Payment Processing Credit/Debit Cards (Authorization, Clearing and Settlement Basics)

Payment Transactions

[saspadoni]

I work with this in Brazil, but now I have a client who speaks English, so this video helped me a lot to understand the terms in English and now I can explain to them! thank you!

[Pheello]

Thanks. I’m busy with a startup in the e-commerce space. This video has aided my comprehension in payment space

[abellepenye]

I say this with the most respect possible. I think there is a slight mistake in the video. Please correct me if I am wrong, I am only here to learn. At 3:20 you can see step 4's description.
It says: " Routes data to acquirer" I think that might be wrong because the data is being routed to the issuer. I have learned a lot from this video, so thank you!

[zeeshanwallet]

awesome, informative content. More content needed!! Thanks

[Monsaw]

Well structured and detailed focus video. Thanks so much.

[abellepenye]

Super helpful and informative. Thank you!

[hemantjadhav]

Thanks for this video, pls make a video for "Reconciliation systems"

[moturuniharika]

Thank you for the very clear information

[vishnudeo]

Thanks a lot for simple explanation .

[lujean]

Thank you for such a clear and informative video! I just have one question: in the authorization stage, why is the acquiring bank involved already? Isn't this step about checking whether the consumer can make the purchase? So why doesn't the POS machine send the data to the issuer directly?

[rajshree]

It's men's when we do payment that time not any fund transfer it's right or no

[simont]

Its intersting so how is vertual card create and how do indvusal crates and sell for third person

[LexieBryson-hy]

Brilliant! Can you please share the link to the next part? (processing fees for acquirer and IPS)

[roselyneomasheye]

please make a video on direct card routing

[ranjanamiglani]

First step is authentication and not authorisation

[ShriganeshKolhe]

I have the co-oerative bank in India and want to start issuing credit cards. what best companies exist to help out in this case?

[ArrenTadipa]

So therefore BSP must have a big responsibility or obligations from money error to the account holder.mas monitor niyo lahat ng mga miyembro sa labas at pasok ng mga bawat transaction why everytime na magkaroon ng conflict at error system under imbistigation parang malibdiba mas silip dito ni BSP ang pagmumulan hanggang babagsakan at mga system error nito somtimes questionable our reason publicly anouncing to Us.

[Amandeep-qdnw]

where is the fees associated with card processing video ?