Glossary

Credit Card

A thin plastic rectangle with data stored on a magnetic stripe that is issued to a Customer for the sake of transacting through a Credit Account.

How does Credit Card works?

Credit Cards contain several informational and security features: usually, on their front, is a 16-digit embossed card number, an expiration date, and a hologram. On the reverse side is a magnetic stripe, signature panel, and 3-digit Card Verification Value (CVV). Credit Cards are linked to the Credit Account so they signify the obligation to repay the Issuer the amount which was transferred in the Transaction and other extra charges which were agreed.

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