Who is involved in acquiring?

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The acquiring process involves the work of the following key participants:

The issuing bank issues bank cards to customers and is responsible for authorizing and processing payments using these cards. This is the bank that provides the customer with his card.
Customers are end consumers or companies that use bank ghana email list cards to pay for goods and services. They provide their card details to make payments.

Merchants or companies provide goods or services and are recipients of payments. They integrate acquiring systems into their business processes and provide customers with the ability to pay bills using cards.
An acquiring company or acquiring bank provides the technical infrastructure and services for processing payments. They connect customers (cardholders) and merchants (sellers) and process transactions. An acquiring company also performs security and compliance functions.
Payment systems such as Visa, MasterCard, American Express, Mir, Belkart, UnionPay, JCB and others provide standards and technological infrastructure for the operation of bank cards and mobile payment applications.

Payment gateways are software interfaces that provide communication between online stores and acquiring companies or acquiring banks. They process payment requests and forward data for authorization and processing.
Security and Compliance Systems - These systems and organizations ensure payment security and data protection, as well as compliance with regulatory requirements such as PCI DSS and 3D Secure standards.