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2. Payment processor - Wikipedia

   en.wikipedia.org/wiki/Payment_processor

   Payment processor. A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to ...

3. Merchant account - Wikipedia

   en.wikipedia.org/wiki/Merchant_account

   A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales ...

4. Merchant services - Wikipedia

   en.wikipedia.org/wiki/Merchant_services

   Merchant services is a broad category of financial services intended for use by businesses. [1] In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC / RFID enabled device.

5. Chase Paymentech - Wikipedia

   en.wikipedia.org/wiki/Chase_Paymentech

   Chase Paymentech provides electronic payment processing products for businesses that accept credit, debit or gift cards from their customers. Their products include services for merchants to reduce payment fraud and manage chargebacks. The company offers products aimed at multiple industries, including e-commerce, retail, professional services ...

6. Square (financial services) - Wikipedia

   en.wikipedia.org/wiki/Square_(financial_services)

   Launched in 2009 by Block, Inc., [2] it allows merchants and individuals to accept card payments and manage various operations. As of 2023, Square leads the U.S. market in POS systems, [3] [4] [5] serving 4 million clients and processing $210bn annually. [6] [7] Square acts as a financial services platform supporting a range of features.

7. Acquiring bank - Wikipedia

   en.wikipedia.org/wiki/Acquiring_bank

   An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. [1] The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express ...