Indian Banking Service

Indian Banking Service

4.11 - 1251 ratings - Source

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. a€c 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 -


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