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I am a mentor for the Women in Payments Network who bring women together in Cards & Payments through networking events and workshops.
"Our payments network is governed by standards that have been established over time," the statement said.
One example is M-Pesa, a mobile-phone based payments network serving millions of 'unbanked' in Kenya.
Bolero.net is a joint venture of SWIFT, a global payments network, and The Through Transport Club, a shipping insurer.
In this way the service providers will not have to rely on the banks with which they are competing to gain access to the payments network.
The company charges a fee for each transaction that takes place on the service using a payments network it has built into its system.
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Star operates the Star Network, the largest electronic-payments network.
Faced with the problem of distributing aid in a region with an honour code that frowns on cash handouts, the government turned in June to a local bank and Visa, a card-payments network.
Second, it owns a payment network linking banks, retailers and consumers.
The card companies agreed to let merchants steer customers to the payment network the merchant preferred.
An Internet retailer, for instance, cannot function without some kind of electronic-payment network.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com