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  • Card Issuing Processor Issuing Bank Issuing Bank Apple Cash Card

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    ManishKumar
    22 views1 page
    The document outlines the flow of a $1000 purchase made with an Apple Cash card. The $1000 is debited from the issuing bank and passed through the card processor, card network, and acquirer to the merchant bank. Fees are deducted at each step so the merchant bank receives $963.50 while the other parties retain the various fee amounts, totaling $36.50.

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    Apple Card

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    Presentation 1

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    The document outlines the flow of a $1000 purchase made with an Apple Cash card. The $1000 is debited from the issuing bank and passed through the card processor, card network, and acquirer to the merchant bank. Fees are deducted at each step so the merchant bank receives $963.50 while the other parties retain the various fee amounts, totaling $36.50.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    22 views1 page

    Card Issuing Processor Issuing Bank Issuing Bank Apple Cash Card

    Uploaded by

    ManishKumar
    The document outlines the flow of a $1000 purchase made with an Apple Cash card. The $1000 is debited from the issuing bank and passed through the card processor, card network, and acquirer to the merchant bank. Fees are deducted at each step so the merchant bank receives $963.50 while the other parties retain the various fee amounts, totaling $36.50.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Issuing Bank Issuing Bank

    $1000 Issuing
    Card Processor Apple Cash Card $0.9

    $1000

    $30 $30

    Card Network
    $0.156

    $1.3 Acquirer Merchant Bank


    $963.50 $5.2

    Merchant Acquirer Merchant Bank Merchant


    $28.9

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