When a consumer uses their credit card to purchase a good or service, many financial steps are taken behind the scenes to ensure the payment is complete. First the card is used, then the data is transmitted from the point of sale to a customer’s issuing bank, and then back to the merchant. And it happens in a matter of seconds.
As consumers want this process to happen with ease and secure purchasing transactions evolve, the need for a comprehensive payment platform has become integral to conduct business.
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