GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DOMAIN 07 / 9 TOPICS

Cards & merchant payments

The four-party card model: how an authorization travels from terminal to issuer, how clearing applies interchange and settlement nets the money, and how disputes, 3-D Secure, and tokenization work.

  1. 0110 MIN
    The four-party modelWho does what when a card is used to pay: cardholder, merchant, acquirer, issuer — and the network that sits between them and writes the rules.AFTER: The parties in a payment
  2. 0215 MIN
    Authorization: the first journeyHow a tap becomes an approval in seconds: the ISO 8583 request and response, the authorisation hold, and what happens when the issuer cannot answer.AFTER: The four-party model
  3. 0315 MIN
    Clearing and settlement for cardsAuthorisation moves no money. Clearing files and net settlement do — with interchange applied on the way. The second journey of a card payment.AFTER: Authorization: the first journey
  4. 0415 MIN
    Disputes and chargebacksWhat happens when a cardholder disputes a charge: reason codes, the chargeback, the merchant's representment, and where liability finally lands.AFTER: Clearing and settlement for cards
  5. 0512 MIN
    3-D Secure and strong customer authentication3-D Secure adds an identity check to online card payments. How frictionless and challenge flows work, and what strong customer authentication requires.AFTER: Authorization: the first journey
  6. 0612 MIN
    Tokenization and PCI DSSHow card numbers are kept out of harm's way: network tokens that replace the PAN, and PCI DSS — the security rulebook for anyone who touches card data.AFTER: Authorization: the first journey
  7. 0713 MIN
    Digital wallets and network tokenizationHow a card becomes a stand-in number on your phone: pass-through versus staged wallets, device tokenisation, and the DPAN journey behind a tap.AFTER: Tokenization and PCI DSS
  8. 0812 MIN
    PSPs, gateways, and orchestrationUntangling who does what to take a card: the gateway, the PSP, the acquirer, payment facilitators, and the orchestration layer that routes it all.AFTER: The four-party model
  9. 0913 MIN
    Alternative payment methods and BNPLBeyond the card: bank-transfer methods, wallets and local schemes — and buy-now-pay-later as a credit product wrapped around a payment.AFTER: The four-party model