Maksekaardivõrgustik
Maksekaardivõrgustik refers to the interconnected systems that enable the processing of transactions made with payment cards. This network is crucial for the functioning of modern commerce, allowing consumers to make purchases electronically and merchants to accept these payments. It involves a complex interplay between various entities, including cardholders, merchants, acquiring banks, issuing banks, and payment networks.
When a customer uses a payment card, the merchant's point-of-sale terminal or online gateway initiates a request.
The issuing bank verifies the cardholder's account, checks for sufficient funds or credit limit, and authorizes