Where does Charge1 fit in the credit card payments process?
In the credit card payments process, Charge1 sits between the merchant and the payment processing entity (e.g., FDMS, TSYS Acquiring Solutions (SM), Card One International) that does business with the merchant’s bank. Charge1 also has a relationship with the payment processing entity, which allows Charge1 to pass transaction information on behalf of the merchant via the Internet (over a proprietary and secure connection). A typical Charge1 credit card transaction flows in the following way: A credit card transaction is submitted to the Charge1 Payment Gateway either from a merchant Web site or directly from a merchant. Charge1 automatically passes the transaction to the Acquiring Bank’s Processor (the payment processor that does business with the merchant’s bank). The Acquiring Bank’s Processor passes the transaction to the Credit Card Interchange System (an entity that routes payment information to the parties involved in settling a credit card transaction). The Credit Card Interchang
