Download or read book Merchant Acquirers and Payment Card Processors: A Look Inside the Black Box written by Ramon P. DeGennaro and published by DIANE Publishing. This book was released on 2008-06 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each year, hundreds of millions of credit & debt cardholders make billions of transactions worth trillions of dollars. Yet few are aware that such transactions travel through, & are made possible by, a group of intermediaries that accept cards, handle card transactions, manage the dispute-resolution process, & set rules that govern card transactions. This article demystifies the ¿Black Box¿ of the transactions process for payment cards. Describes a simple transaction with a private-label card. Emphasizes the key roles of merchant acquirers & card processors. Delineates the risk factors associated with specific industries, merchant types, & transactions that influence the price merchants pay for acquirers¿ services. Discusses ways that merchant acquirers manage risk.