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

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

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.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52