![]() The issuing bank then sends an authorization back through the card network to your processor before it finally ends up back at your terminal or software.Īs involved as the system sounds, obtaining an authorization for a transaction is just the first step. In just a matter of seconds, your terminal passes transaction information to a processor, and then through the card network to the issuing bank for approval. The bankcard networks that ferry billions of transactions between merchants, processors and banks are truly modern marvels. ![]()
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March 2023
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