Who are the major parties involved in card transaction ?

What is a synonym for "payment recipient"?

Who is responsible for transport of payment transactions from the Merchants terminal to the acquirer?

Who handles transaction collection and exchange between acquirer, issuer and issues like authorization switches, clearing and settlements?

Who own the right to a card concept and enters into membership agreements with card issuer and acquirer?

Who can act as a issuer or acquirer?

What is a process in which card issuer approves/reject a card payment based on the rules for use of the card ?

What is a process of exchange of documentation or data between acquirer and issuer?

What is a process of financial settlement of purchases between acquirer and issuer?

What is a process of forming an agreement with Payee to accept and settle the cards?