Merchant Acquirers And Payment Card Processors: A Look Inside The Black Box : A Reprint From The "Economic Review"
Author: Ramon P. DeGennaro
Publisher: DIANE Publishing
Number of Pages: 16
Book Description: Each year, hundreds of millions of credit & debt cardholders make billions of transactions worth trillions of dollars. Yet few are aware that such transactions travel through, & are made possible by, a group of intermediaries that accept cards, handle card transactions, manage the dispute-resolution process, & set rules that govern card transactions. This article demystifies the żBlack Boxż of the transactions process for payment cards. Describes a simple transaction with a private-label card. Emphasizes the key roles of merchant acquirers & card processors. Delineates the risk factors associated with specific industries, merchant types, & transactions that influence the price merchants pay for acquirersż services. Discusses ways that merchant acquirers manage risk.
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