Q. Who are the members of a credit card processing system?
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HighRisk Gateways


Who are the members of a credit card processing system?

Members of a credit Card Processing System are:

  1. Cardholder. The customer makes the purchase.
  2. Merchant. A business owner who sells products or services.
  3. Credit Card Networks. It refers to credit card brands like Visa, Mastercard, etc.
  4. The Acquiring Bank. The merchant will receive the funds in this account after settlement.
  5. The Issuing Bank. The customer’s bank account is known as an issuing bank.
  6. Payment Gateway. HighRisk Gateway’s credit card payment gateway verifies the customer card details

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Mar, 2022

Banking
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Banking

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