What is Payment Processing? Payment processing is the series of actions and interactions that occur when a customer makes a purchase using a credit or debit card. This complex system ensures that funds are securely transferred from the customer’s bank account to the merchant’s account. The process involves multiple entities that work together to authenticate, authorize, and finalize transactions, making it a crucial component of modern commerce. How Does a Payment Processor...

Card processing is an integral part of the modern economy and provides businesses with the ability to accept credit and debit card payments. For high risk businesses, such transactions become especially important as they have to face specific challenges and threats related to their industry or business model. Card processing allows consumers to pay for goods and services conveniently and securely, and companies to increase their customer base and sales. The purpose of this article is to review...