GLOSSARY
Giro Card
Domestic debit card system (e.g., Germany) that clears directly against bank accounts via local rails.
A giro card is a domestic debit scheme (notably in Germany) that pulls funds from the customer’s bank account via local rails. Acceptance is strong in-country but limited cross-border unless co-badged with international networks.
Compared with a debit card on global schemes, giro cards can offer lower fees for local POS transactions. They do not provide revolving credit like a credit card and may require separate routing for e-commerce acceptance.
Related
Related terms.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
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Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.