There are several types of payment networks, each serving different purposes:
Credit Card Networks: These include networks like Visa, Mastercard, and American Express, which facilitate credit card transactions. Debit Card Networks: Networks such as Maestro and Interlink, which process debit card payments directly from bank accounts. ATM Networks: Networks like Cirrus and Plus, which allow cash withdrawals from ATMs. ACH Networks: The Automated Clearing House (ACH) network processes electronic checks and direct deposits.