How do card networks operate? | Decoding: Banks | Episode 3

Mastercard and Visa are the two biggest credit card networks in the world. But what is a card network? How did they begin? How do they operate?
Watch the full series: 11fs.com/decoding
#DecodingBanks #Banking #FinancialServices
In association with Jack Henry Digital, the pioneer of personal digital banking, helping financial institutions strategically differentiate their digital offerings from megabanks, big techs, and fintechs.
Find out more: discover.jackhenry.com/digital/
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[@montywalsh]

Thank you for explaining how the card networks work, it's surprisingly difficult to find videos on this that aren't EFTPOS/ credit card companies trying to do tutorials on how to use their products. Also, what a cool, informative, smooth and well-animated video!

[@user-ml1wj9qf9f]

Very helpful!

[@TeeMilli]

Crypto Blockchain = Public Ledger
Visa, MC, AMX, Discover = Private Ledger
Debit/Credit Card = Token runs on a Private Ledger