Credit Card Association

A Credit Card Association is an organization that manages and oversees credit card networks, like Visa or Mastercard. These associations set the rules for how credit card transactions are processed, ensure security standards are met, and help resolve disputes between cardholders and merchants. They also work to promote the use of their specific cards globally and maintain relationships with banks and financial institutions that issue the cards. Essentially, they act as a middleman that facilitates transactions and maintains the integrity of the credit card system, ensuring smooth operations for consumers and businesses alike.