It sounds easy – almost magical…a consumer hands a credit card to a merchant and buys a product or service. The money is (somehow) debited from the customer’s account and credited to the merchant’s. It happens millions of times each day. But how? Who plays what role in the business behind the curtain?
The following infographic demonstrates the “magic” behind the transaction. In this graphic, you’ll see the role OpenEdge plays, which includes the payment application provider, the (front-end) processor and transaction gateway. Our parent company, Global Payments, serves as the back-end processor and works directly with the card brands.
And remember – this all happens in a matter of a few seconds.