Payment transactions are transfers of funds to card accounts. Payment transactions are not credits that reverse a previous purchase. Merchants and acquiring banks must be registered with Visa and MasterCard before they can process payment transactions.
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Procedures For Registering Payment Transaction Providers
The right merchant services provider will enable merchants to accept card payments quickly and securely. It will also help merchants minimize their risk exposure by implementing risk management tools and data encryption services.
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Choosing a Merchant Services Provider
The authentication of the validity of a cardholder and a card used in eCommerce transactions is extremely important for reducing fraud and customer disputes. There is a number of powerful tools to assist merchants in making this determination.
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Authentication of Online Transactions
