Personal Business and Finance

As we whole time assume that who are involve in the whole process of credit card. So let’s see who are involves.

First the owner of the credit card whom they called CARD HOLDER. And he/she make the starting of the process of credit card and use it.

Second one is Bank, who issuing the credit card so we called it is an organization where from credit card issued and gives card holder verifies it and giving authorized it to use it.

Third is the Merchant whom we known as a shop owner whom the card holder gives the money in part of credit card and deducted from their limit. And shopping or buy or as he/she wants to use it.

Next is the acquiring Bank it is the financial institution who are accepting payment for products or any services which the card holder use it. This acquiring Bank is used on behalf of the shop owner.

Now fifth one is the Resellers of the products and services of the acquiring bank. Generally they called Independent sales organization.

Sixth one is Account of the shop owner or any other organization which will work as a bridge between the customer and transaction process.

Next is the credit card Association which we called as a bunch of association of credit card issuing banks for example Visa, MasterCard, America Express Etc…

Now next is generally a process but here we called it is a network of transaction. In this network all electronic equipments are involved thoroughly to checking and verifying card and deducted money also.

The last one is the Affinity partner; it is used generally to attract new customers to sell their maximum their credit card. Generally people take credit card on the basis of big names so many big organization joined as a affinity partner so people get their trusts and used to their credit card and the they paid certain amount of percentage to the organization whose credit card is there, basically they give on the basic of number of cards sell and each card they give percentage.

Spanish website you can visit is “Mejores Tarjetas De Credito” and link this to http://www.tarjetasdecredito247.es

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