Concepts

A category of articles familiarizing merchants with key payment processing concepts.

Merchant of Record and Payment Facilitator

In this article we are going to explain the merchant of record concept and the differences between merchants of record [...]

Acquirer, Processor, Gateway: who is who?

Recently we have been receiving questions like: “Who runs the risk of underwriting: the gateway, the payment processo [...]

Why You Need Acquiring Bank Partnerships

What is an acquiring bank? Companies that want to have their own payment gateways (become payment gateway providers) of [...]

Demystifying Bank Transfers

Many people, trying to create payment systems at different levels, often face the question of how to transfer funds fro [...]

Credit Card BIN Files

Most modern-time credit card fraud protection tools are based on geo-location principles, IP-address filtering, and car [...]

Chargeback Handling Lifecycle

In this article we are going to address the concept of credit card chargebacks, focusing on chargeback’s lifecycle. I [...]

Payment Card Transaction Decline Codes

The purpose of this article is to explain the most common reasons of payment card transaction declines. Due to some cha [...]

Offline Processing: Store-and-forward

The purpose of this article is to describe the store-and-forward mechanism implemented in payment gateway software in t [...]

PINless Debit Card Networks

The purpose of this article is to familiarize the key merchant services industry players with the advantages of integra [...]

Accepting Credit Card Payments in Different Currencies

The purpose of this article is to familiarize merchants and other merchant services industry players with the key issue [...]

Merchant Services Commissions Sharing

The purpose of this article is to familiarize the key players of merchant services industry with the important approach [...]

Payment Concepts: Declined Card Transaction Recycling

The purpose of the current article is to familiarize merchants with the concept of declined credit card transaction rec [...]




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