Management Information Systems

Role: The individual holding the credit card and bearing the legal obligation to repay the issuer.; Banking Example: A salaried customer of HDFC Bank using an HDFC Regalia card.

Role: Business entity accepting card payment for goods / services.; Banking Example: Amazon, Reliance Retail, a hospital, a petrol pump.

Role: Bank that on-boards the merchant on its POS / payment-gateway infrastructure and processes the card transaction.; Banking Example: Axis Bank acquiring a Croma store on its POS.

Role: Card scheme / payment processor that routes transaction data between acquirer and issuer.; Banking Example: Visa, Mastercard, RuPay, American Express.

Role: Bank / NBFC that issues the card to the customer and bears the credit risk on the outstanding.; Banking Example: SBI Card issuing an SBI SimplyCLICK card.

Definition: Issued directly by a financial institution under its own brand; the issuer owns the customer relationship, terms and servicing.; Example: HDFC MoneyBack, SBI SimplyCLICK, Axis ACE.

Definition: Joint product of a financial institution and a retailer / airline / e-commerce / hospitality partner; both logos appear on the face; benefits skewed to the partner's ecosystem.; Example: Amazon Pay ICICI, Flipkart Axis Bank, IRCTC SBI Card, Tata Neu HDFC.

Passport, PAN Card, Aadhaar / UID, Driving Licence, Voter ID.