Merchant Processing: Comptroller's Handbook December 2001 - Couverture souple

Comptroller Of The Currency Administrator Of National Banks

 
9781503344716: Merchant Processing: Comptroller's Handbook December 2001

Synopsis

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.

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Autres éditions populaires du même titre

9781502951533: Merchant Processing Comptroller's Handbook December 2001

Edition présentée

ISBN 10 :  1502951533 ISBN 13 :  9781502951533
Editeur : CreateSpace Independent Publishi..., 2014
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