1. Issuer – This is the bank from which the cardholder receives his card.

2. Acquirer – A bank that has a business relationship with a merchant and receives all credit card transactions from that merchant; the acquirer gets the money and deposits it into the merchant’s bank.

3. Processor – A company that handles credit card transactions and batches for acquirers (e.g., PaymentTech, Moneris, 5th/3rd, Vital, etc.).

4. Integration – Salesware codes to a single specification and the product with which Salesware integrates translates the single format that Salesware sends to the format required for any given number of processors (e.g., Tender Retail Merchant Connect/CreditCheq, Elavon ProtoBase, etc.).