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.A Reprint from the aquot;Economic Reviewaquot; Ramon P. DeGennaro. Table The ... The card issuer provides the cards to the consumer and, in the case of credit cards, extends credit to the consumer. (See the ... Global Payments 6. Fifth Third Bank 7. Nova Information Systems 7. Global Payments 8. Wells Fargo 8. Wells Fargo 9.
|Title||:||Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box|
|Author||:||Ramon P. DeGennaro|
|Publisher||:||DIANE Publishing - 2008-06|