OK, so imagine you have a piggy bank where you keep your money. Well, Entrust Bankcard is kind of like a really big piggy bank, but instead of you putting your money in it, it helps businesses and merchants collect money from customers who use their credit or debit cards.
Here's how it works: when you go to a store and buy something with your card, the store doesn't get the money right away. Instead, the store needs to have a special partnership with a company like Entrust Bankcard. This company helps the store to process the payment, which means they make sure the money gets transferred from your card to the store's bank account.
Entrust Bankcard does a lot of important things to make sure this process goes smoothly. First, they provide the store with some special equipment, like a machine where you slide or tap your card to make the payment. That machine sends the payment information to Entrust Bankcard, who then communicate with the bank that issued your card to transfer the money.
But Entrust Bankcard doesn't just process payments, they also help with things like keeping the payment information secure. Your personal information is very important, and Entrust Bankcard makes sure it's protected so that nobody can steal it.
Finally, Entrust Bankcard also helps the store keep track of all the payments they receive. They provide reports and data to the store so that they can see how much money they're making and which products or services are the most popular. This helps the store make important decisions about their business.
So, basically, Entrust Bankcard is like a special company that helps stores and businesses collect money from customers who use credit or debit cards, by providing special equipment, making sure the payment information is safe and secure, and helping with keeping track of all the payments.