Template:Processor

Credit Card Processor

Processor is responsible for receiving credit card information, passing it on to the banks and returning any necessary information regarding the credit card. Processors charge various fees for their services. Credit Card Processing Software acts as a broker by allowing to switch between processors to minimize the impact of the processor fees on the customer. Credit Card Processing Software uses internet or the attached modems to communicate to credit card processors over phone lines. Credit Card Processing Software allows a different Processor to be associated with each card type available. Also see Supported Processor List

Debit Card

A debit card is a plastic card which provides an alternative payment method to cash when making purchases. Physically the card looks like a credit card, however its functionality is more similar to writing a check as the funds are withdrawn directly from the cardholder's bank account. The debit card is swiped through a card reader or inserted into a chip reader and the merchant usually enters the amount of the transaction before the customer enters their PIN. A Pin Pad is required for processing debit cards.

Check Card

Check Card is a Debit Card that can be used just like a credit card without entering a PIN. Check Card can also be used just like a Debit Card if a pin is entered.