Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

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. Acquiring Banks: Acquiring banks act as the conduit for funds to reach merchants, these banks provide the infrastructure for card payments.

Payments 104

Payments Value Added Service ISOs BNPL 104

PYMNTS

MAY 24, 2019

The merchant acquiring, processing and services industry has seen its share of headlines so far this year, with big players coming together in waves of deal-making to get bigger, and provide a greater range of processing and payment services. These constants should remind and guide acquirers, and shed light on what their clients really want.

Process 64

Process Gateways Settlement Acquirers 64

Payment Savvy

FEBRUARY 6, 2023

These organizations operate by partnering with other entities, like acquiring banks and financial platforms, that provide the necessary infrastructure for payment processing to take place. For this reason, ISOs are considered reliable and effective support in managing merchant accounts and facilitating payments through various services.

ISOs 52

ISOs PCI DSS Processors Card Association 52

Segpay

NOVEMBER 28, 2023

3 minute read Sharing information between card associations and service providers like payment facilitators and independent payment operators is important. The information typically flows from the card brands to the acquirers and then to service providers like Segpay. Having a direct point of contact is key!

Visa 52

Visa Facilitators Service Provider Money Laundering 52

Exact Payments

OCTOBER 30, 2023

Acquiring banks Acquiring banks, also known as acquirers, are banks that process payments on behalf of merchants. Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. This bank is known as the sponsoring bank.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

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.” The issuing bank gets its name because it issued the credit card to your customer.

Process 52

Process Gateways Processors Credit Cards 52