How a Payment Processor Works Payment processing is a system that enables transactions between buyers and sellers in electronic payments. Payment processors play a key role in this process, ensuring the security and speed of operations. They accept payment data, verify it, process it, and transfer money from the buyer to the seller. The work of a payment processor involves several stages. First, when a customer enters their card details on the seller’s website, the 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...