Card association
A card association is a network of issuing banks and acquiring banks that process payment cards of a specific brand.
Examples
Familiar payment card association brands include China UnionPay, RuPay, Visa, MasterCard, American Express, Discover, Diner's Club, and JCB. Visa, MasterCard and American Express issuers co-brand with their card association. for example, "WellsFargo-Visa" and "Citi-MasterCard".
Statistics
Card associations Visa and MasterCard each comprise over 20,000 card issuing banks.[1]
Among United States consumers alone, over 600,000,000 payment cards are in circulation.[2]
Worldwide, Visa issuers have over 1.5 billion payment cards in circulation[3] .[4]
References
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