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

• Payments Transactions ...

[@saspadoni]

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]

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

[@zeeshanwallet7724]

awesome, informative content. More content needed!! Thanks

[@NurtureLearning]

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

[@Pheello]

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

[@NurtureLearning]

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

[@jjchen6360]

amazing video! Thank you!

[@NurtureLearning]

thanks for commenting, glad you liked it.

[@abellepenye4153]

Super helpful and informative. Thank you!

[@NurtureLearning]

thanks for commenting, glad you liked it 💐💐

[@rajatshukla2605]

super helpful! many thanks!

[@NurtureLearning]

thanks so much for liking and commenting 🌻🌻

[@vishnudeo1981]

Thanks a lot for simple explanation .

[@NurtureLearning]

thanks for liking and commenting 🙏🏻🙏🏻

[@abellepenye4153]

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]

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

[@amalekyen0012]

really helpful, thanks!

[@NurtureLearning]

Glad it was helpful ✅ !

[@user-fb1cy8yu2q]

Thanks for your efforts

[@NurtureLearning]

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

[@moturuniharika9605]

Thank you for the very clear information

[@NurtureLearning]

thanks so much for liking and commenting 🌻🌻

[@gavrielhazony2738]

Thanks!

[@NurtureLearning]

thanks for liking and commenting 🙏🏻🙏🏻

[@cooldown369]

Awesome ❤❤❤🎉🎉

[@NurtureLearning]

thanks so much for liking and commenting 🙏🏻🙏🏻

[@niyaskadangode6197]

Informative and easy to understand.

[@NurtureLearning]

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

[@prashantkuril.6698]

Helpful far banking domain.

[@NurtureLearning]

Thanks Prashant, glad you found it helpful.

[@Monsaw1]

Well structured and detailed focus video. Thanks so much.

[@NurtureLearning]

thanks so much for liking and commenting...

[@hemantjadhav1176]

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

[@NurtureLearning]

sure, please share which aspect of reconciliation.

[@roselyneomasheye9959]

please make a video on direct card routing

[@vivekkumar-ky9bz]

Thank you, very clearly explained!

[@NurtureLearning]

Glad you like it 💐💐

[@ShriganeshKolhe]

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?

[@lujean5980]

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]

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.

[@simont733]

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

[@NurtureLearning]

thanks for your comment.

[@rajshree0001]

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

[@NurtureLearning]

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

[@narendarboga7610]

Great n clear explanation..

[@NurtureLearning]

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

[@shyamsundar-jl5hb]

Good explanation sir thank you

[@NurtureLearning]

You're most welcome, thanks for commenting…

[@ranjanamiglani259]

First step is authentication and not authorisation

[@NurtureLearning]

yes that's correct; but remember CONTEXT.

[@Amandeep-qd9nw]

where is the fees associated with card processing video ?

[@NurtureLearning]

Just added it in comments.

[@dhananjaymitkari3893]

Can you send this ppt to me

[@NurtureLearning]

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

[@aneskamachado]

great video, thank you!

[@NurtureLearning]

glad you liked it, thanks for the comment.