Credit Card Payment Processing Services Procurement in the US
This report is intended to assist buyers of credit card payment processing services. A credit card payment processor acts as a liaison between the buyer, or merchant, and the cardholder's issuing bank during a credit card transaction. Suppliers communicate with issuing banks through a secured network referred to as the payment gateway, wherein the payment is requested, authorized and routed back to the merchant. This service can be purchased as a combination of payment gateway, processor and merchant account services. This report excludes credit card services providers and point-of-sale terminals.