www.Authotize.net – Payment Transactions
Authorize.net is a leading provider of Internet Protocol based getaway services, allowing merchants to authorize, settle and manage credit card and electronic check transactions from a web site, retail store, mail order and others.
It manages payment transactions to the processing network for its merchant customers and provides products, services and tools that help merchants to minimize risk, reduce costs and increase revenues. How does it work? The merchant submits a credit card transaction to Authorize.net on behalf of a customer; Authorize.net receives the transaction information and passes it to the Merchant Bank’s Processor which submits it to the credit card Interchange and routes the transaction customer’s credit card issuer and so on. This service is available 24 hours a day, seven days a week.