September 23, 2016 / by David Lampe /
What are Acquiring and Issuing Banks? How Do They Impact Payment Processing? All eCommerce transactions involve two different banks—one representing the cardholder, known as the issuing bank, and one representing the merchant, called the acquiring bank. What roles and responsibilities to these two entities play over the course of a transaction? Processing Payments: From Cardholder […]
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Acquirer vs. Issuer: Understanding Payment Processing Basics
September 23, 2016 / by David Lampe /
What are Acquiring and Issuing Banks? How Do They Impact Payment Processing? All eCommerce transactions involve two different banks—one representing the cardholder, known as the issuing bank, and one representing the merchant, called the acquiring bank. What roles and responsibilities to these two entities play over the course of a transaction? Processing Payments: From Cardholder […]
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MasterCard Time Limits for Interchange Procedures
May 10, 2016 / by David Lampe /
Applicable MasterCard Time Limits for Cardholders, Issuers, Acquirers and Merchants A structured time table for all aspects of payment processing helps regulate applicable entities. MasterCard has devised time limits for each stage of the payment processing cycle. It is essential for merchants to adhere to MasterCard time limits and understand the restrictions that apply to […]
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