For many university students who are not receiving a lot of financial support from their parents or in the form of scholarships, a credit card can be a vital asset to covering unexpected expenses or gaps in available cash between pay cheques. Upon arriving at university, however, students find out just how difficult it can be to obtain a credit card with no previous credit history. Even if they are granted a card, they can be surprised to learn that it does not come equipped with the thousand-dollar balances and low interest rates their parents and family members enjoy. (more…)

As well as operating many of Australia’s credit cards, VISA, or the VISA International Service Association, is the largest global credit card processor.

Payment processors make credit card transactions possible.  They transfer money between consumers and merchants who use different banks.  The only alternative for vendors would be maintaining accounts with almost every bank.
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