All Top Banking

How Cards Are Processed

Posted by John B. Frank Thursday, January 15, 2009

CreditCards.com has provided an interactive guide to show how merchants and banks process cards purchases.  For the interactive guide click here, (or the graphic on the left)
For a printable  version, click the PDF link at the bottom of this post.
How credit card transactions work
Interactive guide shows how merchants, banks process card purchases

By Tyler Metzger - CreditCards.com

More than 23 billion credit cards transactions were processed in the United States in 2007, and they are projected to grow by 26 percent over the next five years, according to the Nilson Report. But have you ever wondered what exactly happens after your card is swiped?

Use this guide to to find out how your credit card transactions are processed.  PDF

0 comments

Post a Comment

Powered by Blogger.

Blog Archive

Search This Blog

Our Manufacturing Facility

Learn More About Us

Find out how our patented technology can empower your financial institution.

Our secure two-factor online banking authentication eliminates dangerous passwords and usernames and replicates the same trusted process used to access cash at ATM's. (Insert Bank Issued Card, Enter Bank Issued PIN)

There is an R.O.I. as FI's also earn recurring revenue from each transaction conducted using our PCI 2.0 Certified PIN Entry Device. Our technology also provides a unique real-time P2P "Instant-Transfer" which allows your online banking customer to transfer cash from ANY of their bankcards to ANY other bankcard...with the Swipe of a card.

Help your bank eliminate phishing and your customers avoid identity theft by providing them with the ability to stop typing and start swiping. There is no safer way to conduct financial transactions online than by 3DES DUKPT encrypting the cardholder details, which we do at the mag-head "inside the box/outside the browser."

Total Pageviews

SLIM for PC or SmartPhone

SLIM for PC or SmartPhone
Click to Inquire

Chip and PIN eCommerce and Mobile

Chip and PIN eCommerce and Mobile
Click to Inquire

Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers

Translate This Blog

BobCaps

Search ePayment News (example: NFC)

About Me

My photo
Named one of the best Payment Industry News Blogs 4 Years Running

Feedjit

My Zimbio