| Merchant Processing: Comptroller's Handbook December 2001 Contributor(s): Comptroller of the Currency Administrato (Author) |
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ISBN: 1503344711 ISBN-13: 9781503344716 Publisher: Createspace Independent Publishing Platform OUR PRICE: $13.29 Product Type: Paperback Published: January 2015 |
| Additional Information |
| BISAC Categories: - Reference |
| Physical Information: 0.21" H x 8.5" W x 11" (0.57 lbs) 102 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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 |
