Definition
Card networks such as Visa, Mastercard, RuPay, and American Express facilitate communication between issuing banks and acquiring banks.
How this works
The card network routes transaction data and ensures standardised rules for authorisation and settlement.
Benefits
• Global interoperability
• Secure transaction routing
• Fraud monitoring
FAQs
Are card networks banks?
No. They are payment networks.
Does every card use a network?
Yes. All cards operate on a network.
Can merchants choose card networks?
Merchants accept networks supported by their acquirer.
Are card networks regulated?
Yes. They follow RBI and global standards.