Research Journal of Economics

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Correa DL Author

Subjects of specialization
EMV,Financing,Credit cards,Interest rate

Affiliation
Administraci

Biography

Correa DL Administración de Empresas, Universidad Autónoma de Manizales, Caldas, Colombia. His publications include: 1.Financiera SI (2017) Actualidad del sistema Financiero en Colombia, Colombia. 2.Com FP (2016) Recuperado el 9 de Agosto de 2017, de Finanzas Personales com, Colombia.


Publications

Research Article Open Access

Behavior of Credit Cards in Colombia

Author(s):

Correa DL, Chavarro LNF and Diaz JT

Since the implementation in 1971 of credit cards in Colombia, the economy has had to adapt to the changes brought about by the emergence of new information technologies; This is how the means of payment have also evolved to offer advantages to users in the face of the flow of information that this globalization shows. The purpose of this document is to give a brief historical overview and relevant moments of the Credit Cards in Colombia and some countries in the region, to analyze some important aspects such as interest rates, technological and security methods such as the EMV (it is the acronym for “Europe and MasterCard Visa”, the three card associations that initially collaborated in the development of this standard: The EMV standard defines t... view more»

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