Introduction to the 4-Party Model in Payment Systems In modern payment systems, electronic transactions are completed quickly, securely, and efficiently, thanks to well-established frameworks that connect different entities involved in the transaction process. One of the most widely used models is the 4-party model, which provides a clear framework for understanding how payment transactions are […]
Month: February 2025
Introduction to Payment Systems & the 4-Party Model
Overview of Payment Systems In today’s global economy, electronic payment systems are the backbone of commerce. Whether you’re shopping online, paying for a taxi, or transferring money to a friend, the underlying systems that facilitate these transactions are crucial to the smooth flow of goods and services. But how do these payment systems actually work? […]