![]() ![]() Merchant (or acquiring) bank: The financial institution that has an agreement with a merchant to accept (acquire) deposits generated by card transactions.Ĭredit card network: The entity that facilitates transactions between merchants and credit card issuers. Merchant: A commercial entity or person authorized to accept cards and receive payments from its customers pursuant to agreement with the card brands. There are several parties involved in the payment processing transaction:Ĭardholder: The person or entity that receives an account from a card company or issuer, and is in possession of a credit card. Read on for a quick overview of who's involved and what happens during payment transaction processing. Have you ever wondered what happens when a customer swipes or dips their credit card to pay for a purchase? The entire payment transaction process occurs seamlessly in just a few seconds, but a lot is happening behind the scenes. ![]() Modernize treasury and optimize the balance sheetĬonsolidate and automate for maximum efficiencyĮngage your customers across every channel Increase revenue through smarter centralization, authorization and validation Simplify domestic and international payoutsĪccelerate real-time and other account-to-account payments Power payments on your marketplace or platform Modernize, launch and scale banking innovation Modernize customer deposits and increase satisfactionĭrive operational efficiency and customer satisfaction Optimize the onboarding experience across digital channels Modernize asset finance for the digital age Grow Commercial Banking and Asset Financeĭeliver an exceptional customer experience.Build deeper relationships across digital and physical channels ![]()
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