When buying something online, you find an item, select it, and then go through the checkout routine of putting in your details, including your credit card information. But what happens after you click buy? Companies like Allied Wallet take over, handling the payment processing of credit cards from banks all over the world. The consumer is usually unaware of the process, but the multitude of agreements and systems on the backend are what allow companies like Amazon, Ebay, and Apple to handle the volume of online sales that has propelled them to success.

1. THE HIDDEN WORLD OF PAYMENT
PROCESSING
Allied Wallet

2. INTRODUCTION
 When buying something online, you find an
item, select it, and then go through the checkout
routine of putting in your details, including your
credit card information. But what happens after
you click buy? Companies like Allied Wallet take
over, handling the payment processing of credit
cards from banks all over the world. The
consumer is usually unaware of the process, but
the multitude of agreements and systems on the
backend are what allow companies like
Amazon, Ebay, and Apple to handle the volume
of online sales that has propelled them to
success.

3. PAYMENT PROCESSING
 A company like Allied Wallet has made agreements
with the acquiring banks that issue credit cards like
MasterCard and Visa to interact with online retailers.
But agreements are only part of the work that goes
on behind the scenes. Security is a key concern in
transferring money digitally. Because of this, a large
part of payment processing involves security and
inscription to ensure that fraud doesn’t occur. This
can take the form of both encryption and processing
personnel to review trends and spot irregularities to
prevent consumers from being victims of fraud.