Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box

Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box

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Each year, hundreds of millions of credit a debt cardholders make billions of transactions worth trillions of dollars. Yet few are aware that such transactions travel through, a are made possible by, a group of intermediaries that accept cards, handle card transactions, manage the dispute-resolution process, a set rules that govern card transactions. This article demystifies the AiBlack BoxAi of the transactions process for payment cards. Describes a simple transaction with a private-label card. Emphasizes the key roles of merchant acquirers a card processors. Delineates the risk factors associated with specific industries, merchant types, a transactions that influence the price merchants pay for acquirersAi services. Discusses ways that merchant acquirers manage risk.Banerjee (2004) notes that credit cards were originally designed to be physically present at the point of sale. ... The most popular approach has been for merchants to have access to increasingly arcane bits of information during authorization.


Title:Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box
Author: Ramon P. DeGennaro
Publisher:DIANE Publishing - 2008-06
ISBN-13:

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