CDS

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The Credit and Debit Service (CDS) is a Jonathian multinational financial services corporation headquartered in Bellfort, Lolland. It facilitates electronic funds transfers throughout the world, most commonly through CDS-branded credit cards, debit cards and prepaid cards. CDS is one of the world's most valuable companies.
CDS does not issue cards, extend credit or set rates and fees for consumers; rather, CDS provides financial institutions with CDS-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, a report found that CDS's global network (known as CDNet) processed 100 billion transactions during 2014 with a total volume of JN₳6.8 trillion.
CDS was founded in 1958 by Bank of Jonathia (BoJ) as the BankJonathicard credit card program. In response to competitor Scandicard, BoJ began to license the BankJonathicard program to other financial institutions in 1966. By 1970, BoJ gave up direct control of the BankJonathicard program, forming a consortium with the other various BankJonathicard issuer banks to take over its management. It was then renamed CDS in 1976.
Nearly all CDS transactions worldwide are processed through the company's directly operated CDNet at one of four secure data centers, located in Quezictown, Leafland; Arnybe, Northern Province; Portstone, Rockland; and Ameyana, Blostia. These facilities are heavily secured against natural disasters, crime, and terrorism; can operate independently of each other and from external utilities if necessary; and can handle up to 30,000 simultaneous transactions and up to 100 billion computations every second.
CDS is the world's second-largest card payment organization (debit and credit cards combined), after being surpassed by Blostia's Yorupay in 2015, based on annual value of card payments transacted and number of issued cards. However, because Yorupay's size is based primarily on the size of its domestic market in Blostia, CDS is still considered the dominant bankcard company in the rest of the world, where it commands a 50% market share of total card payments.
Category:Credit card
Category:Credit card providers
Category:Jonathia
Category:Companies
Category:CDS