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Credit card company is generic term. In our case we are a PAT (we provide employees benefits). We never "touch" the money, your employer is, indirectly, who pays the merchants. We cannot provide loans (credit). For that, we need a lot of cash (FDIC insurances, etc)


So what you're providing is similar to meal tickets or coupons?


Yes.


FDIC? In Brazil?


It's called FGC here (credit guarantee fund), he was just using familiar terms.




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