Cards

Learn how cards payments systems work: card schemes in the world, the main players, the offerings, innovation and much more.

Credit Card and POS Credit Card Terminal

Top Trends Shaping the Future of Credit Cards

From its inception, credit cards have drastically made transactions smoother between consumers and businesses. Today, credit cards have become a necessity for almost all Americans ⁠— as many issuers include a myriad of benefits and rewards programs. Credit cards are also becoming more advanced than ever, which means businesses and consumers need to stay updated …

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Card Processing Fees Distribution

Payment card processing fees and their distribution

Payment card processing involves many steps and processes carried out by the parties involved. Merchants pay fees to accept payment cards and for the services provided to them by acquiring banks and processors. Acquirers and issuers must set up and maintain systems for the card processing and messages exchange through the card networks. Building and maintaining …

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Image of Payment Gateway Location

Payment Gateways: what they are and why they are needed

Let’s start with a picture with a payment gateway since “a picture is worth a thousand words”. A Payment Gateway can be seen as the online equivalent of a physical POS terminal in a shop or restaurant. Like the POS terminal which captures card information, encrypts and sends it securely to the acquirer, the Payment …

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Image for card transaction authorization

4-Party scheme in Card: Flow Exchanges for a Card Payment

What happens during a card transaction, from time the transaction is initiated until funds are debited from cardholder’s account and credited to merchant’s account? How is the information exchanged between the different participants for the successful completion of a card transaction? This article will provide answers to these questions and other relevant information to help …

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