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Forum: Merchant Accounts 07-16-2009, 12:22 PM
Replies: 11
Views: 4,967
Posted By hvgopal
payment process

In some cases, the merchant bank gets the settlement information from Front-End Processors and in other cases, from the Back-End Processors. This is the gray area.



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Forum: Merchant Accounts 07-16-2009, 12:21 PM
Replies: 2
Views: 2,710
Posted By hvgopal
processors

Front-End Processors have connections to various Card Associations and supply authorization and settlement services to the merchant Banks’ Merchants. Back-End Processors accept settlements from...
Forum: Merchant Accounts 07-16-2009, 12:21 PM
Replies: 8
Views: 3,130
Posted By hvgopal
payment

A payment processor is a company (often a third party) appointed by a merchant to handle credit card transactions for merchant banks. They are usually broken down into two types—front-end and...
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