") is a type of money that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally established ...