Merchant Processing: Comptroller's Handbook December 2001

Comptroller Of The Currency Administrator Of National Banks

ISBN 10: 1503344711 / ISBN 13: 9781503344716

Published by CreateSpace Independent Publishing Platform, 2015

About this Item

Print on Demand.

Seller Inventory # I-9781503344716

Bibliographic Details

• Title: Merchant Processing: Comptroller's Handbook December 2001
• Publisher: CreateSpace Independent Publishing Platform
• Publication Date: 2015
• Language: English
• ISBN 10: 1503344711
• ISBN 13: 9781503344716
• Binding: Soft cover
• Condition: New

About this title

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.