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More and more present-day companies need to process electronic payments. Some of them already managed to make a transition from cash-based operations to online transaction processing. Following their example, new market players are trying to find the best solutions that would allow them to process electroinc payments for their core products. What it takes to […]

Date posted: February 3, 2020 | Author: | Comments Off on The Role of an Acquiring Bank in Transaction Processing

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People often tend to confuse the concepts of acquirer, payment processor, and payment gateway. A merchant acquirer or an acquiring bank is a bank that underwrites (and later funds) a merchant and (what is important) assumes the liability and risk, associated with credit card fraud and chargebacks. A payment processor handles the technical aspects of […]

Date posted: May 10, 2018 | Author: | Comments Off on Acquirer, Processor, Gateway: Who is who?

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