Which type of card is referred to as a 'Card' in transaction terms?

In transaction terms, the term 'Card' broadly refers to any valid plastic card utilized for payment. This encompasses a wide range of card types, including credit cards, debit cards, prepaid gift cards, and even store cards. The definition reflects the versatility of card payments in various financial transactions, enabling consumers to make purchases, withdraw cash, and transfer funds in a secure manner.

This broader perspective is essential because the payment ecosystem has evolved to include diverse card types that serve different consumer needs. Thus, encompassing all valid plastic cards as 'Cards' recognizes their function and the role they play in commerce, rather than limiting it to specific categories like credit cards or debit cards. This understanding helps in accurately discussing payment methods within the financial services sector.