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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

Credit card networks Also known as credit card associations, credit card networks manage the technological infrastructure and regulations of credit card processing. The four main credit card networks are Visa, Mastercard, American Express, and Discover. This bank is known as the sponsoring bank.

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Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

Merchant processing is how your business handles card transactions. 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.”

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