payment card
Let an agent explain payment cards and their kinds, relay technology, networks and regulation from payments industry sources, describe transit and rail passes as the registry aliases include them, and distinguish payment cards from cash, mobile payments, identity cards and loyalty cards, without giving personal financial advice.
Research draft, second pass
A second pass drafted this model: the structure a model of this thing needs, and what is known about it in the world. The line under this one says how the second half was obtained - researched against sources, or recalled without web access, in which case nothing here was read anywhere and every claim is a lead to verify. Unreviewed either way.
written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify
Researched by: Claude
Purpose and description
Let an agent explain payment cards and their kinds, relay technology, networks and regulation from payments industry sources, describe transit and rail passes as the registry aliases include them, and distinguish payment cards from cash, mobile payments, identity cards and loyalty cards, without giving personal financial advice.
A card issued by a financial institution or transport operator that enables payment or access, from debit, credit and prepaid cards to transit passes and stored-value cards such as Beijing s Yitongka, Japanese and other rail passes, free travel passes for eligible groups and regional products such as Rail Plus; payment cards use magnetic stripes, chips and contactless technology and are regulated as payment instruments.
What it is for: Making payments and accessing services.
It can be explain kinds and technology; relay networks and regulation; describe transit passes; distinguish related instruments.
Distinguishing features
Payment instrument
Chip and contactless
Network schemes
Transit variants
What it looks like
A plastic or virtual card with chip, stripe or contactless antenna.
Physical character
EMV chip standard: 1990s onward period
card dimensions: ISO/IEC 7810 ID-1, 85.6 by 54 mm note
global card transactions: hundreds of billions per year note - estimates
How it is recognised
Card enabling payment or access
Debit, credit and prepaid cards, transit passes, Yitongka, rail passes, free travel passes, Rail Plus, KURURU
Cash is physical currency; mobile payments use phones; identity cards prove identity; loyalty cards earn rewards
Related models
is a kind of - in registry terms
is a kind of - in registry terms
is a kind of - in registry terms
is contrasted with - using phones
In practice
Families and kinds
debit cards
credit cards
prepaid and stored-value cards
transit and stored-value passes such as Yitongka and KURURU
rail passes and free travel passes
virtual and tokenised cards
Standards and regulation
ISO/IEC 7810 and 7816 card standards
EMV and PCI DSS security standards
Payment services regulation such as PSD2
Transit fare regulations
Failure modes and hazards
Fraud and data breaches
Agents giving personal financial advice
Registry aliases mixing payment and transit products
Also called
Where this came from
wikidata · CC0 1.0
Drafted structure
Bundle to layer to finding to question, as the second pass will find it: 4 bundles · 8 layers · 8 findings · 16 questions.
Understand What a payment card is.
Definition.
Definition
Definition and kinds.
Definition
Definition.
- What is a payment card, and how do debit, credit, prepaid and transit cards differ from cash, mobile payments and identity cards? definition
- Is the question about cards in general, a kind, technology, regulation or a personal finance matter? boundary
Transit
Transit and rail passes.
Transit
Transit.
- What are transit passes, Yitongka, KURURU, rail passes, free travel passes and Rail Plus? definition
- Which entry fits the specific product? action
Technology Technology.
Science.
Chips
Chips and contactless.
Chips
Chips.
- How do magnetic stripes, EMV chips, contactless and tokenisation work? provenance
- Which references are standard? provenance
Networks
Networks.
Networks
Networks.
- How do card schemes, issuers, acquirers and interchange work? provenance
- Which sources are cited? provenance
Regulation Regulation and security.
Regulation.
Law
Law.
Law
Law.
- How are payment cards regulated for consumer protection, fees and security? provenance
- Which entry fits payment services regulation? action
Fraud
Fraud.
Fraud
Fraud.
- What card fraud risks exist, and how are they mitigated, at a general level? provenance
- Which entry fits credit card fraud? action
Context History and future.
Context.
History
History.
History
History.
- How did payment cards develop from charge plates to contactless? provenance
- Which entry fits the history of credit cards? action
Future
Future.
Future
Future.
- How are digital wallets and open-loop transit changing cards? provenance
- Which entry fits digital wallet? action
What the second pass must settle
- Should credit card, transit pass and rail pass be separate primary entries?
- How should payments industry sources be linked?
- The registry entry has merged aliases naming transit and rail products; should they be split off?