Tag: transaction clearing

MasterCard is processing more than 65,000 credit and debit card transactions every minute and without a hitch! Here is how it does it....

MasterCard processes more than 160 million payment card transactions per hour with an average network response time of 130 milliseconds. Here is how....

Authorization, clearing and settlement are the three stages in a MasterCard transaction and you need at least a basic understanding of how they work....

Credit card transactions can be processed in batches or in real time, depending on the setting, the processor's capabilities and local requirements....

The final three stages of the credit card transaction process are the submission, clearing and settlement of the payment....