!!! Overview The [{$pagename}] is offering goods or services that the customer wants to buy. [{$pagename}] is defined in [PCI] as any [entity] that accepts [Payment Card] bearing the logos of any of the five members of [PCI SSC] (American Express, Discover, JCB, MasterCard or Visa) as payment for goods and/or services.” [{$pagename}] is one member of the The [Four-Party Credit Card System] [{$pagename}] are [Authorized] through an [Enrollment] by a [Card Processor] ([MSP]) !! [{$pagename}] Responsibilities[1] The [{$pagename}]’s roles and responsibilities are as follows: * Capture card data from the [Credit Card|Payment Card] * Initiate and authorize the purchase transaction through the [Payment Network]. * Verify [Cardholder] identity. * Capture the transaction for onward submission to the merchant [Acquirer]. * Pay a fee called the [Merchant Service Commission] ([MSC]) to the merchant [Acquirer]. [{$pagename}]s assigned a [Merchant Category Code] by the [Card Issuer] when the [Merchant] first starts accepting [Payment Cards] !! More Information There might be more information for this subject on one of the following: [{ReferringPagesPlugin before='*' after='\n' }] * [#1] - [Developing and Managing a Successful Payment Cards Business|https://www.gowerpublishing.com/pdf/SamplePages/Developing_Managing_Successful_Payment_Cards_Business_Ch2.pdf|target='_blank'] - based on data observed:2015-05-18