Payments processing card holder merchant acquiring fraud check

Description:

The image illustrates the flow of payment processing for cardholder merchants, breaking down the primary entities and checks involved in the process. Each text element corresponds to a step or component within this process:

1. Merchant: 

This symbolizes the retailer or service provider involved in the transaction.

2. Card Holder: 

The individual who owns the debit or credit card being used for the transaction.

3. Fraud Check: 

Represented twice, this indicates the points at which potential fraud is assessed and filtered out to prevent illicit transactions.

4. Issuing Bank: 

The financial institution that issued the card to the cardholder and plays a role in authorizing the payment.

5. Acquiring Bank/Processor: 

The bank or processor on the merchant's side that receives the payment authorization request from the card networks.

6. Card Networks: 

The intermediaries (like Visa, MasterCard, etc.) that facilitate the transfer of payment details between the acquiring and issuing banks.

7. Merchant Account/Gateway: 

This is where the merchant's account exists to accept payments, and the payment gateway is the technology that enables the transaction.

Use Cases:

Considering the elements depicted in the image, here are seven industries where such slides can be effectively used:

1. Retail:

Use: To educate about the payment process at point-of-sale systems.

Presenter: Financial Operations Manager

Audience: Retail Staff

2. Banking:

Use: To train new employees on the transaction process and fraud prevention.

Presenter: Training Coordinator

Audience: New Bank Employees

3. E-Commerce:

Use: To explain to online merchants how payments are processed and secured.

Presenter: E-Commerce Platform Representative

Audience: Online Sellers

4. Payments Technology:

Use: To pitch innovative payment processing solutions to potential clients.

Presenter: Sales Executive

Audience: Retail Business Owners

5. Cybersecurity:

Use: To discuss the importance of robust fraud checks in payment gateways.

Presenter: Cybersecurity Consultant

Audience: IT Security Professionals

6. Fintech:

Use: To showcase a fintech startup's role in streamlining payment processing.

Presenter: Fintech Entrepreneur

Audience: Investors

7. Financial Services Consulting:

Use: To advise on improving payment processing efficiency and security.

Presenter: Financial Consultant

Audience: Business Managers