What happens behind the scenes during a credit card transaction?
You need a secure way to handle credit and debit card transactions across all your sales channels, from the storefront to the street to the web. Fortunately, you have options.
A payment processor handles non-cash transactions like debit card, credit card, gift card or even paper check payments.
A cardholder swipes a card’s magnetic stripe, inserts its chip into a terminal, or uses its chip to exchange data with a card reader. The merchant submits the transaction to a payment processor.
The payment processor sends the information to a payment network to verify the card details with the issuing bank and relays the information it receives to the merchant.
The merchant batches and submits the transactions to the payment processor for settlement. The issuing bank bills the cardholder and pays the payment processor, and the payment processor pays the merchant.
Accepting PIN debit payments, which requires a customer enter their PIN (personal identification number) for identity verification instead of signing a receipt, reduces the risk of misuse of stolen cards.
Signature debit mirrors the payments process for credit card transactions, allowing customers to pay with a card that directly accesses funds in their preferred accounts.
Eliminate the need to store account numbers in your data environment and reduce the chances of a data breach.
From the moment a card is swiped, card data is encrypted, transmitted for processing and replaced with a token — rather than the card number — for the merchant to store. If stolen, tokens cannot be monetized by criminals unless they have access to the encryption key.
Tokenization gives merchants confidence that customers' payment information remains protected.
EMV is a collaboration between EuroPay, Mastercard® and Visa® and was implemented in Europe in the 1990s. The chip on EMV cards is a microprocessor that provides a unique code for each transaction, helping prevent card data from fraudulent reuse. Although more secure than a magnetic card stripe, EMV chips do not protect cardholder data once the payment method is validated or while the payment is processed.
Help guard against fraud in online transactions by adding opportunities for the customer to confirm their cardholder information prior to the payment authorization at check out.
Customers can use credit cards, debit cards, smart phones and other mobile devices equipped with radio-frequency identification (RFID), near field communication (NFC) or Magnetic Secure Transmission (MST) to make secure payments with just a tap against a card reader.
Customers are increasingly interested in making payments with the mobile devices they use every day. Digital wallets give shoppers the freedom to pay with card information stored on their phone instead of presenting a physical credit or debit card.
We complete payments of virtually any size, at any time, on any device, for every business category we serve.
Through our consultative sales approach, we help solve merchants’ challenges based on business needs.
We provide easy-to-access emerging technologies and systems that help merchants improve the consumer payment experience.