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Overview of the Payment Authorization Clearing amp Settlement Process
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=kRGhCfh7KMQ
The Payment Card consists of three key phases : Authorization, Clearing and the Settlement. • Payment Authorization refers to the process of securely communicating authorization requests, responses and cancellations messages essential to verify the vital cardholder details at the time of purchase. • Clearing is the process of exchanging financial transaction details between an involved acquirer and an issuer that facilitates posting of a cardholder's account and reconciliation of a customer's settlement position. • Settlement process is where the brand network facilitates the fund exchanges on behalf of issuers and acquirers. • Also, check out our Post PCI DSS activities checklist : https://www.qrcsolutionz.com/download...
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