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The Anatomy of a Credit Card Transaction

Clearly Payments

Merchant Sells goods/services and accepts credit card payments. Acquiring Bank The acquiring bank processes the transaction on behalf of the merchant. Payment Processor Facilitates communication between acquiring and issuing banks. Card Network Card networks route transactions between banks (e.g.,

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

This response is sent back through the card network to the acquiring bank, which then communicates the result to the merchant. Clearing and Settlement At the end of a business day or a predetermined period, the merchant batches all approved transactions and submits them to the acquiring bank for settlement.