Clearly Payments

MARCH 14, 2025

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.,

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Stax

NOVEMBER 21, 2024

We have broken down the process into three key steps below: Payment initiation This first step is triggered when your customer pays for your goods or services using a credit card. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

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Credit Cards Small Business Process Credit Card Payment Processing 88

EBizCharge

MARCH 31, 2025

They act as holding accounts where funds from customer transactions are temporarily deposited before being transferred to the businesss primary bank account. Payment gateways: Payment gateways facilitate communication between merchants banks, card-issuing banks, and credit card networks to complete card transactions.

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Service Provider MSPS Payment Gateways Online and Mobile Banking 52

EBizCharge

AUGUST 12, 2024

When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem. Card issuers are banks or financial institutions that issue credit cards to consumers.

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Credit Cards Acquirers Process Debit Card 52

Stax

MARCH 15, 2025

These include: Bank sponsorship Companies that offer payment processor services must be backed by a sponsor bank. These institutions are members of an approved bank card system and they can serve as sponsors of financial services providerse.g., credit card processing, lending, etc.

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Enrollments Payment APIs and Integration Payments Online and Mobile Banking 88

Payment Savvy

JULY 3, 2024

The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. Online, they enter their debit card information (card number, expiration date, CVV code) directly on the merchant’s website or app.

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Debit Card Process PCI DSS Processors 52