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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Merchant Processing: Comptroller's Handbook December 2001

Merchant Processing: Comptroller's Handbook December 2001

Paperback

General Reference

ISBN10: 1503344711
ISBN13: 9781503344716
Publisher: Createspace
Published: Jan 1 2015
Pages: 102
Weight: 0.57
Height: 0.21 Width: 8.50 Depth: 11.00
Language: English
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

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