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Good summary, but you are confusing First Data's role - First Data is a processor, not just a Gateway, and is actually the processor for BAMS, Wells Fargo, and
by exw 11y ago
Good summary, but you are confusing First Data's role - First Data is a processor, not just a Gateway, and is actually the processor for BAMS, Wells Fargo, and many other banks. (http://digitaltransactions.net/news/story/First-Data_s-Alliance-with-BofA-Helps-Fuel-Surge-in-Transactions http://digitaltransactions.net/news/story/First-Data_s-Allia...)
- bardworx 11y agoThanks for sharing that article. The CCP world is so convoluted that when I start thinking "I got it", I realize the rabbit hole keeps going. Here are two articles for anyone who is interested in learning more: [0] : https://www.quora.com/What-is-the-difference-between-a-payment-gateway-a-payment-processor-and-a-merchant-account https://www.quora.com/What-is-the-difference-between-a-payme... [1] : http://www.chetu.com/blogs/finance-2/choosing-between-payment-gateway-and-payment-processor-2/ http://www.chetu.com/blogs/finance-2/choosing-between-paymen...