CREDIT CARD AUTHORIZATION VENDORS

CREDIT CARD AUTHORIZATION VENDORS

Less than 20 credit card associations and commercial vendors operate as third-party processors in the current marketplace. Credit card authorization vendors accomplish credit authorization on behalf of financial institutions and commercial vendors.

Vendors interface with retailers directly, and (indirectly) through value-added network (VAN) vendors and financial institutions.

Credit card authorization vendors at times utilize the networks of check verification/guarantee vendors to deliver credit card authorization services.

CHECK VERIFICATION/GUARANTEE VENDORS

There are two national (and less than 20 regional and local) check verification/guarantee vendors. These vendors offer check verification/guarantee services either directly to retailers or through financial institutions.

Check verification/guarantee vendors also use VAN vendors and credit card authorization vendor networks to deliver authorization/guarantee services.