Payment Processing Credit/Debit Cards (Authorization, Clearing and Settlement Basics)

Рет қаралды 27,060

@NurtureLearning

Жыл бұрын

Payment Transactions
• Payments Transactions ...

Пікірлер: 59

@saspadoni 4 ай бұрын

I work with this in Brazil, but now I have a client who speaks English, so this video helped me a lot to understand the terms in English and now I can explain to them! thank you!

@NurtureLearning 4 ай бұрын

Thanks for your comments 🙏🏻. Very glad that, this was helpful.

@NehaSharma-gx9cf 3 күн бұрын

@@NurtureLearning can you share the link to \video explaining the various fees involved

@NurtureLearning 3 күн бұрын

@@NehaSharma-gx9cf kzfaq.info/get/bejne/sKyglpeI3rfeYYU.html

@Pheello 3 ай бұрын

Thanks. I’m busy with a startup in the e-commerce space. This video has aided my comprehension in payment space

@NurtureLearning 2 ай бұрын

that's amazing to know, all the very best wishes for your startup 👍🏼👍🏼

@abellepenye4153 16 күн бұрын

I say this with the most respect possible. I think there is a slight mistake in the video. Please correct me if I am wrong, I am only here to learn. At 3:20 you can see step 4's description. It says: " Routes data to acquirer" I think that might be wrong because the data is being routed to the issuer. I have learned a lot from this video, so thank you!

@NurtureLearning 16 күн бұрын

Wow thanks, you are absolutely right. The text in the flow needs correction, will correct it 🙏🏻🙏🏻

@zeeshanwallet7724 3 ай бұрын

awesome, informative content. More content needed!! Thanks

@NurtureLearning 3 ай бұрын

thanks so much for commenting and for the wamth in comment 🙂

@jjchen6360 6 ай бұрын

amazing video! Thank you!

@NurtureLearning 6 ай бұрын

thanks for commenting, glad you liked it.

@abellepenye4153 19 күн бұрын

Super helpful and informative. Thank you!

@NurtureLearning 16 күн бұрын

thanks for commenting, glad you liked it 💐💐

@vishnudeo1981 8 күн бұрын

Thanks a lot for simple explanation .

@NurtureLearning 8 күн бұрын

thanks for liking and commenting 🙏🏻🙏🏻

@rajatshukla2605 2 ай бұрын

super helpful! many thanks!

@NurtureLearning 2 ай бұрын

thanks so much for liking and commenting 🌻🌻

@amalekyen0012 3 ай бұрын

really helpful, thanks!

@NurtureLearning 3 ай бұрын

Glad it was helpful ✅ !

@niyaskadangode6197 3 ай бұрын

Informative and easy to understand.

@NurtureLearning 2 ай бұрын

Glad you think so and thanks for liking and commenting 👍🏼👍🏼

@cooldown369 4 ай бұрын

Awesome ❤❤❤🎉🎉

@NurtureLearning 4 ай бұрын

thanks so much for liking and commenting 🙏🏻🙏🏻

@user-fb1cy8yu2q 7 ай бұрын

Thanks for your efforts

@NurtureLearning 7 ай бұрын

thanks for your comment, and glad you liked the content.

@moturuniharika9605 2 ай бұрын

Thank you for the very clear information

@NurtureLearning 2 ай бұрын

thanks so much for liking and commenting 🌻🌻

@gavrielhazony2738 3 ай бұрын

Thanks!

@NurtureLearning 3 ай бұрын

thanks for liking and commenting 🙏🏻🙏🏻

@prashantkuril.6698 8 ай бұрын

Helpful far banking domain.

@NurtureLearning 8 ай бұрын

Thanks Prashant, glad you found it helpful.

@Monsaw1 8 ай бұрын

Well structured and detailed focus video. Thanks so much.

@NurtureLearning 8 ай бұрын

thanks so much for liking and commenting...

@ShriganeshKolhe Ай бұрын

I have the co-oerative bank in India and want to start issuing credit cards. what best companies exist to help out in this case?

@hemantjadhav1176 7 ай бұрын

Thanks for this video, pls make a video for "Reconciliation systems"

@NurtureLearning 5 ай бұрын

sure, please share which aspect of reconciliation.

@roselyneomasheye9959 Ай бұрын

please make a video on direct card routing

@lujean5980 2 ай бұрын

Thank you for such a clear and informative video! I just have one question: in the authorization stage, why is the acquiring bank involved already? Isn't this step about checking whether the consumer can make the purchase? So why doesn't the POS machine send the data to the issuer directly?

@NurtureLearning 2 ай бұрын

Great question, please note that the Merchant has no direct connection with Issuer (the POS can't connect to Issuer directly; imagine if it has to do that then the POS has to have connections with all banks at in place. Instead a router, acquirer here helps). The acquirer bank is the financial institution that has a relationship with the merchant. Acquirer's primary role is to facilitate transactions on behalf of the merchant. When a customer makes a purchase, the merchant forwards the transaction details to the acquirer bank. The acquirer bank then communicates with the payment networks and the issuer to obtain authorization for the transaction, and it ultimately settles the transaction by transferring funds from the cardholder's account to the merchant's account.

@prashanthbakka8651 2 сағат бұрын

Timeline for the whole process?

@simont733 7 ай бұрын

Its intersting so how is vertual card create and how do indvusal crates and sell for third person

@NurtureLearning 5 ай бұрын

thanks for your comment.

@rajshree0001 5 ай бұрын

It's men's when we do payment that time not any fund transfer it's right or no

@NurtureLearning 5 ай бұрын

Hi Rajshree, yes it means that the real money transfer happens in the reconciliation process.

@vivekkumar-ky9bz 5 ай бұрын

Thank you, very clearly explained!

@NurtureLearning 5 ай бұрын

Glad you like it 💐💐

@narendarboga7610 5 ай бұрын

Great n clear explanation..

@NurtureLearning 5 ай бұрын

thanks for your comments, and glad you liked it 💐💐

@shyamsundar-jl5hb 5 ай бұрын

Good explanation sir thank you

@NurtureLearning 5 ай бұрын

You're most welcome, thanks for commenting…

@ranjanamiglani259 4 ай бұрын

First step is authentication and not authorisation

@NurtureLearning 4 ай бұрын

yes that's correct; but remember CONTEXT.

@Amandeep-qd9nw 2 ай бұрын

where is the fees associated with card processing video ?

@NurtureLearning 2 ай бұрын

Just added it in comments.

@dhananjaymitkari3893 2 ай бұрын

Can you send this ppt to me

@NurtureLearning Ай бұрын

oh, it's been more than an year, I don't think can find it easily now.

@aneskamachado 7 ай бұрын

great video, thank you!

@NurtureLearning 6 ай бұрын

glad you liked it, thanks for the comment.