Credit Card Network: How Does it Work?

TORONTO - Nov. 23, 2023 - PRLog -- Networks are a major way money moves around throughout the world. More specifically, with credit card networks. When you have a transaction and pay with your card, information is sent through the network where it needs to be, as fast as possible. Within this network, your card can be approved, denied, or ask you for a signature. If you are wondering how this network functions and who is running credit card networks, we are going to discuss this now.

The Big Four

Before diving into the functionality of credit card networks, we want to talk about the big names behind credit card networks.

• American Express
• Discover
• Visa
• Mastercard

There are so many other credit card networks available and each has their own function and purpose, but we want to focus on the biggest, most well-known ones that process the most transactions globally.

How We Can Help

If you are looking for payment processing solutions, check out our website to see our products and services! Contact us if you have any questions.

Read More: https://www.payeex.ca/blog/credit-card-network-how-does-it-work/

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