FEATURE ARTICLE
Insights Magazine from CMSPI
Page 10 | November 2021
Checkout
Gateway
A Short Story of a Good Customer and a Card Transaction
Processor
Network
Issuer-Owned Processor
Flow of Funds
Issuer
BOTTOM-LINE After the transaction has been
authorized and settled, the cost per transaction is reported in a monthly invoice or bill. The fees flow to different parties in the supply chain, with cost increases reducing the productivity of the transaction.
Fraud Screening
Transaction Approved
Processor
Network/Issuer
Alternative Payment Method Provider
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