The (_______________) is made up of a combination of players that interact with each other during the payment transaction process: issuers and acquirers, credit card networks, payment processors, payment gateways, independent sales organizations and value-added resellers, and payment facilitators. payments ecosystem The (______________) cycle is complex and has a lot of moving parts. payment processing How many steps are typically in the "authorization" process for accepting a payment? 7 The customer purchases goods or services from the (__________) and swipes their credit or debit card through a point-of-sale (POS) terminal or device that (__________) the customer's card information. Merchant/Captures The customer's card information is transmitted to the merchant's (__________), who in turn passes the (__________) and transaction amount to the merchant's bank (the acquirer or acquiring bank). Payment Processor/Card Information Which entities are considered "Acquirer's" or "Acquiring Banks"? TSYS/Fiserv/First Data The (____________) captures the transaction and forwards the information to the customer's credit card network (e.g. Visa, Mastercard). acquiring bank The (________________) then routes the transaction to the cardholder's bank (the issuer, or issuing bank), and reque