davidjohn6366
12 posts
Sep 19, 2022
12:54 PM
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The Card Issuing Banks: These are the banks that issue cards to the public, decides on the credit limit and charges and collects from them.
3. Acquirers and Processing Banks: These act as a link between the card companies and the merchants. They are members of the company. They can be the bank itself or an independent company.
Member Service Provider / Independent Sales Organization: These are the next in the hierarchy and they are a person or company that is become a credit card processing agent contracted by the bank or card company to provide services like credit card selling, settlement and chargeback, equipment supply and management.
Sales Agents: Lastly we have the sales agents that are representatives of the Member Service Provider / Independent Sales Organization (MSP/ISO). They are not contracted to the MSP/ISO and so cannot sell cards or accounts under their business name.
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