Which term refers to the person who holds the payment card and initiates a purchase?

Which term refers to the person who holds the payment card and initiates a purchase?

• A. Issuer
• B. Acquirer
• C. Cardholder
• D. Merchant

Answer: (C)

In card payments, the person who holds the payment card and initiates a purchase is called the cardholder. This term specifically identifies the individual consumer who uses the card to pay. The issuer is the bank or financial institution that issued the card and authorizes or declines transactions; the acquirer is the merchant’s bank or payment processor that receives the payment request on behalf of the merchant; the merchant is the business selling goods or services and accepting the card as payment. So the cardholder is the correct term because it uniquely refers to the person using the card to start the transaction.

In card payments, the person who holds the payment card and initiates a purchase is called the cardholder. This term specifically identifies the individual consumer who uses the card to pay. The issuer is the bank or financial institution that issued the card and authorizes or declines transactions; the acquirer is the merchant’s bank or payment processor that receives the payment request on behalf of the merchant; the merchant is the business selling goods or services and accepting the card as payment. So the cardholder is the correct term because it uniquely refers to the person using the card to start the transaction.