maksujenkäsittelyssä
Maksujenkäsittely, or payment processing, refers to the entire system involved in authorizing and facilitating financial transactions between parties. This includes the steps from a customer initiating a payment to the funds being transferred and settled into the merchant's account. In essence, it is the backbone of electronic commerce and point-of-sale transactions.
The process typically begins when a customer presents payment information, often via a credit card, debit card,
The issuing bank verifies the customer's account details, checks for sufficient funds or credit, and approves