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	<title>VersaPay &#187; Post Tags &#187; settlement</title>
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		<title>How does payment processing work?</title>
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		<pubDate>Thu, 25 Feb 2010 08:18:54 +0000</pubDate>
		<dc:creator>peter.fitzpatrick</dc:creator>
				<category><![CDATA[Industry advice]]></category>
		<category><![CDATA[authorization]]></category>
		<category><![CDATA[payment processing]]></category>
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		<description><![CDATA[On average, it takes three seconds to process a credit card payment. In this time, several organizations must relay data and funds to each other to authorize and settle a transaction. There are six parties [...]]]></description>
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