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The Four Corners model, often referred to as the Four Party Scheme is the most used card scheme in card payment systems worldwide. This model was introduced in the 1990s. It is a user-friendly card payment system based on an interbank clearing system and economic model established on multilateral interchange fees (MIF) paid between banks or other payment institutions.
Card schemes are payment networks linked to payment cards, such as debit or credit cards, of which a bank or any other eligible financial institution can become a member. By becoming a member of gets the possibility to issue cards or acquire merchants operating on the network of that card scheme.
Pages in category "Payment systems" ... Four Corners Model for Payment Security; G. Gift card; Giro (banking) GNU Taler; Google Checkout; Google Pay (payment method)
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I added the first version, trying to bring Cardholder, Issuer, Acquirer and Merchant of this important payment scheme into the context of a generally accepted model. I appreciate edits and improvements. ScienceGuard 17:18, 17 May 2021 (UTC)
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Porter's four corners model is a predictive tool designed by Michael Porter that helps in determining a competitor's course of action. Unlike other predictive models which predominantly rely on a firm's current strategy and capabilities to determine future strategy, Porter's model additionally calls for an understanding of what motivates the competitor.