American Express

Subscribers-Only

If you haven’t yet read the post on Visa, please do so. Going over the payments ecosystem in detail would be a lot of redundant work. It’s called efficiency, not laziness 😉

The intricacy of a credit card transaction is quite astounding. But the basic gist is that there are 5 parties involved (sometimes 6 if you count the acquiring processor):

  1. Consumer - …

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