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Definition of

bank card

Banking

payment card issued by bank a plastic card issued by a bank and accepted by merchants in payment for transactions. The most common types are credit cards and debit cards. Bank cards are governed by an internationally recognized set of rules for the authorization of their use and the clearing and settlement of transactions.

Definitions of ’bank card’ and meaning of ’bank card’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’bank card’ and other financial terms with our online QFINANCE Financial Dictionary.

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