The merchant's digital gateway

How tap to pay works

Chapter 1

The invisible spark of radio waves

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Answer

Chapter 2

The digital handshake and EMV

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Answer

Chapter 3

The protective shield of tokenization

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Chapter 4

The lightning-fast network journey

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YOUR GOAL

Master of How tap to pay works

Ch 4 · The lightning-fast network journey

Tap Zap Zoom

BETA

marcus Zap wireless signals to the reader to learn how tap-to-pay works instantly.

marcus Tap-to-Pay Network

Just one tap wakes the chip to send a secret token flying round the world!

marcus The credit card network's superhighway

The credit card network's superhighway

marcus Visa, Mastercard, and other networks route the transaction request to your specific bank.

The acquiring bank's quick check

marcus The acquiring bank represents the merchant and passes the payment request to the card network.

Fun Fact

Network speed: Visa's global network, VisaNet, can process over 65,000 transaction messages per second across the world.

Gossip

Should physical paper receipts be banned to save trees?

Quiz

What is the role of the 'acquiring bank' in a tap-to-pay transaction?

marcus The acquiring bank's quick check

Quiz

In a typical transaction, what is sent back to the merchant's terminal to confirm the payment?

marcus The merchant's digital gateway

Quiz

What does the issuing bank check first before authorizing a tap-to-pay transaction?

marcus The issuing bank's final approval

Quiz

Which party in the payment chain is responsible for detecting fraud on your account in real time?

Quiz

What is the financial institution that provides the card to the consumer called?

Quiz

How does a merchant's payment terminal securely connect to the payment gateway?

Quiz

Approximately what percentage of a tap-to-pay transaction's total time is spent routing data around the world?

Quiz

What is the name of Visa's global processing network that routes transactions?