The work conducted by the merchant acquirer includes: 1. Signing up merchants to accept the cards, 2. providing the means to authorize valid card transactions at the client merchant locations, 3. Facilitating the clearing and settlement of the transactions through the payment network, and 4. Providing other services such as sending out statements to the merchant.
Monday, December 20, 2010
DOCUMENT TO UNDERSTAND CREDIT CARD
The work conducted by the merchant acquirer includes: 1. Signing up merchants to accept the cards, 2. providing the means to authorize valid card transactions at the client merchant locations, 3. Facilitating the clearing and settlement of the transactions through the payment network, and 4. Providing other services such as sending out statements to the merchant.
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