Merchant Processing Comptroller's Handbook December 2001Merchant Processing Comptroller's Handbook December 2001
Merchant Processing Comptroller's Handbook December 2001
BooksCloudSKU: 9781502951533

Merchant Processing Comptroller's Handbook December 2001 - Paperback

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Merchant Processing Comptroller's Handbook December 2001
Merchant Processing Comptroller's Handbook December 2001 - Paperback
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by Comptroller of the Currency (Author)

Merchant processing is the settlement of electronic payment transactions for merchants. Merchant processing activities involve gathering sales information 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 directly affect the bank's balance sheet except through settlement accounts and reserve balances. However, merchant processing can create significant off-balance-sheet contingent liabilities that may result in losses to the bank

Number of Pages: 102
Dimensions: 0.21 x 11.02 x 8.5 IN
Publication Date: October 31, 2014
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