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Merchant Processing: Comptroller's Handbook December 2001

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Product Code: 9781503344716
ISBN13: 9781503344716
Condition: New
$16.64

Merchant Processing: Comptroller's Handbook December 2001

$16.64
 
Merchant processing is the settlement of electronic payment transactions formerchants. Merchant processing activities involve gathering salesinformation 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 directlyaffect the bank's balance sheet except through settlement accounts andreserve balances. However, merchant processing can create significant off-balance-sheet contingent liabilities that may result in losses to the bank


Author: Comptroller of the Currency Administrato
Publisher: Createspace Independent Publishing Platform
Publication Date: Jan 01, 2015
Number of Pages: 102 pages
Binding: Paperback or Softback
ISBN-10: 1503344711
ISBN-13: 9781503344716
 

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