Longevity and Merchant: Difference between pages

Revision as of 09:06, 22 July 2019

Payment systems - credit and debit cards.

In the context of credit and debit cards, a merchant is a business that sells goods and services via cards, whether online or physically presented.

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-''Pensions''.
+''Payment systems - credit and debit cards.''
-A measure of the life expectancy of current and future pensioners and other beneficiaries of a pension scheme.
+In the context of credit and debit cards, a merchant is a business that sells goods and services via cards, whether online or physically presented.
-From the perspective of the pensions provider, there is therefore a related 'longevity risk'.
-Longevity risk refers to the increased cost of providing pensions, resulting from improvements in health and increases in average life expectancy.
+== See also ==
+* [[Acquirer]]
-A closely related term in pensions valuation and management is 'mortality'.
+* [[Card scheme]]
+* [[Credit card]]
-Mortality refers to the relative proportions of groups of pension scheme members who are expected to die in a given period.
+* [[Debit card]]
+* [[European Association of Payment Service Providers for Merchants]]
-So as mortality rates decrease, average life expectancy increases accordingly.
+* [[Payment service provider]]
+* [[Payments and payment systems]]
+* [[PSD2]]
+* [[Recourse]]
+* [[Strong Customer Authentication]]
+[[Category:The_business_context]]
-== See also ==
+[[Category:Cash_management]]
-* [[Mortality]]
+[[Category:Financial_products_and_markets]]
-* [[Pension liabilities]]