Acquirers Card Association Point-of-Sale (POS) 
Stax
MAY 6, 2025
The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. The customer Put simply, this refers to the cardholder who uses their debit or credit card to pay for the products or services. Think: Visa, Mastercard, American Express, and Discover.
Clearly Payments
FEBRUARY 14, 2024
From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. The global acquiring market is expected to reach $3.7 The global POS systems market is projected to reach $152.39
Evolve Payment
MARCH 21, 2024
More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor.
PayHawk
APRIL 18, 2023
A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Cardholder The person who owns the payment card being used to make a purchase.
Stax
SEPTEMBER 17, 2024
Revocation of Credit Card Processing Privileges If a business consistently fails to comply with PCI standards, the processor or acquiring bank may choose to terminate their merchant account. For many businesses, especially those operating eCommerce, the ability to accept credit card payments is crucial to their operations.
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