Usually means: Instrument for executing electronic payments.
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We found 7 dictionaries that define the word payment card:

General (5 matching dictionaries)
  1. payment card: Collins English Dictionary
  2. payment-card: Wordnik
  3. payment card: Wiktionary
  4. Payment card: Wikipedia, the Free Encyclopedia
  5. payment card: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. payment card: Finance-Glossary.com
  2. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (payment card)

noun:  (banking) A card, such as a credit card or debit card, which can be used for payment of goods or services.

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