Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box PDF full book. Access full book title Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box by Ramon P. DeGennaro. Download full books in PDF and EPUB format.
Author: Ramon P. DeGennaro
Publisher: DIANE Publishing
ISBN: 1437900445
Category : Business & Economics
Languages : en
Pages : 16
Get Book Here
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 ¿Black Box¿ 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 acquirers¿ services. Discusses ways that merchant acquirers manage risk.
Author: Ramon P. DeGennaro
Publisher: DIANE Publishing
ISBN: 1437900445
Category : Business & Economics
Languages : en
Pages : 16
Get Book Here
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 ¿Black Box¿ 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 acquirers¿ services. Discusses ways that merchant acquirers manage risk.
Author: Ramon P. DeGennaro
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
Get Book Here
Book Description
Each year, hundreds of millions of credit and debit cardholders make billions of transactions worth trillions of dollars. Yet few consumers are aware that such transactions travel through, and are made possible by, a highly evolved group of intermediaries. Those intermediaries sign up merchants to accept cards, handle card transactions, manage the dispute-resolution process, and, with regulatory agencies, set rules that govern card transactions.I examine the transaction process for debit cards with an eye toward demystifying this quot;Black Box.quot; I explain the two major parts of the transactions process - one, authorization, and two, clearing and settlement. I consider the complications introduced by general-purpose cards, such as Visa and MasterCard, emphasizing the key roles of merchant acquirers and card processors. I also discuss the risk of fraud in the transaction process. While the risk is low for face-to-face transactions, it is far higher for business done by mail, telephone, or over the Internet. Merchant acquirers, who sign up merchants to accept cards and who provide or arrange for processing, bear most of the risk of loss if merchants fail to make good on transactions disputed by customers. To guard against such losses, acquirers evaluate the credit quality of merchants seeking or using the acquirers' services. I identify some of the risk factors associated with specific industries, merchant types, and transactions that influence the price merchants pay for acquirers' services. Finally, I discuss some ways that merchant acquirers and merchants manage risk, especially the risk of fraud.
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 386
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 870
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Bank management
Languages : en
Pages : 904
Get Book Here
Book Description
Author: David L. Stearns
Publisher: Springer Science & Business Media
ISBN: 1849961395
Category : Computers
Languages : en
Pages : 261
Get Book Here
Book Description
Electronic Value Exchange examines in detail the transformation of the VISA electronic payment system from a collection of non-integrated, localized, paper-based bank credit card programs into the cooperative, global, electronic value exchange network it is today. Topics and features: provides a history of the VISA system from the mid-1960s to the early 1980s; presents a historical narrative based on research gathered from personal documents and interviews with key actors; investigates, for the first time, both the technological and social infrastructures necessary for the VISA system to operate; supplies a detailed case study, highlighting the mutual shaping of technology and social relations, and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications; examines how “gateways” in transactional networks can reinforce or undermine established social boundaries, and reviews the establishment of trust in new payment devices.
Author: Tom Kokkola
Publisher:
ISBN: 9789289906333
Category : Banks and banking, Central
Languages : en
Pages : 369
Get Book Here
Book Description
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
Author: Henri Arslanian
Publisher: Springer
ISBN: 3030145336
Category : Business & Economics
Languages : en
Pages : 318
Get Book Here
Book Description
This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.
Author:
Publisher:
ISBN:
Category : Advertising
Languages : en
Pages : 1242
Get Book Here
Book Description
Author: Mr. Dmitry Gershenson
Publisher: International Monetary Fund
ISBN: 1513592238
Category : Business & Economics
Languages : en
Pages : 77
Get Book Here
Book Description
Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.
