Payment Card

A payment card is a plastic or digital card that enables the cardholder to access funds for making purchases or withdrawing cash. These cards, which may bear the logo of the founding members of PCI SSC (American Express, Discover Financial Services, JCB International, MasterCard, or Visa, Inc.), are linked to specific types of financial accounts. The primary categories of payment cards are credit, debit, and prepaid cards:

Payment cards are equipped with various security features to safeguard financial transactions. These features include a magnetic stripe, a chip for chip-and-PIN transactions, a space for the cardholder's signature, and often, contactless payment technology for quick tap-to-pay transactions at compatible terminals.

Widely accepted both domestically and internationally, payment cards facilitate easy and secure purchases at millions of locations around the world. They are integral to modern financial transactions, offering convenience, security, and flexibility in personal and business financial management.