[WIP] The Field Guide To Global Payments

WIP

• Section 1 – Cards
  • History
    • 1958: It all started with the BankAmericard
      • “Fresno Drop”
    • 1970s: Visa is created (national and international arm are united under the name Visa)
    • 1980s: large drop off of banks acting both as acquirer and issuer: issuing CCs was more profitable
  • The Players
    • Merchant
    • Cardholder
    • Issuer/Issuing Bank
    • Acquirer
      • Can be a bank, psp, gateway, independent sales org (ISO)
    • Networks/CC Schemes
  • ISO08583 – how networks talk to each other
  • CVV/CVC
  • PCI
  • Decline transactions
  • • Hats declines
    • Soft declines

• Section 2 – Non-Card
• Section 3 – Rules / Rules Breakers
• Section 4 – Business Models