{"id":10582,"date":"2025-10-17T22:25:13","date_gmt":"2025-10-17T22:25:13","guid":{"rendered":"https:\/\/www.alphapay.com\/?p=10582"},"modified":"2025-11-14T19:00:46","modified_gmt":"2025-11-14T19:00:46","slug":"payment-networks-101","status":"publish","type":"post","link":"https:\/\/www.alphapay.com\/zh\/payment-networks-101\/","title":{"rendered":"Payment Networks 101: How are Banks, Merchants, and Consumers Connected"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10582\" class=\"elementor elementor-10582\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c052772 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c052772\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4fe5290\" data-id=\"4fe5290\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc80410 elementor-widget elementor-widget-text-editor\" data-id=\"fc80410\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\" data-pm-slice=\"1 1 []\">Payment networks are the invisible infrastructure that makes modern commerce possible. Every time someone taps a card, checks out online, or transfers money between accounts, these networks quietly route information and funds between the right financial institutions.<\/p><h2 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\" data-pm-slice=\"1 1 []\">In This Article<\/h2><ul><li>What is a payment network<\/li><li>What is a card network\u00a0<\/li><li>How card networks work\u00a0<\/li><li>Card network vs payment networks<\/li><\/ul><h2 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">What is a Payment Network?<\/h2><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">A payment network is a standardized system that allows banks, merchants, and consumers to move money electronically. It sets the rules for how funds are transferred, authenticated, and settled between participants.<\/p><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Each network has its own architecture, processing speed, and geographic reach. Some are designed for near-instant transfers, while others batch transactions to keep costs lower. The unifying goal across all payment networks is interoperability\u2014ensuring that money can move smoothly between different banks, systems, and even countries.<\/p><h3 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">Types of Payment Networks<\/h3><div class=\"tableView-content-wrap\" data-prosemirror-initial-todom-render=\"true\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"table\" data-prosemirror-node-block=\"true\"><div data-testid=\"table-alignment-container\"><div class=\"pm-table-resizer-container\"><div class=\"resizer-item display-handle\"><div class=\"pm-table-container\" data-number-column=\"false\" data-layout=\"default\" data-testid=\"table-container\"><div class=\"pm-table-wrapper\"><table data-number-column=\"false\" data-layout=\"default\" data-autosize=\"false\" data-table-local-id=\"a4741f2b-5e16-4ab3-b983-f194d02e7ba7\" data-ssr-placeholder=\"table-a4741f2b-5e16-4ab3-b983-f194d02e7ba7\" data-ssr-placeholder-replace=\"table-a4741f2b-5e16-4ab3-b983-f194d02e7ba7\"><colgroup> <col \/> <col \/><\/colgroup><tbody><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><th class=\"pm-table-header-content-wrap\" data-colwidth=\"289\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableHeader\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Network Type<\/p><\/th><th class=\"pm-table-header-content-wrap\" data-colwidth=\"468\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableHeader\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Definition<\/p><\/th><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"289\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Card-based networks<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"468\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Used for debit and credit card payments; route transactions between issuing and acquiring banks.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"289\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Bank-based networks<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"468\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Examples include ACH in the United States, SEPA in Europe, and Interac in Canada. These systems transfer funds directly between accounts, often in batch cycles.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"289\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Real-time payment networks<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"468\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Rails like India\u2019s UPI or the U.S. RTP Network allow 24\/7 instant transfers. They\u2019re becoming the backbone of digital economies where speed is a key advantage.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"289\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Mobile wallet networks<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"468\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Apple Pay, Google Pay, Alipay, and WeChat Pay sit on top of existing rails, combining convenience, authentication, and contactless or QR-based transactions.<\/p><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/div><\/div><\/div><h2 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">What is a Card Network?<\/h2><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Card networks are one specific type of payment network. They facilitate electronic payments made with credit, debit, or prepaid cards.<\/p><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">When a customer uses a card, the card network\u2019s job is to transmit data between the merchant\u2019s bank (the acquirer) and the customer\u2019s bank (the issuer). The network verifies the transaction, ensures there are available funds or credit, and then passes the authorization back to the merchant\u2014all in a fraction of a second.<\/p><h3 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">Main Global Card Networks<\/h3><div class=\"tableView-content-wrap\" data-prosemirror-initial-todom-render=\"true\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"table\" data-prosemirror-node-block=\"true\"><div data-testid=\"table-alignment-container\"><div class=\"pm-table-resizer-container\"><div class=\"resizer-item display-handle\"><div class=\"pm-table-container\" data-number-column=\"false\" data-layout=\"default\" data-testid=\"table-container\"><div class=\"pm-table-wrapper\"><table data-number-column=\"false\" data-layout=\"default\" data-autosize=\"false\" data-table-local-id=\"b1187ec2-d2ab-40ba-8606-bd45c20f0fe0\" data-ssr-placeholder=\"table-b1187ec2-d2ab-40ba-8606-bd45c20f0fe0\" data-ssr-placeholder-replace=\"table-b1187ec2-d2ab-40ba-8606-bd45c20f0fe0\"><colgroup> <col \/> <col \/> <col \/><\/colgroup><tbody><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><th class=\"pm-table-header-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableHeader\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Network<\/p><\/th><th class=\"pm-table-header-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableHeader\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Structure<\/p><\/th><th class=\"pm-table-header-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableHeader\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Notes<\/p><\/th><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Visa<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Open network<\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Partners with thousands of issuing and acquiring banks worldwide.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Mastercard<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Open network<\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Competes closely with Visa; operates in over 200 countries.