Key Players
The card payment lifecycle demonstrates the participation of key players in the payments ecosystem:- Issuing bank
- Cardholder / customer
- Merchant
- Processor: In all Pagos content, we’ll refer to any payment gateway, acquiring bank, payment processor, or payment service provider as “processor”. It’s important to note that if appropriately certified as per the relevant regulatory requirements, any of these providers could perform the services of one or more of these specific key players.
- Card brands (i.e. card networks)
- Government / regulators: These entities play a critical role in the card payment lifecycle by developing public policy and monitoring commercial activities. The depth of the intervention varies by country and can have significant impacts on the business processes of global companies.