Fizetésfeldolgozás
Fizetésfeldolgozás is a Hungarian term that translates to payment processing. It refers to the entire chain of events that occurs when a customer makes a payment, typically in a retail or e-commerce setting. This process involves various entities, including the customer, the merchant, the acquiring bank, the card network, and the issuing bank.
When a customer presents a payment card, such as a credit or debit card, for a transaction,
The issuing bank then verifies the cardholder's identity and checks for sufficient funds or credit limit. If
Following authorization, the merchant submits batches of approved transactions to their acquiring bank for settlement. The