American Express buys restaurant reservation service Resy

American Express is buying the online reservation startup Resy, the companies announced Wednesday, the latest move by AmEx to establish and maintain a foothold for its card members in some of the world's most desired restaurants.

Video: Soon, kidneys-on-a-chip will rocket to space station

UW scientists are prepping a kidney-on-a-chip experiment at Cape Canaveral, Florida, awaiting a shuttle launch that will take the chips into space. At an altitude of 250 miles, astronauts will help study how reduced gravity in ...

Scientific computing in the cloud gets down to Earth

In a groundbreaking effort, seismology researchers have conducted a continent-scale survey for seismic signatures of industrial activity in the Amazon Web Services commercial cloud (AWS), then rapidly downloaded the results ...

When cash is your enemy

Researchers have known for years that parting from cash can be a psychologically painful experience for many people—much more so than spending money with a credit or debit card. The emotional discomfort is significant enough ...

Uber acquires Mideast competitor Careem for $3.1 billion

Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech-savvy population.

page 1 from 23

Credit card

A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.

This text uses material from Wikipedia, licensed under CC BY-SA