Interoperability in Payment Card Systems: A Deep Dive into Issuers, Acquirers, and Network Operations

International Journal of Computer Science and Engineering |
© 2025 by SSRG - IJCSE Journal |
Volume 12 Issue 1 |
Year of Publication : 2025 |
Authors : Naga Rishyendar Panguluri |
How to Cite?
Naga Rishyendar Panguluri, "Interoperability in Payment Card Systems: A Deep Dive into Issuers, Acquirers, and Network Operations," SSRG International Journal of Computer Science and Engineering , vol. 12, no. 1, pp. 31-41, 2025. Crossref, https://doi.org/10.14445/23488387/IJCSE-V12I1P105
Abstract:
nteroperability within payment card systems is an extremely vital element of the payment industry. It enables transactions among diverse systems, with issuers, acquirers, payment networks, and merchants all sharing a stake in the outcome. This paper appraises such interaction and indicates what technology supports cross-border and cross-platform processing of payments. We examine the roles and responsibilities of issuers who have charge over a cardholder account. In addition, the membership organizations provide the infrastructure behind transaction authorization and communication such as Visa or MasterCard and others. By exploring the technical standards, protocols, and regulatory guidelines that govern these interactions, this study shows the challenges and importance of achieving interoperability in the payment cycle. The paper then takes up such matters as the security scheme for contactless payments, prevention of fraud, and future trends like mobile wallets and contactless payment systems or systems for integrating blockchains into financial transactions, all of which require hints at a coherent, stable environment to flourish.
Terminology Definition: Issuers “are financial institutions, typically banks, that provide payment cards (such as credit, debit, or prepaid cards) to consumers.”. Acquirers “are banks or financial institutions that work with merchants to process payment card transactions.”
Keywords:
Interoperability, payment card systems, issuers, acquirers, payment networks, transaction security.
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