Acquirers Card Association Encryption 
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.
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.
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Stax
SEPTEMBER 17, 2024
Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.
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.” Payment processors take the encrypted payment information from the gateway and exchange it with the card networks and banks.
PayHawk
APRIL 18, 2023
A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Cardholder The person who owns the payment card being used to make a purchase.
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