credit card networks

Credit card networks, like Visa or MasterCard, are companies that facilitate electronic payments between your bank (issuer) and merchants' banks (acquirers). When you use a credit card, these networks process the transaction, verify your card, and ensure the correct funds are transferred. They provide the infrastructure and rules that enable smooth, secure transactions globally. These networks don't issue cards or lend money; instead, they act as intermediaries that coordinate communication and settlement between banks, helping you buy goods or services conveniently and securely.