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PCI Compilance Services

Issuer - bank or other organization issuing the card under the authority of payment organizations, e.g. VISA or MC.

Acquirer - bank or organization that a merchant uses to process payment card payments. Receives authorization requests and sends to the issuer (Issuer) for acceptance. Provides services in the processes: authorization, clearing, settlement for the merchant. Acquirer usually is:

  •     Merchant's bank
  •     Clearing agent
  •     Service provider (sometimes)
  •     Card organization (JCB, Discover, Amex)
  •     Never VISA or MC

Merchant - an organization that accepts credit card payments during a purchase.

Service Provider - the processor of the transaction.

Software Vendor - a provider of software.