What is the difference between a private label credit card and a general purpose card?
Private label cards often exhibit different traits than general purpose cards in that private label cards normally have lower credit limits, higher interest rates, higher credit risk profiles, and limited use (for example, limited to a particular merchant). There is risk of the retail partner failing.
What is Visa private label?
Visa Private Label Service Private Label cards can help boost sales and promote customer loyalty by offering your clientele fast and convenient payment options including credit, prepaid, reloadable or single load, as well as gift cards, coupons and vouchers.
What is PURE gemalto?
PURE is an off-the-shelf payment application from Gemalto that is fully compliant with the EMV™ standard. It is designed for domestic schemes and private payment card associations looking for chip-based security and fast time to market.
What is white label payment gateway?
What is a white label payment gateway? A white label payment gateway is a payment gateway mechanism that allows a business owner or a brand to easily process payments through their official name using third-party services. In simple terms, a company adds its logo to the customized payment solution.
What is an example of a private label credit card?
A private label credit card is a type of branded credit card that can only be used with a specific retailer or brand. Citi, Synchrony, and Comenity Bank are examples of private label credit card issuers. Stores offer private label credit cards to boost sales and maintain customer loyalty.
What is private card?
A private label credit card is a store-branded credit card that is intended for use at a specific store. Private label credit cards do not carry a credit card network logo such as Visa or Mastercard and generally are not accepted by other merchants.
What is a white label card?
A white label credit card, often called a private label credit card, is a credit card that is offered through your store. It’s usually branded with your company’s logo and design. While there are a lot of different options out there, these usually are backed by a finance company, who handle most of the processing.
What is white label card issuing?
Private label credit cards (sometimes referred to as “white label credit cards”) are store-brand cards that are intended to be used exclusively at a specific retailer.
What is PLCC card?
A PLCC (private label credit card) is a type of credit card managed by a bank or commercial finance company that is issued by or for a special retailer. In simple terms, it’s a store-branded credit card that usually gives the customer some type of benefit.
What is dual card?
What is a dual credit card? A dual credit card offers you the benefits of two types of cards, which could help you save money on both purchases and balance transfers. At the same time, you may want to take advantage of better interest rates, by moving debts from your existing credit card(s) to a new one.