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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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How are Interchange Fees Calculated?

Stax

Keep card networks up and running Large, global infrastructures are required to process massive volumes of transactions safely and efficiently. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). have higher fees compared to basic payment cards.

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What is NFC Mobile Payment and How to Use It?

Payment Savvy

EMV-chipped credit/debit cards: Nowadays, the majority of credit cards have EMV chips supporting NFC technology. Designed for Android mobiles, the NFC payment app Google Pay also ensures you make transactions in a safe environment with end-to-end encryption across devices. Leading NFC Mobile Applications.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.