Merchant Services, or better known as credit card processing is the handling of electronic payment transactions for merchants. Merchant processing activities involve obtaining sales information from the merchant, receiving authorization for the transaction, collecting funds from the bank which issued the credit card, and sending payment to the merchant. Here are some Merchant Services. Merchants & Merchant Servicers* * Assess how your store growth compares to industry growth in your trade area. * Evaluate new store locations using card-spend growth data. * Determine where your primary cardholders spend--locally, regionally and internationally. Independent Developers* * Integrate data into solutions which are developed specifically for the payments industry. * Enhance industry research with spend data.
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