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">American Express<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Closed network<\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Acts as both issuer and network, maintaining tighter control over its ecosystem.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Discover<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Closed network<\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Similar to Amex, with strong presence in the U.S. and some international reach.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">UnionPay<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Open network<\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Dominant in China, expanding across Asia and Europe.<\/p><\/td><\/tr><tr data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableRow\" data-prosemirror-node-block=\"true\"><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"221\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">JCB<\/strong><\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"237\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Open network<\/p><\/td><td class=\"pm-table-cell-content-wrap\" data-colwidth=\"300\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"tableCell\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Japan-based, widely accepted across Asia-Pacific.<\/p><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/div><\/div><\/div><h2 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">How Card Networks Work<\/h2><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The typical card transaction involves several key participants:<\/p><ol class=\"ak-ol\" start=\"1\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"orderedList\" data-prosemirror-node-block=\"true\"><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Cardholder \u2013 the consumer making the purchase.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Merchant \u2013 the business accepting the payment.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Acquirer \u2013 the merchant\u2019s bank or payment processor.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Card Network \u2013 routes the transaction between parties and enforces rules.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Issuer \u2013 the cardholder\u2019s bank.<\/p><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26ff1df elementor-widget elementor-widget-image\" data-id=\"26ff1df\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"386\" src=\"https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-1024x494.png\" class=\"attachment-large size-large wp-image-9523\" alt=\"\" srcset=\"https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-1024x494.png 1024w, https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-300x145.png 300w, https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-768x370.png 768w, https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-1536x741.png 1536w, https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-2048x988.png 2048w, https:\/\/www.alphapay.com\/wp-content\/uploads\/2025\/08\/payment-processor-flow-chart-18x9.png 18w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b021244 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b021244\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ab496c9\" data-id=\"ab496c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a456f17 elementor-widget elementor-widget-text-editor\" data-id=\"a456f17\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The payment flow:<\/p><ul class=\"ak-ul\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"bulletList\" data-prosemirror-node-block=\"true\"><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The customer presents their card to make a purchase.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The merchant\u2019s system sends the transaction details to the acquirer.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The acquirer forwards the information through the card network.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The network routes it to the issuing bank for authorization.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">The issuer verifies the details, approves or declines, and sends the response back through the network to the merchant.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Once approved, settlement occurs\u2014funds move from issuer to acquirer, then to the merchant\u2019s account.<\/p><\/li><\/ul><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">This happens in seconds, but behind it is a complex, standardized infrastructure ensuring speed, trust, and global reach.<\/p><h2 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">Card Networks vs Payment Networks<\/h2><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">All card networks are payment networks, but not all payment networks are card networks.<\/p><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Card networks specialize in facilitating transactions tied to cards, while payment networks can include direct account transfers, real-time payments, and alternative payment methods like QR codes or mobile wallets.<\/p><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">For example:<\/p><ul class=\"ak-ul\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"bulletList\" data-prosemirror-node-block=\"true\"><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Visa and Mastercard are card networks.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Interac, SEPA, and UPI are payment networks.<\/p><\/li><li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\"><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Alipay and Apple Pay are payment layers that sit on top of these networks, combining convenience, authentication, and access to multiple funding sources.<\/p><\/li><\/ul><h2 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"heading\" data-prosemirror-node-block=\"true\">Why This Matters<\/h2><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Understanding the difference helps businesses in evaluating payment partners, transaction fees, and processing times. Card networks tend to have higher fees due to interchange and fraud protection costs, but they offer global acceptance. Bank-based payment networks and real-time rails can lower costs and accelerate settlement but may lack the same international reach.<\/p><p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">In short, card networks built the foundation for digital payments as we know them, while newer payment networks are expanding what\u2019s possible\u2014faster transfers, open APIs, and cross-border interoperability. Together, they form the infrastructure of a global economy where money moves as easily as information.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Payment networks are the invisible infrastructure that makes modern commerce possible. Every time someone taps a card, checks out online, or transfers money between accounts, these networks quietly route information and funds between the right financial institutions. In This Article What is a payment network What is a card network\u00a0 How card networks work\u00a0 Card [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-10582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Payment Networks 101: How are Banks, Merchants, and Consumers Connected - AlphaPay<\/title>\n<meta name=\"description\" content=\"Payment networks connect banks, merchants, and consumers by securely moving money and data between accounts in seconds\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.alphapay.com\/zh\/payment-networks-101\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payment Networks 101: How are Banks, Merchants, and Consumers Connected - 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