Definition: Card scheme

ECB terminology

Technical and commercial arrangement set up to serve one or more particular card brands and which it provides the organisational, legal and framework rules necessary for the services marketed by the brand to function.
Source:
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
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