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Glossary

Payment Processor

A service provider that routes payment data between merchants, acquirers, and schemes.

POSE-Commerce

A payment processor handles transaction routing, authorization, clearing, and settlement between a merchant, the acquiring bank, and card schemes. Processors often provide tokenization, risk tools, and reconciliation data.

Processor pricing bundles network costs like interchange fees. Support for multiple payment methods (cards, wallets) and local rails (e.g., debit cards, giro cards) helps merchants reduce declines and fees.

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Related terms

Keep learning with these nearby definitions.

Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.
Payment Processor