How are credit cards transactions processed? Learn more here:
Issuer is the bank or credit card company that issues a credit card to a customer. Often, the customer’s bank will be acting as issuing bank. Customers are mostly in contact with issuers when applying for credit cards or using them. Cards are marked with the logo of the issuer, for example Visa or Mastercard.
Interactions between issuer, acquirer and service provider are at the center of the credit card payment process. Their cooperation allows consumer to pay with the credit card and offer a secure and convenient payment process.
National and international regulations ensure the compatibility of procedures and systems. The Payment Card Industry Security Standards Council (PCI SSC), founded by card organisations, is responsible for the adoption of those regulations, notably the Payment Card Industry Data Security Standards (PCI DSS).
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