CREDIT CARD PAYMENT REQUEST FORM Conference Name 5th 2025

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In summary, the credit card payment process involves the cardholder initiating the transaction, the merchant accepting the payment, the acquirer processing the payment request, the card network authorising and facilitating the transaction, and the card issuer settling the funds and updating the cardholders account.
The businesss point-of-sale (POS) software will automatically send a request to their payment processor or acquirer, asking them to authorize the transaction. The acquirer will take the request and send it over to the issuer, via the card network, requesting approval.
Credit Card transaction processing refers to the series of steps that take place from the moment you use your Credit Card to make a purchase until the payment is authorised and completed. It involves communication between the merchant, payment gateway, issuing bank and the card network (such as Visa or Mastercard).
Who is involved in the credit card transaction process? While there may be additional players involved, the five key parties in the transaction process are the cardholder, the seller, the acquirer (the sellers bank), the issuer (the cardholders bank), and the card network.
A credit card authorization form is a document, signed by the cardholder, that grants a merchant permission to charge their credit card for a period of time, as written in that document. The form is often used to give businesses the ongoing authority to charge the cardholder on a recurring basis.
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There are in general six parties involved in a traditional credit card processing cycle: customer, card issuing bank, merchant, merchants bank, acquirer, and a credit card processor.

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