Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.English-language economic definitions generated from approved international institutional sources.
A cardholder is the individual designated to use a payment card under the terms set by the provider. This designation may apply to a physical card or a card made available electronically, and it distinguishes the permitted user from entities such as the issuer, merchant, or payment processor.
Cash-in-transit (CIT) companies provide secure handling and movement of currency and valuables as part of the cash-supply system. They may collect funds from retailers, replenish ATMs, deliver cash to financial institutions, and transfer currency to or from processing facilities. Their role is operational and logistical rather than that of a bank or other financial intermediary.
Bilateral netting is a contract-based process in which reciprocal payment duties between the same two participants are consolidated into a single balance. The participant with the larger total obligation pays the difference, while equal obligations cancel out. It may cover transactions under one or more agreements and is subject to applicable law.
In payments, a brand is the market identity under which a provider offers a card or other payment service. It enables users and businesses to recognize the product and distinguishes it from competing offerings in the markets where it is made available.