Batching: Authorized transactions are stored in aquot;batchesaquot;, which are sent to the acquirer. ... under the merchanta#39;s floor limit or ones where the authorization was unsuccessful but the merchant still attempts to force the transaction through. ac Clearing and Settlement: The acquirer sends the batch transactions through the credit card association, which debits the issuers for payment and credits the acquirer.
|Title||:||Indian Banking Service|
|Author||:||Mr. Dinesh R. Chavda|