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Not sure how an issuer processor works? Want to know who authorises transactions? Our expert is on hand to help.
In the second instalment of our Tea BreakDown challenge, Jonathan Vaux, Head of Proposition and Partnerships at Thredd, explains how issuer processors work.
How do issuer processors work?
Issuer processors – the vital connector between an issuer and payment networks like Visa and MasterCard – work by facilitating debit, prepaid and credit transaction through several steps. These include:
The cards issued by the issuer processor can be adjusted to offer a variety of features and functionalities, such as controls, tokenisation for digital wallets, or fraud management services.
In our first episode of the Tea BreakDown challenge, Jonathan Vaux explains what an issuer processor is. You can view the episode and read the definition here.
Thredd is the issuer processing partner of choice for the world’s most ambitious businesses. We’re trusted to manage billions of transactions across 44 countries by the world’s leading fintech's, digital banks, and embedded finance providers.
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