Credit cards are now an integral part of our lives. However, we do use these payment methods what is happening Many of us don’t know.

Most of us can now pay in one swipe, without even bothering to enter a password, with the cards we received from our bank and which have the Mastercard or Visa logo on them. But behind this process is actually It’s quite a complicated process contains.

Before we dive into the topic, let’s briefly get acquainted with Visa and Mastercard companies.

The head office is located in America Visa, One of the world’s largest payment technology companies. Visa, which acts as an intermediary between banks and customers, is used in 200 countries and regions.

A company based in the US If it’s Mastercard, Its rival offers credit card payment systems such as Visa. Mastercard, one of the first systems to offer the chip payment system to its customers, is used in a total of 210 countries and regions.

While these two companies have competitors like Discover Financial and American Express, they are not the same when it comes to dual payment systems. Dominate your rivals They control a large part of the market share.

So let’s get into it now. These seemingly simple cards are actually part of a very complex payment ecosystem!

Companies like Visa and Mastercard, A very complex payment infrastructure has.

This complex infrastructure that they use allows banks to provide A faster and more secure card with experience it helps presenting.

For this reason, instead of setting up this infrastructure themselves, banks use the infrastructures of organizations such as Visa or Mastercard. saves both time and resources they do.

The mediation of these companies prevents possible confusion in international transactions.

A bank uses Visa or Mastercard to manage international credit card transactions. must use the infrastructure.

This way, Visa and Mastercard standards between banks in international transactions determination facilitates transaction processes.

Banks create their own payment network will be complex and expensiveIt is much safer and easier for both banks and customers to use the infrastructure that these companies offer.

worldwide They are preferred by banks because they are widely accepted.

Visa and Mastercard are payment systems used almost everywhere in the world, except in closed economies such as China.

Already made this way and Accepted by many banks in different countries The use of these payment systems is more efficient for both consumers and banks.

Because if a bank issues a credit card with its own payment system, there is little chance that this card will be accepted, because a payment network linked to that bank cannot be everywhere. will be much lower.

Especially in films or perhaps in your daily life, certainly “We do not accept American Express.” You may have heard the expression. To prevent the cards they issue from being accepted everywhere, the banks work with these two companies that dominate the sector. They cooperate.

Finally, they use advanced security measures because they are very large and established companies.

These companies protect credit card transactions with measures such as fraud detection systems and security protocols. in the safest way and in a way that minimizes the risk of fraud They manage.

The offering of these services by banks is considerable It is difficult and expensive. For this reason, banks prefer to use the services of these companies rather than their own payment systems.

In summary, banks prefer payment networks such as Visa or Mastercard rather than issuing credit cards themselves infrastructure, acceptability, international transaction capabilities and security Features like these offer significant benefits to banks.

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