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SECTION 3 - PAYMENT PROCESSING BASICS - THEN AND NOW

A BRIEF HISTORY OF PAYMENT PROCESSING

To understand where we are going it’s helpful to know where you came from. Developing an understanding of the history behind the payment industry will provide a framework for understanding future changes. 

An  A to Z for the Processing World

To get  a thorough understanding of the processing world, one needs to understand Associations, Acquirers, Issuers and Third Party Processors.  We will also discuss ISO's and MSP's.