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Merchant Processing Comptroller's Handbook December 2001 Comptroller of

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2020-04-24 07:46:11

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Merchant processing is the settlement of electronic payment transactions for merchants. Merchant processing activities involve gathering sales information from the merchant, obtaining authorization for the transaction,collecting funds from the card-i... Read more
Merchant processing is the settlement of electronic payment transactions for merchants. Merchant processing activities involve gathering sales information from the merchant, obtaining authorization for the transaction,collecting funds from the card-issuing bank, and reimbursing the merchant. The processing of sales transactions for merchants by banks does not directly affect the bank's balance sheet except through settlement accounts and reserve balances. However, merchant processing can create significant off-balance-sheet contingent liabilities that may result in losses to the bank. Less

Book Details

File size8.50(w)x11.00(h)x0.2
Print pages102
PublisherCreateSpace Publishing
Publication date October 31, 2014
ISBN9781502951533
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