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Institutional Roles in Issuing and Processing Credit Cards

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Uploaded by on May 21, 2010

The institutions involved in processing your credit credit and how they relate to each other

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LICENSE: Creative Commons (Attribution-Noncommercial-No Derivative Works).

For more information about this license, please read: http://creativecommons.org/licenses/by-nc-nd/3.0/.

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  • My atm card and credit card are one card. Which is so awesome. I never loose cash, dont have to put debit card number, works wherever credit card would and I cant use money that I don't have. Its super.

  • @o2wow Actually I'm terrible with cash. I use a $20 bill, then lose track of where all my change is. Then I'll pull out another. So for $100 I might get 5 small items and have no idea how much money I have. Credit cards avoid this problem. So I disagree that you spend less with cash. Plus, it's more painful to use my credit card because I'll have to pay it when the bill comes. I find it's not really that painful to pay cash because it's done with.

  • good music

  • @ochaiscream

    you dun really understand wt sal is talking about, do u ? only that G store earn less. ( 2 dollar less )

  • what a perfect you are sal..

    please sal keep teaching and teaching millions of people waiting ..

    what a power you give them ...

    please sal we need lesson about greece problem and europe in general...

    thanks

  • @pendulousphallus

    There bills are often sent in PAPER as well as the JUNK AD's...

  • @o2wow Pay with credit cards, you will look cooler and save all the trees.

  • Pay in cash, you will spend less money and save all fees.

  • @qubitrabbit Not if your information processing laws are sound (and enforced).

    Normally, these communications are rather heavily encrypted. The grocery store would query the network, bank B and bank A for their public keys, and encrypt the data on a "need-to-know" basis.

    In principle, the network only needs to know who to send the message to. In practise, precisely how much the network needs to know depends on their policies and your country's data security laws (and enforcement thereof).

  • @picapauengracado

    There is nothing "natural" about interest rate in credit card industry... It's all games.

    No worries - this ponzi scheme and all the other ones will be over very soon...

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