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Credit Card Transaction Processing Explained by Gyan Sharma is a document available to read on EtoBox.
What is Credit Card Transaction Processing Explained about?
The document explains how credit card transactions are processed using VISA as an example. It describes the authorization, clearing and settlement processes which involve routing of payment information between issuers and acquirers. Authorization approves or declines transactions. Clearing delivers transaction data for posting and calculates fees. Settlement calculates and transfers net financial positions of issuers and acquirers.
- Author
- Gyan Sharma
- Language
- EN