Acquirers Card Association Payment Gateways 
Clearly Payments
FEBRUARY 14, 2024
In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance.
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.
Exact Payments
OCTOBER 30, 2023
Payment processors are necessary for facilitating transactions both online and in person. Acquiring banks Acquiring banks, also known as acquirers, are banks that process payments on behalf of merchants. Payment gateways Payment gateways are software applications that support the online transaction process.
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.
Stax
SEPTEMBER 17, 2024
Revocation of Credit Card Processing Privileges If a business consistently fails to comply with PCI standards, the processor or acquiring bank may choose to terminate their merchant account. For many businesses, especially those operating eCommerce, the ability to accept credit card payments is crucial to their operations.
Expert insights. Personalized for you.
79 
Let's personalize your content