Fintech Articles

Banks and Fintechs

MDES - Master Card Digital Enablement Service

Banking as a Service

Cards

Visa vs. Amex

How SWIFT Works

ISO8583 message

Payment schemes

Acquire

Acquiring bank is where merchant account resides. It processes credit or debit card payments on behalf of merchant.

Issuers

Issuing bank provide cards to customers on behalf of card networks

Direct Debit Transactions Types

There are three ways a direct debit card can be used.

• ATM
  • ATM switch
• EPOS
  • Electronic Point of Sales

• Online Transaction, in-app transaction, CNP (card not present transaction)