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Card Standard Account Discredit cards Card fees MasterCard or VISA Classic21.00 p.a. Visa and MasterCard when taken together30.00 p.a. Additional CardsFirst additional cardFreeSecond and subsequent7.00
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Card standard refers to the set of regulations and guidelines that govern the use of credit, debit, and prepaid cards in financial transactions.
Financial institutions and businesses that accept card payments are required to comply with card standard regulations.
Card standard compliance typically involves implementing specific security measures, maintaining accurate card transaction records, and submitting reports to regulatory authorities.
The purpose of card standard is to protect cardholder data, prevent fraud, and ensure the security of card transactions.
Information that must be reported on card standard includes transaction details, security measures implemented, and compliance with industry regulations.
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