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The issuing bank This is the cardholders bank or the financial institution that issued their credit or debit card. Credit cardassociations This is the card network or card brand that powers the credit card for the cardholder. Q: What are the key parties involved in processing a credit card transaction?
Here are the inside details about what defines a payment solutions provider, how processing works, the credit cardprocessing fees , risks, and more. TL;DR There are several parties involved in credit cardprocessing. You also have to be mindful of the costs of credit cardprocessing.
PCI DSS stands for “PaymentCard Industry Data Security Standards.” These standards are set by cardassociations like Visa, Mastercard, and American Express to ensure sensitive payment data is securely processed, transmitted, and stored.
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