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Podcast: Treasury Leaders (Former Corporate Treasury 101)
Episode: Episode 72: How card payment networks operate?
Description: Welcome to the corporate Treasury 101 podcast! Have you ever wondered what really happens when you pay with a credit card ? How is that made possible, who are the stakeholders involved, how is the money transferred? Well if so, you are about to have an answer to those questions In this episode, expect to learn- what are card payment networks and how they operate - What is an issuing bank and an acquiring bank when it comes to credit cards - The secret behind the « authorised » message displaying when you ma...