Tag: transaction settlement

American Express, unlike Visa and MasterCard, is a bank acting both as an issuer and acquirer for its cards, which simplifies the transaction cycle....

The settlement of a Discover transaction is the process of reimbursing a merchant for the amount of each card sale that the merchant has submitted....

MasterCard uses the Global Clearing Management System for transaction clearing - the process of exchanging information between issuers and processors....

Clearing and settlement of credit card transactions are the processes that facilitate the exchange of data and money between processors and issuers....