Merchant Processing Comptroller's Handbook December 2001 (Paperback)

Comptroller of the Currency

ISBN 10: 1502951533 / ISBN 13: 9781502951533

Published by Createspace Independent Publishing Platform, 2014

About this Item

Paperback. 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 This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

Seller Inventory # 9781502951533

Bibliographic Details

• Title: Merchant Processing Comptroller's Handbook December 2001 (Paperback)
• Publisher: Createspace Independent Publishing Platform
• Publication Date: 2014
• Language: English
• ISBN 10: 1502951533
• ISBN 13: 9781502951533
• Binding: Paperback
• Condition: new

About this title

Synopsis

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.