Difference between revisions of "Banking as a Service"
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Revision as of 22:23, 11 January 2024
Full Title or Meme
Banking as a Service is a product offered to merchants to handle transactions.
Context
From the beginning of back credit cards, the merchants would select a bank to act as an acquirer for credit card transactions. The acquirer banks typically contracted with a server provider like First Data to handle the details for them.
Solutions
The accounting companies offer a server to evaluate service like Banking as a Service, Explained | Deloitte Digital
