Merchant Processing Comptroller's Handbook December 2001 (Paperback) (ISBN-13: 9781502951533)

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

Author: Comptroller of the Currency
ISBN-10: 1502951533
ISBN-13: 9781502951533
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 10/31/2014
Pages: 102
Format: Paperback
Weight: 0.57lbs
Size: 11.02h x 8.50w x 0.21d