Who are the major parties involved in card transaction ?

Cardholder, merchant, issuer, acquirer processor India

Cardholder, merchant, issuer processor, acquirer

Cardholder, merchant, issuer & acquirer

Cardholder, merchant, issuer processor, acquirer processor

What is a synonym for "payment recipient"?

Merchant

Acquirer

Issuer

Visa

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

Terminal operator

Card organization

None of these

Card company

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

Card Company

Interchange network service provider

Card company

Terminal operator

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

Card organization

Interchange network service provider

Terminal operator

Card Company

Who can act as a issuer or acquirer?

Card organization

Interchange network service provider

Terminal operator

Card Company

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

Acquisition

None of these

Clearing

Authorization

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

Acquisition

None of these

Clearing

Authorization

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

Acquisition

Settlement

Authorization

Issuing

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

Acquisition

Settlement

Issuing

Authorization

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