The credit and debit card ecosystem is much superior to MasterCard, American Express, and Visa. Scores of firms play different roles in the system as mediators, most of them as merchant-facing sellers that provide the technology and services that assist businesses accept credit card. Earlier, Silicon Valley has decided they also want to contend in this market, and introduced online, mobile, and cloud-based facilities that compete with those delivered by the legacy players.
In a recent report from business Intelligence, look at the complicated series of interactions among diverse legacy players that powers each credit card imbursement, outlining the six types of companies that play key parts in the credit payment chain. We explain what each of these companies do, and how much value they add, and clarify why two parts of this chain the hardware benefactors and merchant service providers (MSPs) are chiefly vulnerable to disruption