Tag: payment gateway
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Payment Gateway
This is the third text in the series explaining how payment cards and wallets interact. The purpose of this text is to provide some details about operations of payment gateways in the process. We will use the single term “payment gateway” for acquiring payment processors, payment service providers (PSP) and acquiring clearing hosts (ACH) – […]
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Card Acceptor or Transaction Source (or Point of Interaction)
This is the second text in the series explaining how payment cards and wallets interact. The purpose of this text is to shed more light on a merchant’s role in card processing, maybe even to give some pointers to those who are planning to start accepting cards online or otherwise. Card acceptor is a company […]
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How payment cards work
This is the first text in the series explaining how payment cards and wallets interact. The purpose of this text is to define terminology and to explain basics about card processing.