Issuer, Acquirer ve PSP Kavramlarının Ödemeler Dünyasındaki Yeri

The Role of Issuer, Acquirer, and PSP in the Payments Ecosystem

Systems that make payment processes easier through practical channels are among the most modern banking services. Issuer Banks and Acquirer Banks are financial institutions that provide these services. While Issuer Banks offer services tailored to consumer needs, Acquirer Banks are used to process payments for merchants. This is also where the choice of a Payment Service Provider (PSP) comes into play. Known as a Virtual POS Provider, a PSP helps you complete payment transactions efficiently through licensed providers. Let’s take a closer look at these three essential concepts.

What is an Issuer Bank and What Does It Do?

Banks and institutions that issue credit cards and manage related services are defined as Issuer Banks. These institutions are responsible for printing and delivering the credit cards to the customer. They also manage services such as tracking credit/debt balances, reward points, and concierge benefits, providing users with necessary updates. The cardholder is referred to as the “cardholder.” Issuer Banks own the rights to the credit cards. Visa, MasterCard, Discover, and American Express are examples of financial institutions that serve as Issuer Banks.

Acquirer Banks and POS Transactions

Any business or store that accepts credit card payments is defined as a “merchant.” POS devices located at merchant locations facilitate the sale of goods and services. The institutions that manage the credit/debt relationship between these POS devices and the card network are known as Acquirer Banks. With Acquirer Bank services, you can track all your payments via practical reporting tools. Acquirer Banks cannot transfer the amount owed before the credit card statement due date. According to card agreements, the transaction amount may be blocked temporarily (deducted from the account balance), or transferred to the merchant’s account the next day after deducting a certain commission. You can benefit from Acquirer services with all credit cards that offer installment plans.

What is a PSP and How Does It Simplify Payments?

A Payment Service Provider (PSP) allows businesses and users to access banking services online through digital channels. With digital banking solutions, tasks like automatic bill payments become easy. Many PSPs also offer services such as e-wallets, e-checks, and prepaid cards. Due to concerns around data security, banks offer privacy policies and clear communication to ensure customers feel safe when selecting a PSP. This helps users choose a PSP based on security standards and confidently use digital banking services. PSPs provide various interfaces and service models to meet different user needs and preferences. You can take advantage of different card schemes such as VISA, MasterCard, TROY, and American Express. Card schemes reflect national and international payment networks and are often represented by a logo on the bottom-right corner of a card.

Keep Up with the Times with Lidio

If you want to adapt your banking services and payment processes to today’s digital world, you can shift payment gateway operations to digital channels. A payment gateway is a system that encrypts sensitive credit card data and securely transmits it to the e-commerce provider and the relevant bank. With Lidio, Türkiye’s largest digital payment platform, you can monitor transactions and shop through practical, secure channels. By taking advantage of Lidio’s value-added services, you can find the most suitable financial solution for your business and empower your payments with the help of our expert fintech team. Thanks to AI-powered intelligent suggestions, Lidio saves you from dealing with complex contracts and integrations. Visit Lidio now to benefit from modern banking services and applications designed for today’s needs. Choose the most suitable payment service provider and manage your financial operations securely.