Diagram

These posts from PaymentsAPI.com contain diagrams on the workflow of the given topic. This provides great visual guidance as to how tenders, payments organizations and development tools can interact with each other.

Payments 101: What is a Card Association?

July 21, 2010

The Payments 101 series explores the payments ecosystem members. Card Association A Card Association is a network of card-issuing1 and acquiring banks2 that license bank card programs and perform transactional operations on behalf of its members, including transaction authorizations and processing

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Payments 101: What is ACH?

June 28, 2010

How a Paper Check Becomes an Electronic Check ACH (automated clearing house) transactions are electronic check transactions that leverage an existing, inter-bank, network between financial institutions to remit payment. Referencing the image below of a traditional ACH workflow,

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Payments 101: What is Credit Debit?

June 23, 2010

The Process of Credit and Debit Transactions Explained The credit/debit card is the simple plastic card used to initiate a transaction between a customer and a business (the Merchant) in exchange for goods or services. However, the transaction path associated with that card is anything but simple.

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